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Sylvan Plyboard IPO vs Akiko Global IPO

Comparison between Sylvan Plyboard IPO and Akiko Global IPO.

IPO Details

Sylvan Plyboard IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Akiko Global IPO is a SME Bookbuilding proposed to list at NSE SME.

 Sylvan Plyboard IPOAkiko Global IPO
LogoSylvan Plyboard IPO LogoAkiko Global IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerBlack Fox Financial Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Akiko Global IPO is up to ₹21.95 Cr. The final issue price of Sylvan Plyboard IPO is ₹55.00 per share and of Akiko Global IPO is ₹77.00 per share.

 Sylvan Plyboard IPOAkiko Global IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹55.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size48,44,000 shares28,51,200 shares
Fresh Issue Size (Amount)up to ₹26.64 Crup to ₹21.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total48,44,000 shares28,51,200 shares
Issue Size Total (Amount)up to ₹26.64 Crup to ₹21.95 Cr

IPO Timetable

Sylvan Plyboard IPO opens on Jun 24, 2024, while Akiko Global IPO opens on Jun 25, 2024. The closing date of Sylvan Plyboard IPO and Akiko Global IPO is Jun 26, 2024, and Jun 27, 2024, respectively.

 Sylvan Plyboard IPOAkiko Global IPO
Anchor Bid DateJun 24, 2024
Issue OpenJun 24, 2024Jun 25, 2024
Issue CloseJun 26, 2024Jun 27, 2024
Basis Of Allotment (Tentative)Jun 27, 2024Jul 01, 2024
Initiation of Refunds (Tentative)Jun 28, 2024Jul 01, 2024
Credit of Share (Tentative)Jun 28, 2024Jul 01, 2024
Listing date (Tentative)Jul 01, 2024Jul 02, 2024
Anchor Lockin End date 1Jul 31, 2024
Anchor Lockin End date 2Sep 29, 2024

Financials & KPIs

Sylvan Plyboard IPO P/E ratio is 22.25, as compared to Akiko Global IPO P/E ratio of 13.2.

 Sylvan Plyboard IPOAkiko Global 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

Akiko Global Services Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,794.911,130.87405.67234.88
Total Income2,609.763,958.971,353.31610.78
Profit After Tax321.48453.2677.8522.98
Net Worth1,403.37578.40123.1445.29
Reserves and Surplus626.57574.40121.1443.29
Total Borrowing122.0595.8926.1349.62
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.8092.77
Promoter Shareholding (Post-Issue)71.2366.91
P/E Ratio22.2513.2
Market Cap₹106.56 Cr.₹82.93 Cr.
ROE4.90%32.44%
ROCE7.56%29.23%
Debt/Equity0.680.09
EPS₹2.47₹5.83
RoNW4.74%22.91%

Shares Offered

In the Sylvan Plyboard IPO Retail Individual Investors (RII) are offered 24,22,000 shares while in Akiko Global IPO retail investors are offered 24,22,000 shares. Qualified Institutional Buyers (QIB) are offered in Sylvan Plyboard IPO and 5,69,600 shares in Akiko Global IPO.

 Sylvan Plyboard IPOAkiko Global IPO
Anchor Investor Reserveration8,54,400 shares
Market Maker Reserveration2,56,000 shares1,50,400 shares
QIB5,69,600 shares
NII24,22,000 shares4,28,800 shares
RII24,22,000 shares9,98,400 shares
Employee
Others
Total48,44,000 shares28,51,200 shares

Bids Received (Subscription)

Sylvan Plyboard IPO subscribed 84.03x in total, whereas Akiko Global IPO subscribed 34.96x.

 Sylvan Plyboard IPOAkiko Global IPO
QIB (times)10.21x
NII (times)75.42x48.05x
Big NII (times)
Small NII (times)
RII (times)84.11x45.57x
Employee (times)
Other (times)
Total (times)84.03x34.96x