SJP Ultrasonic IPO

GMP History

Financial Performance

As disclosed by SJP Ultrasonic in its offer document.

Strengths and risks

Taken from SJP Ultrasonic's own offer document — not Arthneeti's assessment.

• ✓The company provides end-to-end plastic welding solutions, covering design and engineering, equipment supply, testing, installation, commissioning, and maintenance. It also undertakes feasibility studies and machinery design based on customers’ production requirements.
• !The company had outstanding financial indebtedness of Rs 6.49 crore as of September 10, 2026. Failure to service or repay its borrowings on time could adversely affect the company’s business, financial condition, and cash flows.
• ✓The company offers a range of specialised machinery and tools across three product categories. These include ultrasonic, vibration, hot plate, spin and heat staking welding machines; robotics, pick-and-place, rotary, conveyor and assembly-line automation; and laser marking, welding and cutting machines.
• !The company had trade receivables of Rs 9.78 crore as of March 31, 2026. Delay or failure in collecting these receivables could increase working capital requirements and adversely affect the company’s cash flows and financial condition.

About SJP Ultrasonic

SJP Ultrasonics is a provider of plastic joining and automation solutions, primarily serving the automotive, medical, electrical, electronics, textile, FMCG, toys, food and packaging, defence, and educational industries. Its business is divided into three segments: plastic joining solutions, industrial automation, and laser technology solutions. The company manufactures machinery, tools, and automated processes and also coordinates the procurement of ultrasonic and vibration welding machines through associations with international manufacturers. Its design and engineering team works on machinery design and feasibility studies for customer requirements. The company operates a manufacturing facility at Vasai East, Palghar, Maharashtra, where its design and quality teams are also based. It also has offices and demonstration centres in Vasai and Pune in Maharashtra, Gurugram in Haryana, and Chennai in Tamil Nadu. The company primarily follows a business-to-business model and supplies products and services to manufacturers across various industries in India.