Sylvan Plyboard IPO

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 nameSylvan Plyboard (India) Ltd
SectorConstruction Materials
IndustryWood & Wood Products
Company Website

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 date24 June 2024
IPO Closing26 June 2024
Basis of Allotment27 June 2024
Initiation Refund28 June 2024
Credit to Demat Account28 June 2024
Listing Date01 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 26, 2024)

Sylvan Plyboard IPO details

Issue typeBook Built Issue IPO
IPO issue size₹28.05 Cr – 5,100,000 shares
Fresh Issue₹28.05 Cr – 5,100,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹55 per share
Lot size2000 Shares
Market Maker portion256,000 shares
Shareholding pre-issue14,274,830
Shareholding post-issue19,374,830
Listing ExchangeNSE SME

Sylvan Plyboard IPO Lot Size

Retail (Min)12000₹110,000
Retail (Max)12000₹110,000
HNI (Min)24,000₹220,000

Sylvan Plyboard Offer Documents

Sylvan Plyboard IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered256,000 (5.02%)
Other Shares Offered2,422,000 (47.49%)
Retail Shares Offered2,422,000 (47.49%)
Total Shares Offered5,100,000 (100%)

Sylvan Plyboard Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.373.053.534.48
(Amount in ₹ Crores)

Sylvan Plyboard Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.47
RONW (%)0.463.694.00
EBITDA (%)7.406.136.62
ROCE (%)4.826.567.53

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 Holding99.80%
Post Issue Share Holding71.23%

Sylvan Plyboard Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
27 June 20243245,000
26 June 20243043,000
25 June 20242841,500
24 June 20242537,000
22 June 20241523,000
21 June 20241523,000
20 June 20241218,000

Sylvan Plyboard IPO Subscription Update

Shares Offered24,22,00024,22,00048,44,000
26 Jun 202475.5284.1179.82
25 Jun 20243.5313.988.75
24 Jun 20240.922.591.76
(The market maker reservation portion of 2,56,000 shares is not included)

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
Final Issue Price

Sylvan Plyboard IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Sylvan Plyboard Lead Manager(s)

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

Sylvan Plyboard Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Sylvan Plyboard Contact Details

Adventz Infinity@5, Block-BN5, Office No. 802,
Sector-V, Salt Lake, Kolkata – 700091, West Bengal
Phone: +91 33 4801 7916

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

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