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Sylvan Plyboard IPO vs Visaman Global Sales IPO

Comparison between Sylvan Plyboard IPO and Visaman Global Sales IPO.

IPO Details

Sylvan Plyboard IPO is a SME Fixed Price IPO proposed to list at NSE SME while Visaman Global Sales IPO is a SME Fixed Price proposed to list at NSE SME.

 Sylvan Plyboard IPOVisaman Global Sales IPO
LogoSylvan Plyboard IPO LogoVisaman Global Sales IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerBlack Fox Financial Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sylvan Plyboard IPO is up to ₹26.64 Cr whereas the issue size of the Visaman Global Sales IPO is up to ₹15.22 Cr. The final issue price of Sylvan Plyboard IPO is ₹55.00 per share and of Visaman Global Sales IPO is ₹43.00 per share.

 Sylvan Plyboard IPOVisaman Global Sales IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹55.00 per share₹43.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size48,44,000 shares35,40,000 shares
Fresh Issue Size (Amount)up to ₹26.64 Crup to ₹15.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total48,44,000 shares35,40,000 shares
Issue Size Total (Amount)up to ₹26.64 Crup to ₹15.22 Cr

IPO Timetable

Sylvan Plyboard IPO opens on Jun 24, 2024, while Visaman Global Sales IPO opens on Jun 24, 2024. The closing date of Sylvan Plyboard IPO and Visaman Global Sales IPO is Jun 26, 2024, and Jun 26, 2024, respectively.

 Sylvan Plyboard IPOVisaman Global Sales IPO
Anchor Bid Date
Issue OpenJun 24, 2024Jun 24, 2024
Issue CloseJun 26, 2024Jun 26, 2024
Basis Of Allotment (Tentative)Jun 27, 2024Jun 27, 2024
Initiation of Refunds (Tentative)Jun 28, 2024Jun 28, 2024
Credit of Share (Tentative)Jun 28, 2024Jun 28, 2024
Listing date (Tentative)Jul 01, 2024Jul 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sylvan Plyboard IPO P/E ratio is 22.25, as compared to Visaman Global Sales IPO P/E ratio of 38.25.

 Sylvan Plyboard IPOVisaman Global Sales IPO
Financials

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
Total Income16,193.2419,915.3217,292.6311,028.91
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

Visaman Global Sales Limited Financial Information (Restated)

Visaman Global Sales Limited's revenue increased by 16.04% and profit after tax (PAT) rose by 19.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,001.695,863.953,982.422,727.20
Total Income20,691.3937,605.0132,407.2913,636.19
Profit After Tax101.61113.3394.6633.47
Net Worth1,095.31993.70660.38565.72
Reserves and Surplus395.31293.70180.3885.72
Total Borrowing5,690.854,345.691,386.10710.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.80100.00
Promoter Shareholding (Post-Issue)71.2372.98
P/E Ratio22.2538.25
Market Cap₹106.56 Cr.₹59.39 Cr.
ROE4.90%9.28%
ROCE7.56%8.02%
Debt/Equity0.685.20
EPS₹2.47₹1.12
RoNW4.74%9.28%

Shares Offered

In the Sylvan Plyboard IPO Retail Individual Investors (RII) are offered 24,22,000 shares while in Visaman Global Sales IPO retail investors are offered 24,22,000 shares. Qualified Institutional Buyers (QIB) are offered in Sylvan Plyboard IPO and in Visaman Global Sales IPO.

 Sylvan Plyboard IPOVisaman Global Sales IPO
Anchor Investor Reserveration
Market Maker Reserveration2,56,000 shares1,92,000 shares
QIB
NII24,22,000 shares17,70,000 shares
RII24,22,000 shares17,70,000 shares
Employee
Others
Total48,44,000 shares35,40,000 shares

Bids Received (Subscription)

Sylvan Plyboard IPO subscribed 84.03x in total, whereas Visaman Global Sales IPO subscribed 42.20x.

 Sylvan Plyboard IPOVisaman Global Sales IPO
QIB (times)
NII (times)75.42x28.12x
Big NII (times)
Small NII (times)
RII (times)84.11x51.54x
Employee (times)
Other (times)
Total (times)84.03x42.20x