SJP Ultrasonic IPO

SJP Ultrasonics Limited was incorporated as SJP Ultrasonics Private Limited on January 27, 2012, under the Companies Act, 1956. The Company was subsequently converted into a Public Limited Company pursuant to resolutions passed in September and October 2023 and was renamed SJP Ultrasonics Limited on November 16, 2023.

The Company provides end-to-end plastic joining and industrial automation solutions, primarily serving the automotive industry along with medical, electrical, electronics, textile, FMCG, toys, gift & stationery, food & packaging, defence and educational sectors. Its business is primarily B2B, catering to manufacturers across these industries.

Its key business segments include plastic joining solutions, industrial automation and laser technology solutions. The Company operates its manufacturing facility in Vasai East, Palghar, Maharashtra.

The Company plans to enhance its in-house manufacturing capabilities and production efficiency through investments in equipment such as CNC machines, 6-axis robots, laser cutting and welding units, CMM machines, vibration welders, software and other manufacturing infrastructure.

End-to-End Plastic Welding Solutions: The company offers a start-to-finish service covering design, raw material selection, manufacture of welding machines and tools, installation, testing, commissioning and operational support. Its customers are mainly in the automotive industry, with others in medical, FMCG, white goods, textiles, electronics and agriculture.

Long-Standing Supplier Relationships: Long-standing ties with raw material and equipment suppliers give the company consistent access to quality inputs and reduce supply disruptions. Its top ten suppliers accounted for 68.23% of purchases in FY2026. The company also keeps alternate domestic suppliers for each key raw material and holds buffer inventory.

Established Customer Relationships: The company has built long-standing relationships with customers across India and credits its growth to this customer base. It plans to use these relationships to support future expansion while also working to widen its customer base across the industries it serves.

Dependence on Two Business Segments: Plastic Joining Solutions and Industrial Automation contributed ₹1,235.53 lakhs (46.52%) and ₹1,340.52 lakhs (50.48%) of FY2026 revenue. Weaker demand, pricing pressure or more competition in either segment could hurt the company's business, results of operations and financial condition.

Past EPF Act Non-Compliance: The company employed more than 20 people in the past but registered under the EPF Act only on June 15, 2024, and it did not pay the applicable contributions. No penalty has been imposed so far. It could still face fines, higher contributions for the default period and possible imprisonment of directors.

Past ESIC Act Non-Compliance: The company employed more than 10 people in the past but registered under the ESI Act only on June 15, 2024, and it did not pay the applicable contributions. It informed the authorities in August 2025, and no penalty has been imposed yet. Fines, additional contributions or action against directors remain possible.