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Sylvan Plyboard (India) Ltd IPO (Sylvan Plyboard IPO) Detail

June 24, 2024 - June 26, 2024

Sylvan Plyboard IPO is a fixed price issue of Rs 28.05 crores. The issue is entirely a fresh issue of 51 lakh shares.

Sylvan Plyboard IPO bidding started from June 24, 2024 and ended on June 26, 2024. The allotment for Sylvan Plyboard IPO was finalized on Thursday, June 27, 2024. The shares got listed on NSE SME on July 1, 2024.

Sylvan Plyboard IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.

Finshore Management Services Limited is the book running lead manager of the Sylvan Plyboard IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sylvan Plyboard IPO is Black Fox Financial.

Refer to Sylvan Plyboard IPO RHP for detailed information.

Sylvan Plyboard IPO Details

IPO Date June 24, 2024 to June 26, 2024
Listing Date July 1, 2024
Face Value ₹10 per share
Price ₹55 per share
Lot Size 2000 Shares
Total Issue Size5,100,000 shares
(aggregating up to ₹28.05 Cr)
Fresh Issue5,100,000 shares
(aggregating up to ₹28.05 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue14,274,830
Share holding post issue19,374,830
Market Maker portion256,000 shares
Black Fox Financial

Sylvan Plyboard IPO Reservation

Sylvan Plyboard IPO offers 5,100,000 shares. 2,422,000 (47.49%) to NII, 2,422,000 (47.49%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered256,000 (5.02%)
Other Shares Offered2,422,000 (47.49%)
Retail Shares Offered2,422,000 (47.49%)
Total Shares Offered5,100,000 (100%)

Sylvan Plyboard IPO Timeline (Tentative Schedule)

Sylvan Plyboard IPO opens on June 24, 2024, and closes on June 26, 2024.

IPO Open Date Monday, June 24, 2024
IPO Close Date Wednesday, June 26, 2024
Basis of Allotment Thursday, June 27, 2024
Initiation of Refunds Friday, June 28, 2024
Credit of Shares to Demat Friday, June 28, 2024
Listing Date Monday, July 1, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 26, 2024

Sylvan Plyboard IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹110,000
Retail (Max) 1 2000 ₹110,000
HNI (Min) 2 4,000 ₹220,000
Lot Size Calculator

Sylvan Plyboard IPO Promoter Holding

The promoters of the company are M/s. Singh Suppliers Private Limited, Mr Anand Kumar Singh, Mr Jai Prakash Singh, Mrs Shakuntala Singh and Mrs Kalyani Singh.

Share Holding Pre Issue 99.80%
Share Holding Post Issue 71.23%

About Sylvan Plyboard (India) Ltd

Incorporated in 2002, Sylvan Plyboard (India) Ltd is engaged in the manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thicknesses. The company has 223 Authorized Dealers present across 13 states.

The product range of the company consists of the following

  1. Plywood, Block Boards & Flush Doors
  2. Veneer
  3. Sawn Timber

The company's products meet the quality standards of the Bureau of Indian Standards (BIS), including IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. The company has also received ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) certifications for manufacturing and supplying Venner, Plywood, Block Board, and Flush Door.

The manufacturing facility of the company is situated in Hooghly, West Bengal.

The products are supplied to industries such as shipping, construction, real estate, interior decor, furniture, aviation, education, hospital, transport, banking, and government projects where plywood is needed for commercial and residential infrastructure.

As of June 2024, the company has a total of 817 employees at various departments.

Sylvan Plyboard (India) Ltd Financial Information (Restated)

Sylvan Plyboard (India) Ltd's revenue increased by 15.17% and profit after tax (PAT) rose by 15.57% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets21,726.7420,398.4718,142.3216,550.83
Revenue16,193.2419,915.3217,292.6311,028.91
Profit After Tax447.98352.85305.3137.09
Net Worth9,456.778,811.788,283.267,977.95
Reserves and Surplus8,029.287,882.147,374.057,068.74
Total Borrowing6,454.535,500.554,579.244,701.16
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sylvan Plyboard IPO is Rs 106.56 Cr.

KPI as of December 31, 2023.

KPI Values
ROE4.90%
ROCE7.56%
Debt/Equity0.68
RoNW4.74%
P/BV0.83
PAT Margin (%)2.77
Pre IPO Post IPO
EPS (Rs) 2.473.08
P/E (x) 22.2517.84
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Sylvan Plyboard IPO Objectives)

The Objects of the Issue are:

  1. Funding Capital Expenditure towards the purchase of additional plant and machinery
  2. To meet the Working Capital Requirements
  3. To meet the Issue Expenses
  4. General Corporate Purposes

Sylvan Plyboard IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. It marked steady growth in its top lines for the reported periods, but the sudden boost in its bottom lines from FY22 onwards raise eyebrows and sustainability. Based on FY24 super annualized earnings, the issue appears fully priced. Well-informed investors may park moderate fund for the long term rewards. Read detail review...


Sylvan Plyboard IPO Subscription Status (Bidding Detail)

The Sylvan Plyboard IPO is subscribed 84.03 times on June 26, 2024 6:19:58 PM. The public issue subscribed 84.11 times in the retail category, times in the QIB category, and 75.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other75.42
Retail84.11
Total84.03

Total Application : 101,854 (84.11 times)

Sylvan Plyboard IPO Prospectus

Sylvan Plyboard IPO Rating

2
1.0
Rating:Rated 1.0 stars
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Sylvan Plyboard IPO Listing Details

Listing Date July 1, 2024
BSE Script Code
NSE Symbol SYLVANPLY
ISIN INE01IH01015
Final Issue Price ₹55 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹55.00
₹66.00
₹62.70
₹69.30
₹69.30

Check IPO Performance…

Sylvan Plyboard (India) Ltd Contact Details

Sylvan Plyboard (India) Ltd
NH-2, Delhi Road, Champsara,
Chinnamore, Baidyabati
Hooghly – 712222
Phone: +91 33 4801 7916
Email: cs@sylvanply.com
Website: http://www.sylvanply.com/

Sylvan Plyboard IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Sylvan Plyboard IPO - Buy or Not

Sylvan Plyboard IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Sylvan Plyboard IPO FAQs

Sylvan Plyboard IPO is a SME IPO of 5,100,000 equity shares of the face value of ₹10 aggregating up to ₹28.05 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.

The IPO opens on June 24, 2024, and closes on June 26, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Sylvan Plyboard IPO using UPI as a payment gateway. Zerodha customers can apply in Sylvan Plyboard IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sylvan Plyboard IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sylvan Plyboard IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sylvan Plyboard IPO opens on June 24, 2024 and closes on June 26, 2024.

Sylvan Plyboard IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.

You can apply in Sylvan Plyboard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sylvan Plyboard IPO will be done on Thursday, June 27, 2024, and the allotted shares will be credited to your demat account by Friday, June 28, 2024. Check the Sylvan Plyboard IPO allotment status.

The Sylvan Plyboard IPO listing date is on July 1, 2024.
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Sylvan Plyboard IPO Message Board

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