IPO

Sylvan Plyboard (India) Ltd IPO

NSE SME

Listed On: Jul 1, 2024 at ₹ 66.0

₹ 220000 /4000 Shares
*Min Investment

Check Allotment

24 Jun, 2024

Open Date

26 Jun, 2024

Close Date

27 Jun, 2024

Allotment Date

01 Jul, 2024

Listing Date
Sylvan Plyboard (India) Ltd IPO Issue Details
  • Issue Price ₹55 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 51,00,000 shares(aggregating up to ₹28.05 crore)
  • Fresh Share 51,00,000 shares(aggregating up to ₹28.05 crore)
  • Listing at NSE SME
  • List Price 66.0
  • Listing Date 2024-07-01
  • Lead Manager Finshore Management Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,10,000
Retail(max)12000₹1,10,000
NII (min) 24000₹2,20,000
Sylvan Plyboard (India) Ltd IPO Reservation

Sylvan Plyboard (India) Ltd IPO offers total 5,100,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,422,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered256,000 (5.02%)
Retail Shares Offered2,422,000 (47.49%)
Total Shares Offered5,100,000 (100%)
Sylvan Plyboard (India) Ltd IPO Documents
DRHP
RHP
Sylvan Plyboard (India) Ltd IPO Details


Sylvan Plyboard (India) Ltd IPO is an SME IPO, priced at ₹55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 51,00,000 equity shares, aggregating up to ₹28.05 crores..

The IPO bidding window is open from Jun 24, 2024 to Jun 26, 2024. The allotment is expected to be finalized on Jun 27, 2024, and the tentative listing date is Jul 1, 2024.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.

Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Black Fox Financial Private Limited will act as the market maker for this issue.

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Sylvan Plyboard (India) Ltd IPO Subscription Analysis And Details
Retail
84.11x
Total
79.82x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,422,0002,422,0004,844,000
Day 1 24-06-24 06:00 PM
0.93 x2.72 x2.07 x
Day 2 25-06-24 06:00 PM
3.45 x14.73 x9.33 x
Day 3 26-06-24 06:00 PM
75.52 x84.11 x79.82 x
Total No of Applications
1,01,854
Sylvan Plyboard (India) Ltd Valuations
EPS Pre IPO ₹2.47/-
EPS Post IPO ₹3.08/-
P/E Pre IPO 22.25
P/E Post IPO 17.84
ROE 4.90%
ROCE 7.56%
Debt/Equity 0.68
RoNW 4.74%
PAT Margin 2.77
Price to Book Value 0.83
Sylvan Plyboard (India) Ltd Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets20,398.4718,142.3216,550.83
Revenue19,915.3217,292.6311,028.91
Profit After Tax352.85305.3137.09
Net Worth8,811.788,283.267,977.95
Reserves & Surplus8,811.788,283.267,977.95
Total Borrowing5,500.554,579.244,701.16
About Sylvan Plyboard (India) Ltd Company

Incorporated in 2002, Sylvan Plyboard (India) Ltd is involved in the production of various wood products like plywood, block board, flush door, veneer and sawn timber in various grades and thicknesses. The company has 223 Authorized Dealers spread across 13 states.

The product portfolio of the company includes the following:
Plywood, Block Boards & Flush Doors
Veneer
Sawn Timber

All of the company's products come under the quality standard of the Bureau of Indian Standards (BIS), which includes IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) have also been certified for manufacturing and supplying Venner, Plywood, Block Board, and Flush Door.

The company's manufacturing facility is located in Hooghly, West Bengal.
The company provides its products to shipping, construction, real estate, interior decor, furniture, aviation, education, hospital, transport, banking, and government projects that require plywood for commercial and residential infrastructure.

As of June 2024, the company has a total of 817 employees in its departments.

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Sylvan Plyboard (India) Ltd - Promoter(s)

M/s. Singh Suppliers Private Limited

Mr Anand Kumar Singh

Mr Jai Prakash Singh

Mrs Shakuntala Singh

Mrs Kalyani Singh

Pre Issue Share Holding : 99.80%

Post Issue Share Holding : 71.23%

Sylvan Plyboard (India) Ltd IPO - Issue Objectives
1

Funding Capital Expenditure towards the purchase of additional plant and machinery

2

To meet the Working Capital Requirements

3

To meet the Issue Expenses

4

General Corporate Purposes

Sylvan Plyboard (India) Ltd IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Sylvan Plyboard (India) Ltd2.53N/A63.1921.7440.87Standalone
Archidply Industries Ltd.6.15N/A52.2513.4611.781.59Standalone
Duroply Industries Ltd7.4N/A111.1840.655.912.71Standalone
The Western India Plywoods Limited4.87N/A57.2331.418.512.67Standalone
Contact Details

Sylvan Plyboard (India) Ltd

NH-2, Delhi Road, Champsara, Chinnamore, Baidyabati Hooghly – 712222

+91 33 4801 7916

cs@sylvanply.com

http://www.sylvanply.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html