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sylvan plyboard ipo

Sylvan Plyboard (India) IPO

  • Status: Closed
  • RHP:
  • ₹ 110,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Jul 2024

  • Listing Price

    ₹ 66.00

  • Listing Change

    20.00%

  • Last Traded Price

    ₹ 84.55

IPO Details

  • Open Date

    24 Jun 2024

  • Close Date

    26 Jun 2024

  • IPO Price Range

    ₹ 55

  • IPO Size

    ₹ 28.05 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    01 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sylvan Plyboard (India) IPO Subscription Status

Last Updated: 05 July 2024 10:33 AM by 5Paisa

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

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

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


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.
 

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FAQs

Sylvan Plyboard IPO opens from 24th June to 26th June 2024.
 

The size of Sylvan Plyboard IPO is ₹28.05 cr. 
 

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.
 

The price band of Sylvan Plyboard IPO is fixed at ₹55 per share. 
 

The minimum lot size of Sylvan Plyboard IPO is 2000 shares and the investment required is ₹1,10,000.
 

The share allotment date of Sylvan Plyboard IPO is 27th June 2024.
 

The Sylvan Plyboard IPO will be listed on 1st July 2024.
 

Finshore Management Services Limited is the book-running lead manager for 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.