Sylvan Plyboard IPO vs Winny Immigration IPO

Comparision between Sylvan Plyboard IPO and Winny Immigration IPO.

IPO Details

Sylvan Plyboard IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Sylvan Plyboard IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Black Fox Financial Private Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sylvan Plyboard IPO is up to ₹28.05 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of Sylvan Plyboard IPO is ₹55.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	Sylvan Plyboard IPO	Winny Immigration IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹55.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	51,00,000 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹28.05 Cr	up to ₹9.13 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	51,00,000 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹28.05 Cr	up to ₹9.13 Cr

IPO Timetable

Sylvan Plyboard IPO opens on Jun 24, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of Sylvan Plyboard IPO and Winny Immigration IPO is Jun 26, 2024, and Jun 24, 2024, respectively.

	Sylvan Plyboard IPO	Winny Immigration IPO
Anchor Bid Date
Issue Open	Jun 24, 2024	Jun 20, 2024
Issue Close	Jun 26, 2024	Jun 24, 2024
Basis Of Allotment (Tentative)	Jun 27, 2024	Jun 25, 2024
Initiation of Refunds (Tentative)	Jun 28, 2024	Jun 26, 2024
Credit of Share (Tentative)	Jun 28, 2024	Jun 26, 2024
Listing date (Tentative)	Jul 01, 2024	Jun 27, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Sylvan Plyboard IPO P/E ratio is 22.25, as compared to Winny Immigration IPO P/E ratio of 54.12.

Sylvan Plyboard IPO

Winny Immigration IPO

Financial

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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	21,726.74	20,398.47	18,142.32	16,550.83
Revenue	16,193.24	19,915.32	17,292.63	11,028.91
Profit After Tax	447.98	352.85	305.31	37.09
Net Worth	9,456.77	8,811.78	8,283.26	7,977.95
Reserves and Surplus	8,029.28	7,882.14	7,374.05	7,068.74
Total Borrowing	6,454.53	5,500.55	4,579.24	4,701.16
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.80%

83.63%

Promoter Shareholding (Post-Issue)

71.23%

58.51%

P/E Ratio

22.25

54.12

Market Cap

₹106.56 Cr.

₹30.38 Cr.

ROE

4.90%%

18.60%%

ROCE

7.56%%

15.74%%

Debt/Equity

0.68

0.9

EPS

₹2.47

₹2.59

RoNW

4.74%%

17.02%%

Shares Offered

In the Sylvan Plyboard IPO retail investors (RII) are offered 24,22,000 shares while in Winny Immigration IPO retail investors are offered 24,22,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sylvan Plyboard IPO and 0 shares in Winny Immigration IPO.

	Sylvan Plyboard IPO	Winny Immigration IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,56,000 shares	34,000 shares
QIB	0 shares	0 shares
NII	24,22,000 shares	3,09,000 shares
RII	24,22,000 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	48,44,000 shares	6,18,000 shares

Bids Received (Subscription)

Sylvan Plyboard IPO subscribed 84.03x in total, whereas Winny Immigration IPO subscribed 154.67x.

	Sylvan Plyboard IPO	Winny Immigration IPO
QIB (times)
NII (times)	75.42x	109.65x
Big NII (times)
Small NII (times)
RII (times)	84.11x	190.66x
Employee (times)
Other (times)
Total (times)	84.03x	154.67x

Compare with others

Sylvan Plyboard IPO	Winny Immigration IPO
Nephro Care India IPO	Petro Carbon and Chemicals IPO
Diensten Tech IPO	Sylvan Plyboard IPO
Visaman Global Sales IPO	Shivalic Power Control IPO
Mason Infratech IPO	Divine Power IPO
Petro Carbon and Chemicals IPO	The Money Fair IPO
Shivalic Power Control IPO	Medicamen Organics IPO
Divine Power IPO	EnNutrica IPO
The Money Fair IPO	Falcon Technoprojects India IPO
Winny Immigration IPO	Durlax Top Surface IPO
Medicamen Organics IPO	GEM Enviro IPO

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