Sylvan Plyboard IPO will open for subscription from 24 June 2024. The company aims for an issue size of ₹28.05 Cr through this IPO.
Company Overview
| Full name | Sylvan Plyboard (India) Ltd |
| Sector | Construction Materials |
| Industry | Wood & Wood Products |
| Company Website | https://sylvanply.com/ |
About Company
Established in 2002, Sylvan Plyboard (India) specializes in producing diverse wood products, including plywood, block board, flush doors, veneer, and sawn timber, available in various grades and thicknesses. The company also offers Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood. Sylvan Plyboard (India) markets its products under the brand name “Sylvan” through an extensive network of Authorized Dealers and Sub Dealers. As of 31 March 2024, the company boasts 223 Authorized Dealers spread across 13 states.
Sylvan Plyboard (India) offers over 12 plywood products, with thicknesses ranging from 4 mm to 40 mm. The plywood segment, which includes block boards and flush doors, accounts for approximately 81.74% of the company’s operational revenue. The company supplies its products majorly to West Bengal, Odisha, Uttar Pradesh, Maharashtra, and Andhra Pradesh.
The Objectives of the Issue
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Sylvan Plyboard IPO Timetable
| IPO Opening date | 24 June 2024 |
| IPO Closing | 26 June 2024 |
| Basis of Allotment | 27 June 2024 |
| Initiation Refund | 28 June 2024 |
| Credit to Demat Account | 28 June 2024 |
| Listing Date | 01 July 2024 |
Sylvan Plyboard IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹28.05 Cr – 5,100,000 shares |
| Fresh Issue | ₹28.05 Cr – 5,100,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹55 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 256,000 shares |
| Shareholding pre-issue | 14,274,830 |
| Shareholding post-issue | 19,374,830 |
| Listing Exchange | NSE SME |
Sylvan Plyboard IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Sylvan Plyboard Offer Documents
Sylvan Plyboard IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 108.89 | 171.82 | 198.07 | 160.79 |
| Expenses | 109.78 | 169.00 | 194.54 | 155.41 |
| Net income | 0.37 | 3.05 | 3.53 | 4.48 |
Sylvan Plyboard Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.41 | 3.36 | 3.80 |
| PE ratio | – | – | 14.47 |
| RONW (%) | 0.46 | 3.69 | 4.00 |
| NAV | – | – | 94.79 |
| EBITDA (%) | 7.40 | 6.13 | 6.62 |
| ROCE (%) | 4.82 | 6.56 | 7.53 |
| Debt/Equity | 0.59 | 0.55 | 0.62 |
Company Promoters
- M/s. Singh Suppliers Private Limited
- Mr Anand Kumar Singh
- Mr Jai Prakash Singh
- Mrs Shakuntala Singh
- Mrs Kalyani Singh.
Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | 71.23% |
Sylvan Plyboard Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 June 2024 | 32 | – | 45,000 |
| 26 June 2024 | 30 | – | 43,000 |
| 25 June 2024 | 28 | – | 41,500 |
| 24 June 2024 | 25 | – | 37,000 |
| 22 June 2024 | 15 | – | 23,000 |
| 21 June 2024 | 15 | – | 23,000 |
| 20 June 2024 | 12 | – | 18,000 |
Sylvan Plyboard IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 24,22,000 | 24,22,000 | 48,44,000 |
| 26 Jun 2024 | 75.52 | 84.11 | 79.82 |
| 25 Jun 2024 | 3.53 | 13.98 | 8.75 |
| 24 Jun 2024 | 0.92 | 2.59 | 1.76 |
Sylvan Plyboard IPO Allotment Status
Sylvan Plyboard IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Sylvan Plyboard IPO Listing Details
| Listing Date | |
| BSE Scrip Code | |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Sylvan Plyboard IPO Listing Day Update
| Listing Exchange | |
| Final Issue Price | |
| Open | |
| Low | |
| High | |
| Last Trade |
Sylvan Plyboard Lead Manager(s)
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
Sylvan Plyboard Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sylvan Plyboard Contact Details
SYLVAN PLYBOARD (INDIA) LIMITED
Adventz Infinity@5, Block-BN5, Office No. 802,
Sector-V, Salt Lake, Kolkata – 700091, West Bengal
Phone: +91 33 4801 7916
E-mail: cs@sylvanply.com
Website: www.sylvanply.com
Sylvan Plyboard IPO FAQs
What is the Sylvan Plyboard offer size?
Sylvan Plyboard’s offer size is ₹ 28.05 crores.
What is the Sylvan Plyboard offer price band?
Sylvan Plyboard’s public offer price is ₹ 55 per share.
What is the lot size of the Sylvan Plyboard Offer?
Sylvan Plyboard offer a lot size is 2,000 shares.
What is Sylvan Plyboard Offer GMP today?
Sylvan Plyboard IPO GMP today is ₹ 32 per share.
What is the Sylvan Plyboard kostak rate today?
Sylvan Plyboard kostak rate today is ₹ NA per application.
What is Sylvan Plyboard Subject to the Sauda rate today?
Sylvan Plyboard is Subject to the Sauda rate today is ₹ 45,000 per application.
Final thoughts
Sylvan Plyboard IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
