BSE SME SJP Ultrasonics builds on a solid debut

SJP Ultrasonics traded at Rs 75 on the BSE, representing a 11.94% premium over its issue price of Rs 67.

The scrip was listed at Rs 74.20, a premium of 10.75% to the IPO price. The stock is currently up 1.08% over its listing price.

The counter hit a high of Rs 77.91 and a low of Rs 73.10. About 5.38 lakh shares changed hands on the BSE.

SJP Ultrasonics' IPO was subscribed 1.78 times. The IPO opened for subscription on 30 September 2026 and closed on 5 October 2026. The issue price was fixed at Rs 67 per share.

The fixed-price issue comprised a fresh issue of 35 lakh shares aggregating Rs 23.45 crore, with no offer-for-sale (OFS) component.

Promoters Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh (HUF) held 79.51% of the company before the IPO. Their combined shareholding declined to 58% after the issue.

SJP Ultrasonics plans to use Rs 13.22 crore of the IPO proceeds towards capital expenditure for purchasing machinery. The company will utilise Rs 4.92 crore towards working capital requirements and Rs 3.05 crore towards general corporate purposes. Issue expenses are estimated at Rs 3.16 crore.

SJP Ultrasonics is engaged in providing end-to-end plastic joining and automation solutions. The company primarily serves the automotive industry and customers across medical, electrical, electronics, textile, FMCG, toys, gift and stationery, food and packaging, defence and educational sectors. Its business model is primarily business-to-business (B2B).

The company's business segments include plastic joining solutions, industrial automation and laser technology solutions. It provides specialised plastic welding and joining solutions and automation systems to manufacturers across various industries. As of 31 March 2026, SJP Ultrasonics had 84 employees.

For FY2026, SJP Ultrasonics reported total income of Rs 26.63 crore, compared with Rs 21.15 crore in FY2025, an increase of 25.86% YoY. PAT rose 25.66% YoY to Rs 5.24 crore from Rs 4.17 crore, while EBITDA increased 20.20% YoY to Rs 8.32 crore from Rs 6.93 crore. Total borrowings stood at Rs 5.78 crore as of 31 March 2026.

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