Sylvan Plyboard (India) Ltd IPO is set to launch on 24 June, 2024. The company initiated its business operations in 2002. It is engaged in the manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness.
Company’s product range includes Plywood, Block Boards & Flush Doors, Veneer and Swan Timber. It sells its products under the brand name “Sylvan”. It has more than 12 numbers of plywood products in its basket, thickness ranging from 4 mm to 40 mm. The Company has a large range of product offering to a wide range of customers, “Sylvan Z+ Premium Plus” is the most premium plywood product of the Company amongst other offerings in the premium segment. It has “Robusta Premium” & “Primo Plus” for the middle segment and “Sylvan Blu” which is aimed at the lower class segment with a view of addressing the growing demand of cheaper plywood and their alternatives. It also offers Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood.
The products are supplied to every industry where plywood is required for commercial and residential infrastructure like the Shipping Industry, Construction Industry, Real Estate, Interior Decor, Furniture, Aviation Industry, Plywood Industry, Education Industry, Hospital Industry, Transport Industry, Banking, Govt. Projects etc. As on the date of this Prospectus, the Company has 223 authorised Dealers present across 13 states.
Sylvan Plyboard (India) Ltd : IPO DETAILS
Sylvan Plyboard (India) Ltd IPO is set to launch on 24 June, 2024. The subscription timeline extends till 26 June, 2024. The size for the IPO is Rs. 28.05 Crore. The issue is entirely a fresh issue of 51 lakh shares. The lot size is 2000 shares and the price is Rs. 55 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs. 10 and this is a Fixed Price Issue. The registrar for the company is Bigshare Services Pvt Ltd.
Tabular Description of Sylvan Plyboard (India) Ltd IPO
| IPO OPENING DATE | 24 June, 2024 |
| CLOSING DATE FOR IPO | 26 June, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 55 per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | Rs. 28.05 Crore |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | Rs. 28.05 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 1 July, 2024 |
Sylvan Plyboard (India) Ltd IPO: IMPORTANT DATES
| IPO OPENING DATE | 24 June, 2024 |
| CLOSING DATE FOR IPO | 26 June, 2024 |
| IPO ALLOTMENT DATE | 27 June, 2024 |
| REFUNDS | 28 June, 2024 |
| DEMAT A/C CREDITED ON | 28 June, 2024 |
| IPO LISTING DATE | 1 July, 2024 |
Sylvan Plyboard (India) Ltd IPO begins for subscription from 24 June, 2024. The IPO subscription would continue till 26 June, 2024. The allotment status for the shareholders who applied would come on 27 June, 2024. The refunds for the ones who did not get allotment would be initiated on 28 June, 2024. The DEMAT accounts of shareholders would be credited on 28 June, 2024. The listing of the company would be completed on 1 July, 2024.
Sylvan Plyboard (India) Ltd IPO: Lead Managers
The lead managers are :
- Finshore Management Services Limited
The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 110000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 220000.
| Lots | Shares | Amount | |
| Retail (Minimum) | 1 | 2000 shares | Rs. 110000 |
| Retail (Maximum) | 1 | 2000 shares | Rs. 110000 |
| HNI (Minimum) | 2 | 4000 shares | Rs. 220000 |
OBJECTIVES FOR THE IPO
- 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
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | Dec – 2023 |
| Asset | 16550.83 | 18142.32 | 20398.47 | 21726.74 |
| Revenue | 11028.91 | 17292.63 | 19915.32 | 16193.24 |
| PAT | 37.09 | 305.31 | 352.85 | 447.98 |
Sylvan Plyboard (India) Ltd had an asset base of Rs. 16550.83 Lakh for the year ending FY2021. This increased to Rs. 20398.47 Lakh for the year ending FY2023. At the end of Dec – 2023, the same stood at Rs. 21726.74 Lakhs. The revenue for the year ending 2021 was around Rs. 11028.91 Lakhs which increased to Rs. 19915.32 Lakhs for 2023. The revenue of the company was Rs. 16193.24 Lakh as on Dec – 2023. The profit of the company was Rs. 37.09 Lakh in 2021. This boosted to Rs. 352.85 Lakh in 2023. The profit of the company increased to Rs. 447.98 for the period ending Dec-2023.
PROS
- The Company has 223 authorised Dealers present across 13 states.
- It has a large range of product offering to a wide range of customers, from premium to lower segment.
- It also offers Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood.
Sylvan Plyboard (India) Ltd IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Sylvan Plyboard (India) Ltd IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
