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SJP Ultrasonics Ltd
EngineeringIPOSME
₹67 - 67
Company is an end-to-end plastic joining solution providers and automation experts, offering specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging & Educational Institutes. Owing to company's customised offerings, Company has curated the following major revenue streams and business segments: 1. Plastic joining solutions 2. Industrial automation 3. Laser technology solutions
Lot2,000Min Invest₹2,68,000Face Value₹10Issue Size₹23 CrFresh Issue₹23 CrListing Price₹74CMP₹96
Timeline
30 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹23 Cr0.35 Cr shares
Fresh Issue₹23 Cr
Face Value₹10
Lot Size2,000 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,68,0001-1 lots
sNII₹2,68,000from 2 lots
bNII₹10,72,000from 8 lots
Managers & Registrar
Lead ManagerKhandwala Securities Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group79.51%58.01%Public20.49%41.99%
Objects of the Issue
- Funding Capital Expenditure towards the Purchase of Machineries
- Funding working capital requirements of the Company
- General corporate purposes
Anchor Book
30-day lock-in04-Nov-202690-day lock-in03-Jan-2027
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 11 | 15 | 21 | 27 |
| Operating ProfitCr | 3 | 5 | 7 | 8 |
| OPM% | 23.6 | 35.6 | 32.5 | 31.1 |
| PBTCr | 2 | 5 | 6 | 7 |
| PATCr | 1 | 3 | 4 | 5 |
| EPS | 3 | 6 | 7 | - |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 9 | - |
| ReservesCr | 2 | 6 | 5 | - |
| BorrowingsCr | 2 | 2 | 2 | - |
| Total AssetsCr | 13 | 17 | 27 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -1 | 0 | -4 | -4 |
| Investing Cash FlowCr | 0 | 0 | -1 | 0 |
| Financing Cash FlowCr | 0 | 0 | 5 | 3 |
| Net Cash FlowCr | -1 | 0 | 0 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Incur Capital Expenditure towards the Purchase of Machineries.
- Increasing penetration in markets.
- Leveraging of our marketing skills and relationships.
- Effective working capital management to increase financial efficiency.
Risks · as stated in the DRHP
- 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.
- 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.
- 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.
- 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.
- 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
- 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.