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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. Sylvan Plyboard IPO will list on NSE SME with tentative listing date fixed as Monday, 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.
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,100,000 shares (aggregating up to ₹28.05 Cr) |
| Fresh Issue | 5,100,000 shares (aggregating up to ₹28.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,274,830 |
| Share holding post issue | 19,374,830 |
| Market Maker portion | 256,000 shares Black Fox Financial |
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 Offered | 256,000 (5.02%) |
| Other Shares Offered | 2,422,000 (47.49%) |
| Retail Shares Offered | 2,422,000 (47.49%) |
| Total Shares Offered | 5,100,000 (100%) |
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 |
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 | |||
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% |
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
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'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 | ||||
The market capitalization of Sylvan Plyboard IPO is Rs 106.56 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 4.90% |
| ROCE | 7.56% |
| Debt/Equity | 0.68 |
| RoNW | 4.74% |
| P/BV | 0.83 |
| PAT Margin (%) | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.47 | 3.08 |
| P/E (x) | 22.25 | 17.84 |
The Objects of the Issue are:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 75.42 |
| Retail | 84.11 |
| Total | 84.03 |
Total Application : 101,854 (84.11 times)
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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