Fixed Price IPO | ₹28 Cr | Listed at NSE SME | Mon, Jun 24, 2024 - Wed, Jun 26, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 24, 2024
IPO Close
Wed, Jun 26, 2024
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹106.56 Cr
| IPO Date | 24 to 26 Jun, 2024 |
| Listed on | Mon, Jul 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,00,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 2,56,000 shares Black Fox Financial Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 48,44,000 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 48,44,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 1,42,74,830 shares |
| Share Holding Post Issue | 1,93,74,830 shares |
| NSE Symbol | SYLVANPLY |
| ISIN | INE01IH01015 |
Sylvan Plyboard IPO comprises a total issue size of 51,00,000 shares. The net offer to the public is 48,44,000 shares, after excluding 2,56,000 shares allotted on a firm basis. Of the Net offer 24,22,000 (50.00%) allocated to NII 24,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,22,000 | 50.00% | 47.49% |
| Retail Shares Offered | 24,22,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,56,000 | 5.02% | |
| Total Shares Offered | 51,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 217.27 | 203.98 | 181.42 | 165.51 |
| Total Income | 161.93 | 199.15 | 172.93 | 110.29 |
| Profit After Tax | 4.48 | 3.53 | 3.05 | 0.37 |
| NET Worth | 94.57 | 88.12 | 82.83 | 79.78 |
| Reserves and Surplus | 80.29 | 78.82 | 73.74 | 70.69 |
| Total Borrowing | 64.55 | 55.01 | 45.79 | 47.01 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 3.71 |
| 2 | Working Capital Requirements | 16.93 |
| 3 | Issue Related Expenses | 3.10 |
| 4 | General Corporate Expenses | 4.30 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 2.47 | 3.08 |
| P/E (x) | 22.25 | 17.84 |
| Promoter Holding | 99.80% | 71.23% |
| Market Cap | ₹106.56 Cr. |
The Sylvan Plyboard IPO is subscribed 84.03 times on June 26, 2024 6:19:58 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 75.42 | 24,22,000 | 18,26,60,000 |
| Retail | 84.11 | 24,22,000 | 20,37,08,000 |
| Total | 84.03 | 48,44,000 | 40,70,54,000 |
Total Application : 1,01,854
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.98 |
| 2 | Regulators Including Stock Exchanges | 0.16 |
| 3 | Advertising and Marketing Expenses | 1.96 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹66.00 |
| Low | ₹62.70 |
| High | ₹69.30 |
| Last Trade | ₹69.30 |
Lead Manager Reports
Sylvan Plyboard IPO is a SME IPO of 51,00,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 24, 2024, and closes on Wed, Jun 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 Mon, Jun 24, 2024 and closes on Wed, Jun 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 Fri, Jun 28, 2024. Check the Sylvan Plyboard IPO allotment status.
The Sylvan Plyboard IPO listing date is on Mon, Jul 1, 2024.
