Sylvan Plyboard (India) Lt IPO Detail
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.
Company Promoters
M/s. Singh Suppliers Private Limited, Mr Anand Kumar Singh, Mr Jai Prakash Singh, Mrs Shakuntala Singh and Mrs Kalyani Singh.IPO Details
| IPO Opening Date | Jun 24, 2024 |
| IPO Closing Date | Jun 26, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹28.05 Cr |
| Fresh Issue | ₹28.05 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.93x | 2.72x | 2.07x |
| Day 2 | 0.00x | 0.00x | 0.00x | 3.45x | 14.73x | 9.33x |
| Day 3 | 0.00x | 0.00x | 0.00x | 75.42x | 84.11x | 84.03x |
IPO Tentative Timetable
The Sylvan Plyboard (India) Lt IPO open date is Jun 24, 2024, and the close date is Jun 26, 2024. The issue may list on Jul 01, 2024.
| IPO Open Date | Jun 24, 2024 |
| IPO Close Date | Jun 26, 2024 |
| Basis of Allotment Date | Jun 27, 2024 |
| Initiation of Refunds | Jun 28, 2024 |
| Credit of Shares to Demat Account | Jun 28, 2024 |
| IPO Listing Date | Jul 01, 2024 |
IPO Lot Size
The Sylvan Plyboard (India) Lt IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110000 |
| Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | 71.23% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 16550.83 | 11028.91 | 37.09 |
| 31-Mar-22 | 18142.32 | 17292.63 | 305.31 |
| 31-Mar-23 | 20398.47 | 19915.32 | 352.85 |
| 31-Dec-23 | 21726.74 | 16193.24 | 447.98 |
Objects of the Issue:
The Objects of the Issue are:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Sylvan Plyboard (India) Lt IPO Registrar:
Bigshare Services Pvt Ltd
Sylvan Plyboard (India) Lt IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Sylvan Plyboard (India) Lt
NH-2, Delhi Road, Champsara,
Chinnamore, Baidyabati
Hooghly – 712222
