SJP Ultrasonics IPO
SJP Ultrasonics LtdSME
This IPO opens on 30 Sep 2026.
- Open date
- 30 Sep 2026
- Close date
- 5 Oct 2026
- Min. Investment
- ₹2,68,000
- Lot Size
- -
- Fresh Issue
- ₹23.45 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Current step: IPO open date30 Sep 2026
- Upcoming: IPO close date5 Oct 2026
- Upcoming: Allotment date6 Oct 2026
- Upcoming: Funds unblock or debit7 Oct 2026
- Upcoming: Tentative listing date8 Oct 2026
About
Promoter shareholding in SJP Ultrasonics Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Jignesh Pravinchandra Parekh | 33,99,357 | 36.01% | 33,99,357 | 26.27% |
| Rupal Jignesh Parekh | 32,76,285 | 34.71% | 32,76,285 | 25.32% |
| Parth Jignesh Parekh | 2,75,000 | 2.91% | 2,75,000 | 2.13% |
| Parthvi Jignesh Parekh | 5,50,000 | 5.83% | 5,50,000 | 4.25% |
| Jignesh Pravinchandra Parekh H | 5,000 | 0.05% | 5,000 | 0.04% |
SJP Ultrasonics IPO Strengths & Risks
- A start to finish plastic welding solution provider offering diverse and comprehensive service offerings.
- Long standing relations with raw material and equipment suppliers.
- Long-standing relationships with established customers, with potential to expand our customer base.
- Diverse range of specialised plastic products across varied industry segments.
- Experienced Promoters and senior management team.
- Risks Relating to the Business: The company derives a significant portion of its revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation. Any decline in the revenue generated from these two business segments could have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15, 2024 and consequently had violated the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952.
- Risks Relating to the Business: The Company was not registered under the Employees State Insurance Act, 1948 until June 15, 2024 and consequently had violated the provisions of the Employees State Insurance Act, 1948.
- Risks Relating to the Business: A significant portion of the company's revenue is generated from its limited number of large customers and if the company is unable to maintain its relationship with such customers or if there is a reduction in their demand for the company's services/ products. The company's business, results of operations and financial condition will be materially and adversely affected. Further, these large customers exercise substantial negotiating leverage with the company, which could adversely impact its results of operations.
- Risks Relating to the Business: The company does not have contractual agreements with suppliers for its raw materials and equipment suppliers and an increase in the cost of or a shortfall in the availability of raw materials and equipments etc. could have an adverse effect on the company's business and results of operations
- Risks Relating to the Business: The company generates the company's considerable portion of turnover from its operations in certain geographical regions and any adverse developments affecting the company's operations in these regions could have an adverse impact on the company's revenue and results of operations.
- Risks Relating to the Business: Increase in the prices of raw materials and fluctuations may adversely impact its business, financial condition and operational results.
- Risks Relating to the Business: The company requires certain approvals or licenses in the ordinary course of business, and the failures to renew, obtain, or retain them in a timely manner, or at all, may adversely affect its operations.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, the company's Directors and our Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company's Business is dependent on the company's factory. Any disruption, breakdown or failures of machinery, disruption to power sources or any temporary shutdown of its factory, may have a material adverse effect on the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- Risks Relating to the Business: The company is heavily dependent on the company's Promoter and Key Management Personnel for the continued success of the company's business through their continuing services and strategic guidance and support.
- Risks Relating to the Business: None of the company's Directors possess experience of being on the board of any listed company.
- Risks Relating to the Business: The company's inability to procure and/or maintain adequate insurance cover in connection with its business may adversely affect the company's operations and profitability.
- Risks Relating to the Business: The company has not yet applied for the registration of its logo. If the company fails to obtain registration its brand building efforts may be hampered which might lead to adverse effect on the company's business.
- Risks Relating to the Business: The company's failure to adapt to technological developments or industry trends could affect the performance and features of the company's products and services, and reduce its attractiveness to the company's customers.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company's Promoter Group entity, SJP Ultrasonics Advance Technology has conflict of interest as it is engaged in similar business.
