SJP Ultrasonic (SME IPO)
📅 Dates: 30 Sep - 05 Oct • 💰 Issue Size: 35,00,000 shares (agg. up to ₹23 Cr)Complete guide to SJP Ultrasonic SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (SME) |
| Issue Dates | 30 Sep - 05 Oct |
| Price Band | TBA |
| Total Issue Size | 35,00,000 shares (agg. up to ₹23 Cr) |
| Minimum Market Lot | TBA / Not Announced |
| Listing Price (Debut) | ₹74.20 (+₹7.20 (+10.75%) 🚀) |
| Subscription Status | 1.82x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐☆☆☆ (2/5 - Low / Mild Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 0.00x |
| Non-Institutional / HNI | 1.86x |
| Retail Individual (RII) | 1.00x |
| Total Subscription | 1.82x (Updated: 08 Oct, 17:37) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
SJP Ultrasonic designs, manufactures and sells plastic welding, laser‑based joining and automation equipment to OEMs and contract manufacturers. Its customers—automotive, medical, electronics, FMCG and other B2B users—pay upfront for the machines and later for service, spare parts and upgrades.🚀 Key Strengths & Growth Drivers
• Deep supplier and customer relationships give it a steady pipeline of repeat orders and low switching cost.• Certified quality and rigorous testing let it command premium pricing in regulated sectors such as medical and defence.
• Rising demand for lightweight, recyclable plastic components across automotive and packaging fuels a long‑term market tailwind.
⚠️ Key Risks & Red Flags
• Concentrated sales to a handful of large OEMs could hurt earnings if any one contract is delayed or cancelled.• Working‑capital intensity is high; inventory and receivables can balloon during order‑book spikes, stressing cash flow.
• As an SME, access to cheap long‑term financing is limited, making it vulnerable to interest‑rate hikes or credit tightening.
🎯 Retail Verdict
The IPO offers exposure to a niche but growing segment of industrial automation, but the business’s size and balance‑sheet constraints keep it in the higher‑risk camp. It may suit investors looking for a speculative play on sector tailwinds, not a stable, long‑term compounder. Proceed with caution and keep an eye on order‑book diversification.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Wed, Sep 30, 2026 |
| IPO Close | Mon, Oct 5, 2026 |
| Allotment | Tue, Oct 6, 2026 |
| Refund | Wed, Oct 7, 2026 |
| Credit of Shares | Wed, Oct 7, 2026 |
| Listing | Thu, Oct 8, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,68,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,68,000 |
| HNI (Min) | 3 | 6000 | ₹4,02,000 |
💰 Financial Summary
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 27.06 | 16.97 | 12.77 |
| Total Income | 21.15 | 15.22 | 11.53 |
| Profit After Tax | 4.17 | 3.40 | 1.41 |
| EBITDA | 6.84 | 5.42 | 2.71 |
| NET Worth | 14.85 | 6.63 | 3.13 |
| Reserves and Surplus | 5.41 | 5.63 | 2.23 |
| Total Borrowing | 2.41 | 2.01 | 1.54 |
| Amount in ₹ Crore |
🏢 About SJP Ultrasonic
SJP Ultrasonic provides end‑to‑end plastic joining and automation solutions to manufacturers across multiple sectors. Its portfolio includes plastic welding systems, industrial automation equipment and laser‑based technologies, serving automotive, medical, electrical, electronics, textile, FMCG, toys, gift & stationery, food & packaging, defence and educational institutions.Operating on a business‑to‑business model, the firm leverages long‑standing relationships with raw‑material and equipment suppliers as well as established customers, enabling a diversified range of specialised plastic products. Its offerings are underpinned by recognised quality certifications and rigorous testing protocols.
💬 Community Discussion & Views
Are you planning to apply for the SJP Ultrasonic IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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