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Sylvan Plyboard manufactures various wood products like plywood, block boards, flush doors, veneer and timber in different grades and thicknesses.
Over 80% of the company’s revenue comes from its plywood products including block boards and flush doors. Their best product is the Sylvan Z+ Premium Plus plywood. For the mid range market they offer Robusta Premium and Primo Plus while Sylvan Blu caters to the budget segment.
The company has 223 authorized dealers in 13 Indian states such as West Bengal, Bihar, Uttar Pradesh, Rajasthan, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and the Andaman & Nicobar Islands. Sylvan Plyboard supplies products to various industries including construction, shipping, real estate, interior decor, aviation, hospitals and transport.
Sylvan Plyboard IPO Overview
Sylvan Plyboard plans to raise ₹28.05 crores through its IPO, which will involve only fresh shares. The share price for the IPO is set at ₹55 per share.
Sylvan IPO will be open from 24 to 26 June. Share allotment is expected by 27 June 2024 and the shares are set to be listed on NSE SME segment by 1 July 2024.
Currently, the company is 99.80% owned by Mr. Anand Kumar Singh, M/s. Singh Suppliers Private Limited, Mr. Jai Prakash Singh, Mrs. Shakuntala Singh, and Mrs. Kalyani Singh. Once the company goes public, their combined ownership will decrease to 71.23%. Bigshare Services will handle registration for Sylvan Plyboard’s IPO.
Sylvan Plyboard IPO GMP
As of June 19, Sylvan Plyboard IPO has a Grey Market Premium of ₹15. With the upper price band set at ₹55, the estimated listing price is ₹70 (Upper price band + today’s GMP). Indicating a gain of 27.27% per share.
Stay tuned with Trade Target for daily updates on Sylvan Plyboard IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Sylvan Plyboard GMP: ₹27 (49.09%)
- Date: 26– June – 2024
- Sylvan Plyboard GMP: ₹25 (45.45%)
- Date: 25– June – 2024
- Sylvan Plyboard GMP: ₹30 (54.55%)
- Date: 24– June – 2024
- Sylvan Plyboard GMP: ₹30 (54.55%)
- Date: 23– June – 2024
- Sylvan Plyboard GMP: ₹28 (50.91%)
- Date: 22– June – 2024
- Sylvan Plyboard GMP: ₹28 (50.91%)
- Date: 21– June – 2024
- Sylvan Plyboard GMP: ₹15 (27.27%)
- Date: 20– June – 2024
- Sylvan Plyboard GMP: ₹15 (27.27%)
- Date: 19– June – 2024
- Sylvan Plyboard GMP: ₹15 (27.27%)
How can one apply for Sylvan Plyboard IPO?
For retail investors minimum investment starts with 1 lot including 2,000 shares at a cost of ₹110,000 and this is the maximum limit for retail investors to apply in Sylvan Plyboard IPO
For HNIs minimum investment in Sylvan Plyboard’s IPO is set at 2 lots which includes 4,000 shares and costs ₹220,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
2000 |
₹110,000
|
|
Retail (Max) |
1 |
2000 |
₹110,000
|
|
S-HNI (Min) |
2 |
4000 |
₹220,000
|
Sylvan Plyboard IPO Financial
As of March 31, 2023, Sylvan Plyboard reported a Profit After Tax of ₹352.85 lakhs. This marks an increase from the previous year’s PAT of ₹305.31 lakhs on March 31, 2022. In comparison, the PAT for March 31, 2021, was lower at ₹37.09 lakhs.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
20,398.47
|
18,142.32
|
16,550.83
|
|
Revenue (₹ Lakhs) |
19,915.32
|
17,292.63
|
11,028.91
|
|
PAT (₹ Lakhs)
|
352.85
|
305.31
|
37.09
|
|
Total Borrowing (₹ Lakhs)
|
5,500.55
|
4,579.24
|
4,701.16
|
Sylvan Plyboard Vs Peers
Sylvan Plyboard has very low EPS and low P/E in comparison to its peers. Higher EPS is always considered good.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Sylvan Plyboard Limited
|
2.53
|
21.74
|
|
Archidply Industries Ltd. |
6.15 |
13.46 |
|
Duroply Industries Ltd |
7.4 |
40.65 |
|
The Western India Plywoods Limited
|
4.87 |
40.65 |
Sylvan Plyboard IPO Quota allocation
- Retail Investors: 50% of the net issue
- Other Investors: 50% of the net issue
Expected Listing Date for Sylvan Plyboard IPO
- Subscription Period: 24 June to 26 June
- Basis of Allotment Finalization: 27 June 2024
- Initiation of Refunds: 28 June 2024
- Demat Credits: 28 June 2024
- Listing Date: 1 July 2024
- Listing on: NSE SME
