What you must know about Sylvan Plyboard IPO?
by 5paisa Research Team
18 Jun 2024
Sylvan Plyboard IPO Details
- Open Date 24-Jun-24
- Close Date 26-Jun-24
- Lot Size 2000
- IPO Size ₹ 28.05 Cr
- IPO Price Range ₹ 55
- Min Investment ₹ 110,000
- Listing Exchange NSE SME
- Basis of Allotment 27-Jun-24
- Refunds 28-Jun-24
- Credit to Demat Account 28-Jun-24
- Listing Date 01-Jul-24
Sylvan Plyboard (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jun-24 | - | 0.93 | 2.72 | 2.06 |
| 25-Jun-24 | - | 3.45 | 14.54 | 9.24 |
| 26-Jun-24 | - | 75.42 | 84.11 | 84.03 |
Sylvan Plyboard IPO Synopsis
Last Updated: 26th June, 2024 by 5paisa
Sylvan Plyboard IPO is all set to open from 24th June to 26th June 2024. The company manufactures wood products. The IPO includes a fresh issue of 5,100,000 shares worth ₹28.05 cr. The share allotment date is 27th June 2024, and the IPO will be listed on 1st July 2024 on the stock exchanges. The price band is ₹55 and the lot size is 2000 shares.
Finshore Management Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Sylvan Plyboard IPO
Sylvan Plyboard (India) Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement to purchase of new plant & machinery.
● General corporate purposes.
● For public issue expenses.
Sylvan Plyboard IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 28.05 |
| Offer for sale | 28.05 |
| Fresh issue | - |
Sylvan Plyboard IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4000 | ₹220,000 |
Sylvan Plyboard IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 75.42 | 24,22,000 | 18,26,60,000 | 1,004.63 |
| Retail | 84.11 | 24,22,000 | 20,37,08,000 | 1,120.39 |
| Total | 84.03 | 48,44,000 | 40,70,54,000 | 2,238.80 |
About Sylvan Plyboard (India)
Sylvan Plyboard (India) manufactures wood products. This includes plywood, block board, flush door, veneer and sawn timber of different grades and thicknesses. The company markets and sells them under the brand name “Sylvan” via its 223 Authorized Dealers present in 13 states.
The company has 12 plywood products ranging from 4 mm to 40 mm sold under various mid to premium brand names including “Sylvan Z+ Premium Plus” (premium segment) “Robusta Premium” & “Primo Plus” (mid segment), and “Sylvan Blu” (lower segment). Sylvan also provides Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood to cater to different customer segments. Its manufacturing unit is based in Champsara, West Bengal.
Peer Comparison
● Archidply Industries Limited
● Duroply Industries Limited
● The Western India Plywoods Limited
For More Information:
Webstory on Sylvan Plyboard IPO
Sylvan Plyboard (India) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 198.07 | 171.82 | 108.89 |
| EBITDA | 13.11 | 10.53 | 8.05 |
| PAT | 3.52 | 3.05 | 0.37 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 203.98 | 181.42 | 165.50 |
| Share Capital | 9.29 | 9.09 | 9.09 |
| Total Borrowings | 115.86 | 98.59 | 85.72 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.08 | 11.02 | 4.98 |
| Net cash from / (used in) investing activities | -4.11 | -2.72 | 5.30 |
| Net cash flow from / (used in) financing activities | -7.81 | -5.36 | 3.08 |
| Net increase (decrease) in cash and cash equivalents | -14.01 | 2.93 | 13.37 |
Sylvan Plyboard IPO Key Points
-
Strengths
1. The company has Brand Recognition.
2. It also has a Wide dealers’ network.
3. It has a Large & Integrated manufacturing facility, which is strategically located.
4. The company operates in the Entry barrier industry.
5. The company has a diverse product range and follows Quality Control Processes.
6. Experienced promoters and management team.
-
Risks
1. The major source of revenue is generated from the state of West Bengal.
2. Threats of ban and restrictions on wood-cutting activities by various government and other environmental authorities can impact the business.
3. It has significant working capital requirements.
4. It has reported negative cash flow in the past.
5. Exposed to foreign exchange rate fluctuations.
Sylvan Plyboard
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Sylvan Plyboard IPO FAQs
When does Sylvan Plyboard IPO opens and closes?
Sylvan Plyboard IPO opens from 24th June to 26th June 2024.
What is the size of Sylvan Plyboard IPO?
The size of Sylvan Plyboard IPO is ₹28.05 cr.
How to apply for Sylvan Plyboard IPO?
To apply for Sylvan Plyboard IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Sylvan Plyboard IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Sylvan Plyboard IPO?
The price band of Sylvan Plyboard IPO is fixed at ₹55 per share.
What is the minimum lot size and investment required for Sylvan Plyboard IPO?
The minimum lot size of Sylvan Plyboard IPO is 2000 shares and the investment required is ₹1,10,000.
What is the allotment date of Sylvan Plyboard IPO?
The share allotment date of Sylvan Plyboard IPO is 27th June 2024.
What is Sylvan Plyboard IPO listing date?
The Sylvan Plyboard IPO will be listed on 1st July 2024.
Who are the book runners for Sylvan Plyboard IPO?
Finshore Management Services Limited is the book-running lead manager for Sylvan Plyboard IPO.
What is the objective of Sylvan Plyboard IPO?
Sylvan Plyboard plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement to purchase of new plant & machinery.
● General corporate purposes.
● For public issue expenses.
Contact Details of Sylvan Plyboard (India) IPO
Contact Information
Sylvan Plyboard (India) Ltd
NH-2, Delhi Road, Champsara,
Chinnamore, Baidyabati
Hooghly – 712222
Phone: +91 33 4801 7916
Email: cs@sylvanply.com
Website: http://www.sylvanply.com/
Sylvan Plyboard (India) IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sylvan Plyboard (India) IPO Lead Manager
Finshore Management Services Limited
Sylvan Plyboard IPO Related Articles
