SJP Ultrasonics IPO
CLOSEDSMEBidding Closed
Allotment date reached
Allotment
06 Oct 2026
Listing
08 Oct 2026
- Price Band
- ₹67 – ₹67
- Lot Size
- 2,000
- Lot Value
- ₹1,34,000
- Open Date
- 30 Sep30 Sep 2026
- Close Date
- 05 Oct05 Oct 2026
- Min Investment
- ₹1,34,000
About SJP Ultrasonics
Use of IPO Proceeds
Total allocation: ₹21.19 Cr (excludes issue expenses)
Promoters
Jignesh Pravinchandra Parekh
Chairman and Managing Director · age 49
Pre-issue: 36.01% · Post-issue: 26.27%
Rupal Jignesh Parekh
Whole-time Director · age 47
Pre-issue: 34.71% · Post-issue: 25.32%
Investment Analysis
Quick Analysis: 3 strengths · 6 risk factors· Exchange: BSE SME
Strengths (3)
- •Operates in specialized niche segment offering customized solutions
- •Long-term relationships with customers despite absence of formal contracts
- •Experienced promoters and key management with deep industry knowledge
Risk Factors (6)
- •First public issue with no formal market history for securities; issue price may not indicate post-listing market price or trading activity.
- •No assurance of active or sustained trading in equity shares post-listing or regarding price at which shares will trade after listing.
- •Investments in equity securities involve degree of risk; investors may lose all or part of their investment if risks materialize.
- •SEBI has not recommended, approved, or guaranteed accuracy or adequacy of prospectus or equity shares offered in the issue.
- •Additional unknown risks and uncertainties may arise or become material future events adversely affecting business, operations, and financial condition.
- •Business operations, cash flows, and financial condition could decline significantly if any disclosed or undisclosed risks materialize adversely.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- GMP ₹0 (+0.0%), unofficial, as of 06 Oct 2026, 05:03 PM IST
GMP Trend
Latest: ₹0 (+0.00%)Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,34,000 |
| Retail (max) | 1 | 2,000 | ₹1,34,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,68,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,38,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,72,000 |
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
IPO Details
| Registrar | — |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹23.45 Cr |
| Fresh Issue | ₹23.45 Cr |
| OFS Size | — |
| Lead Managers | Khandwala Securities Limited, Maashitla Securities Private Limited |
3-Year Financial Summary
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | — | 5.24 | — | — | 26.10% |
| FY25 | — | 4.17 | — | — | 28.10% |
| FY24 | — | 3.4 | — | — | 50.51% |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| EBITDA | 5.42 | 6.84 | 8.24 |
| Net Worth | 6.73 | 14.85 | 20.09 |
| Total Borrowings | 2.01 | 2.42 | 5.78 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY26)
—
Earnings per share
RoNW
26.10%
Return on net worth
ROCE
31.84%
as reported in filing
EBITDA margin
—
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
13 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in SJP Ultrasonics's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
- Jignesh Pravinchandra Parekh(Promoter)+36.01%
- Rupal Jignesh Parekh(Promoter)+34.71%
- Parthvi Jignesh Parekh(Promoter)+5.83%
- Mahindar Pomaram Choudhary(Promoter)+4.62%
- Maxgrow Fintrade Private Limited(Promoter Group)+3.09%
- Parth Jignesh Parekh(Promoter)+2.91%
- Sidharth R Ajwani(Promoter)+2.62%
- Mahendra Keshavlal Kothari(Promoter)+1.59%
- Aakash Mahendra Kothari(Promoter)+1.06%
Post-Issue
- Jignesh Pravinchandra Parekh(Promoter)+26.27%
- Rupal Jignesh Parekh(Promoter)+25.32%
- Parthvi Jignesh Parekh(Promoter)+4.25%
- Mahindar Pomaram Choudhary(Promoter)+3.37%
- Maxgrow Fintrade Private Limited(Promoter Group)+2.25%
- Parth Jignesh Parekh(Promoter)+2.13%
- Sidharth R Ajwani(Promoter)+1.91%
- Mahendra Keshavlal Kothari(Promoter)+1.16%
- Aakash Mahendra Kothari(Promoter)+0.77%
Source: SJP Ultrasonics offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
Reservation split not disclosed in this filing.Not disclosed in SJP Ultrasonics's filing.
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: SJP Ultrasonics offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Jignesh Pravinchandra Parekh₹0.18 Cr p.a.
Managing Director
Twenty-Five years in manufacturing and development
- Rupal Jignesh Parekh₹0.15 Cr p.a.
Whole-time Director
Diploma in fashion designing from India International Trade Centre (IITC); Montessori diploma from Association Montessori Internationale
Twelve years with company
- Shivanni Sujal Shah₹0.01 Cr p.a.
Independent Director
Bachelor's degree in commerce from Jai Hind College; Master's degree in commerce from University of Mumbai; CFA Level 3
Over two years in equity markets
- Kishore D Sonecha₹0.00 Cr p.a.
Independent Director
Third Year B.Com from Saurashtra University, Rajkot; Associate member of Indian Institute of Banker; Certified Information System Auditor
Forty years in banking and finance
- Rajesh Girish Jain₹0.01 Cr p.a.
Independent Director
Bachelor's degree in management from University of Mumbai
Over six years in banking and finance
Key Managerial Personnel (2)
- Chirag Natvarlal Barot₹0.10 Cr p.a.
Chief Financial Officer
More than nine years in accounting and finance
- Jamshed Kokab Khan₹0.04 Cr p.a.
Company Secretary and Compliance Officer
Bachelor's degree in commerce from Pt. Ravishankar Shukla University, Raipur; Associate member of Institute of Company Secretaries of India
Nine years in corporate law compliances and legal matters
Source: SJP Ultrasonics offer document (DRHP/RHP).
Industry & Market
Per Dun and Bradstreet, Industry Report on Industrial Automation Solution, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| RINCO ULTRASONICS INDIA PRIVATE LIMITED | — | — | — | — |
| UNIQUE CIRCLE AUTOMATION PRIVATE LIMITED | — | — | — | — |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Statutory | Company | 1 | — |
Misplaced consent to establish for manufacturing unit reported to Valiv Police Station
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the SJP Ultrasonics IPO opening?
The SJP Ultrasonics IPO opens on 30 Sep 2026 and closes on 05 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the SJP Ultrasonics IPO?
The price band for the SJP Ultrasonics IPO is ₹67 to ₹67. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the SJP Ultrasonics IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,34,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of SJP Ultrasonics IPO today?
The latest Grey Market Premium for SJP Ultrasonics is ₹0 (+0.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the SJP Ultrasonics IPO list on NSE and BSE?
The SJP Ultrasonics IPO is expected to list on 08 Oct 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the SJP Ultrasonics IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the SJP Ultrasonics IPO a mainboard or SME issue?
SJP Ultrasonics is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the SJP Ultrasonics IPO?
You can apply for the SJP Ultrasonics IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of SJP Ultrasonics IPO?
The GMP-implied price (unofficial, not a forecast) is ₹67: the upper price band of ₹67 plus the latest grey market premium of ₹0, as of 06 Oct 2026, 05:03 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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SJP Ultrasonics