Sylvan Plyboard Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 55 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 51,00,000 shares (aggregating up to ₹ 28.05 Cr) |
| Fresh Issue | 51,00,000 shares (aggregating up to ₹ 28.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,42,74,830 |
| Shareholding post issue | 1,93,74,830 |
| Market Maker portion | 2,56,000 shares |
About Sylvan Plyboard Limited IPO
Sylvan Plyboard 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. Leveraging the knowledge of timber products and the domestic market, in the year 2004, the Company acquired the ongoing business of M/s. Singh Brothers & Co. (Proprietorship Firm). Over the period, after establishing themselves in trading timber products, they diversified their activities to manufacturing activities by setting up an integrated manufacturing facility in Baidyabati, West Bengal located near Kolkata.
Sylvan Plyboard IPO is a fixed price issue of Rs 28.05 crores. The issue is entirely a fresh issue of 51 lakh shares. Sylvan Plyboard IPO opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Sylvan Plyboard IPO is expected to be finalized on Thursday, June 27, 2024. Sylvan Plyboard's IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. Finshore Management Services Limited is the book-running lead manager of the Sylvan Plyboard IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sylvan Plyboard IPO is Black Fox Financial.
Objectives of Sylvan Plyboard IPO
The Objectives of the Issue are:
- 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 IPO Review
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 raised eyebrows and sustainability. Based on FY24 super annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for long-term rewards.
Sylvan Plyboard Limited IPO Financial Information
Latest Revenue
16,193.24
₹ Crore
Profit After Tax
447.98
₹ Crore
Net Worth
9,456.77
₹ Crore
Total Borrowing
6,454.53
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 21,726.74 | 16,193.24 | 447.98 | 9,456.77 | 6,454.53 | ||||
| 31 Mar 2023 | 20,398.47 | 19,915.32 | 352.85 | 8,811.78 | 5,500.55 | ||||
| 31 Mar 2022 | 18,142.32 | 17,292.63 | 305.31 | 8,283.26 | 4,579.24 | ||||
| 31 Mar 2021 | 16,550.83 | 11,028.91 | 37.09 | 7,977.95 | 4,701.16 | ||||
| Amount in ₹ Crore | |||||||||
Sylvan Plyboard Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 4.90% |
| ROCE | 7.56% |
| Debt/Equity | 0.68 |
| RoNW | 4.74% |
| P/BV | 0.83 |
| PAT Margin (%) | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.47 | 3.08 |
| P/E (x) | 22.25 | 17.84 |
Frequently Asked Questions
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Competitive Strengths
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Sylvan Plyboard Limited IPO Timeline
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |