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Sylvan Plyboard IPO is a fixed price issue of ₹28.05 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹28.05 crore.
Sylvan Plyboard IPO bidding started from Jun 24, 2024 and ended on Jun 26, 2024. The allotment for Sylvan Plyboard IPO was finalized on Jun 27, 2024. The shares got listed on NSE SME on Jul 1, 2024.
Sylvan Plyboard IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Sylvan Plyboard IPO RHP for detailed Information.
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | July 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,00,000 shares (aggregating up to ₹28.05 Cr) |
| Reserved for Market Maker | 2,56,000 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹1.41 Cr) |
| Net Offered to Public | 48,44,000 shares (aggregating up to ₹26.64 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,42,74,830 shares |
| Share Holding Post Issue | 1,93,74,830 shares |
Sylvan Plyboard IPO offers total 51,00,000 shares. Out of which 24,22,000 (47.49%) allocated to NII, 24,22,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,56,000 (5.02%) |
| NII (HNI) Shares Offered | 24,22,000 (47.49%) |
| Retail Shares Offered | 24,22,000 (47.49%) |
| Total Shares Offered | 51,00,000 (100.00%) |
Sylvan Plyboard IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Mon, Jun 24, 2024 |
| IPO Close Date | Wed, Jun 26, 2024 |
| Tentative Allotment | Thu, Jun 27, 2024 |
| Initiation of Refunds | Fri, Jun 28, 2024 |
| Credit of Shares to Demat | Fri, Jun 28, 2024 |
| Tentative Listing Date | Mon, Jul 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 26, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹106.56 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 4.90% |
| ROCE | 7.56% |
| Debt/Equity | 0.68 |
| RoNW | 4.74% |
| PAT Margin | 2.77% |
| Price to Book Value | 0.83 |
| 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...
| Listing Date | July 1, 2024 |
| BSE Script Code | |
| NSE Symbol | SYLVANPLY |
| ISIN | INE01IH01015 |
| Final Issue Price | ₹55 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹66.00 |
| Low | ₹62.70 |
| High | ₹69.30 |
| Last Trade | ₹69.30 |
Sylvan Plyboard (India) Ltd.
NH-2, Delhi Road, Champsara,
Chinnamore, Baidyabati
Hooghly – 712222
Baidyabati, West Bengal
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
Sylvan Plyboard IPO is a SME IPO of 51,00,000 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.
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, and the minimum amount required for application is ₹1,10,000.
You can apply in Sylvan Plyboard IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, July 1, 2024.
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