Sylvan Plyboard (India) Ltd IPO
- IPO Date24 Jun, 2024 to 26 Jun, 2024
- Listing Date01 Jul, 2024
- Face Value₹10 per share
- Issue Price₹55 to ₹55 per share
- Lot Size2000 Shares
- Minimum Investment₹1,10,000
- Listing AtNSE SME
- Total Issue Size51,00,000 Shares
(aggregating up to ₹28.05 Cr) - Fresh Issue51,00,000 Shares
(aggregating up to ₹28.05 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,42,74,830
- Shareholding post issue1,93,74,830
IPO Dates
Closing Date
26 Jun, 2024
Initiation of Refunds
28 Jun, 2024
Listing Date
01 Jul, 2024
24 Jun, 2024
Opening Date
27 Jun, 2024
Basis of Allotment
28 Jun, 2024
Credit of Shares
Sylvan Plyboard (India) Ltd Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,20,000 |
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
Sylvan Plyboard (India) Ltd Promoter Holding
The promoters of the company are M/s. Singh Suppliers Private Limited, Mr Anand Kumar Singh, Mr Jai Prakash Singh, Mrs Shakuntala Singh and Mrs Kalyani Singh.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.8% | 71.23% |
Sylvan Plyboard (India) Ltd COMPANY INFORMATION
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 IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024. Sylvan Plyboard IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000. 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. Refer to Sylvan Plyboard IPO RHP for detailed information.
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
- Plywood, Block Boards & Flush Doors
- Veneer
- Sawn Timber
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.
Sylvan Plyboard (India) Ltd IPO Analysis
Sylvan Plyboard (India) Ltd IPO: A Comprehensive Review
The IPO of Sylvan Plyboard (India) Ltd is generating significant attention. Here's a detailed analysis of the company's offerings, its market standing, and the potential risks and benefits for investors.
Overview of Sylvan Plyboard (India) Ltd IPO
Sylvan Plyboard (India) Ltd is entering the market with its Initial Public Offering (IPO) aimed at raising funds for various strategic needs. The company operates in the plywood and panel product industry, which has shown steady growth in recent years due to increasing demand from construction and interior design sectors.
Key Details of the IPO
- Issue Size: The total issue size and allocation details.
- Objective: The primary goal of the IPO is to fund working capital, repay loans, and meet other corporate expenses.
- Company Background: Sylvan Plyboard specializes in manufacturing a range of plywood products, focusing on quality and market expansion.
Pros of Investing in Sylvan Plyboard IPO
- Strong Market Presence: Sylvan Plyboard has a well-established network, which gives it a competitive edge in the plywood industry.
- Growing Industry: The construction and home interior markets are on the rise, directly benefiting the company’s products.
- Experienced Management: The leadership team brings a wealth of experience, driving strategic growth and stability.
Cons of Investing in Sylvan Plyboard IPO
- Highly Competitive Industry: The plywood sector is crowded, with numerous established and emerging players.
- Profitability Concerns: Past financials show fluctuating profit margins, posing a risk for potential investors.
- Market Dependency: A slowdown in the construction sector could impact the company’s revenue significantly.
Financial Performance and Market Outlook
Sylvan Plyboard has shown consistent revenue growth over recent years. However, fluctuating profit margins indicate operational challenges. Investors should consider these factors along with the broader market trends, which indicate potential for growth in the plywood and interior product segment.
Should You Invest in Sylvan Plyboard IPO?
Investing in Sylvan Plyboard (India) Ltd can be attractive for those looking at long-term gains in a growing sector. However, the competitive landscape and financial risks must be carefully evaluated.
In conclusion, while Sylvan Plyboard holds promise with its market position and industry growth prospects, potential investors should weigh the risks against the opportunities before making their decision.
FAQs About Sylvan Plyboard (India) Ltd Ipo
Sylvan Plyboard (India) Ltd IPO will open on 24 Jun, 2024 and close on 26 Jun, 2024. Investors must apply within this period to participate.
The Sylvan Plyboard (India) Ltd IPO price band is set between ₹55.00 and ₹55.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹110000.00.
The Sylvan Plyboard (India) Ltd IPO shares are expected to be listed on 01 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Sylvan Plyboard (India) Ltd IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sylvan Plyboard (India) Ltd IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.