- Risks Relating to the Business: There have been instances of delays in payment of statutory dues, i.e. GST, ESIC and EPF by the Company. In case of any delay in payment of statutory due in future by the Company, the Regulatory Authorities may impose monetary penalties on the company or take certain punitive actions against the Company in relation to the same which may have adverse impact on the company's business, financial condition and results of operations
- Risks Relating to the Business: There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC. Further, there have been instances in the past wherein the Company failed to comply with the provisions of the Companies Act, 2013 while undertaking certain corporation actions, in relation to the allotments made by the Company.
- Risks Relating to the Business: The company's inability to effectively manage its growth could have an adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: The Company is yet to place orders for machinery proposed to be purchased to enhance the company's in-house manufacturing facility and increase production efficiency. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of purchasing such machinery.
- Risks Relating to the Business: The cost estimates for the proposed capital expenditure to be incurred for purchase of machinery have been derived from internal estimates of the company's management and may not be accurate.
- Risks Relating to the Business: The company's business is working capital intensive and Inventories and trade receivables form a major part of the company's current assets. Failures to manage its inventory and trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: The Company requires significant amount of working capital for a continuing growth. The company's inability to meet its working capital requirements may adversely affect the company's results of operations.
- Risks Relating to the Business: Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- Risks Relating to the Business: The company is dependents on third party logistic providers for the delivery of raw materials and finished products and any disruptions in their services may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company operates the company's business from rented premises. Disruption of its rights as licensee/ lessee or termination of the agreements with the company's licensors/ lessors would adversely impact its operations and, consequently, our business.
- Risks Relating to the Business: The company's Promoters have extended personal guarantees with respect to loan facilities availed by the Company. Further, the company's Promoters have also extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.
- Risks Relating to the Business: The company's Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price
- Risks Relating to the Business: The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by the company, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised..
- Risks Relating to the Business: The Company has availed certain unsecured loans from its Promoter, which are recallable in nature.
- Risks Relating to the Business: In addition to the company's existing indebtedness for its existing operations, the company may incur further indebtedness during the course of business. The company cannot's assure that we would be able to service its existing and/ or additional indebtedness.
- Risks Relating to the Business: The activities carried out at the company's manufacturing facilities can cause injury to people or property in certain circumstances.
- Risks Relating to the Business: If the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
- Risks Relating to the Business: Industry information included in this Draft Prospectus has been derived from an industry report issued by Dun & Bradstreet dated August 26, 2025 ("D&B Report"). There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Risks Relating to the Business: The company operates in a competitive market, and the scale and resources of some of its competitors may allow them to compete more effectively than the company cans, which could result in a loss of the company's market share and a decrease in the company's net revenues and profitability.
- Risks Relating to the Business: The company's ability to pay dividends in the future may be affected by any material adverse effect on the company's future earnings, financial condition or cash flows.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of the company's Management and the company's Board of Directors, though it shall be monitored by its Audit Committee.
- Risks Relating to the Business: The company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Issue. The company's funding requirements and deployment of the Net Proceeds of the Issue are based on management estimates and have not been independently appraised.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The company coulds be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- Risks Relating to the Business: The company's Promoter will continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: The requirements of being a listed company may strain its resources.
- Risks Relating to the Business: Delay in raising funds from the IPO could adversely impact the implementation schedule.
- Risks Relating to the Business: The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Risks Relating to the Business: The Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by the company's Promoters or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may adversely affect the value of the company's Equity Shares, independent of its operating results.
- Risks Relating to the Business: Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
- Risks Relating to the Business: Any issuance or sale of the Equity Shares by any existing shareholder could significantly affect the trading price of the Equity Shares.
- Risks Relating to the Business: The Equity Shares issued pursuant to the Issue may not be listed on BSE in a timely manner, or at all.
- Risks Relating to the Business: There is no existing market for the company's Equity Shares, and the company does not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.
- Risks Relating to the Business: The price of the Equity Shares may be highly volatile after the Issue
- Risks Relating to the Business: You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.
