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SYLVANPLY · NSE · Manufacturing company
Sylvan Plyboard (India) IPO listed on 01 Jul 2024 on NSE at ₹66.00, a gain of 20.00% over the issue price of ₹55.00. The IPO was subscribed 79.82x overall.
Sylvan Plyboard (India) IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 24 Jun 2024 |
| IPO Close Date | 26 Jun 2024 |
| Basis of Allotment | 27 Jun 2024 |
| Initiation of Refunds | 28 Jun 2024 |
| Credit of Shares to Demat | 28 Jun 2024 |
| Listing Date | 01 Jul 2024 |
Listing day gain
+20%
Listed at ₹66 (issue ₹55)
Issue
₹55
Listing
₹66
Current
₹69.3
+26% vs issue
Day range
₹62.7 – ₹69.3
Issue Size
5,100,000 shares
(aggregating up to ₹28.00 Cr)
Issue Price
₹55 – ₹55
Face Value
₹10/share
Market Lot
2,000 shares
Retail Min Investment
₹220,000
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
4,844,000 shares
(aggregating up to ₹27 Cr)
Offer for Sale
[.]
Reserved for Market Maker
256,000 shares
(aggregating up to ₹1.00 Cr)
Issue Type
fixed price
Open Date
24 Jun
Close Date
26 Jun
Allotment
27 Jun
Listing
01 Jul
Latest snapshot: 26 Jun 2024
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 75.52x | - |
| Individual Investors | 84.11x | - |
| Total | 79.82x | - |
Showing the latest subscription snapshot.
View full subscription historyAnand Kumar Singh,Jai Prakash Singh,Kalyani Singh,Shakuntala Singh and Singh Suppliers Pvt.Ltd. are the promoters of the Company
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹220,000 |
| Retail (Max) | 2 | 4,000 | ₹220,000 |
| S-HNI (Min) | 3 | 6,000 | ₹330,000 |
| S-HNI (Max) | 9 | 18,000 | ₹990,000 |
| B-HNI (Min) | 10 | 20,000 | ₹1,100,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 2,422,000 (47.49%) |
| Individual Investors Shares Offered | 2,422,000 (47.49%) |
| Market Maker Shares Offered | 256,000 (5.02%) |
| Total Shares Offered | 5,100,000 (100.00%) |
Sylvan Plyboard (India) Limited was originally incorporated as Singh Brothers Exim Private Limited in Kolkata, West Bengal in August 2002, later renamed Sylvan Plyboard (India) Private Limited in March 2013, and converted to a public limited company in June 2018. It works in the wood panel products manufacturing sector.
The company manufactures plywood, block boards, flush doors, veneer, and sawn timber across various grades and thicknesses, following an integrated manufacturing process that includes its own resin plant for producing glue. Its products meet Bureau of Indian Standards specifications and carry ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The manufacturing facility is located in Baidyabati, Hooghly district, West Bengal, and products are sold through a network of 223 authorised dealers across 13 states, supported by around 753 sub-dealers. The promoters are Anand Kumar Singh and Singh Suppliers Private Limited.
On a restated basis, revenue rose from Rs 171.82 crore in FY22 to Rs 198.07 crore in FY23 and Rs 224.88 crore in FY24, while net profit rose from Rs 3.05 crore to Rs 3.53 crore and Rs 6.09 crore over the same period. The IPO was a fixed price SME issue of 51,00,000 equity shares of face value Rs 10 each at an issue price of Rs 55 per share, aggregating to about Rs 28.05 crore, listed on NSE SME. As per the RHP, net proceeds were proposed to be used for capital expenditure toward purchase of additional plant and machinery, working capital requirements, and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Total Revenue | 110.29 | 172.93 | 161.93 |
| Profit After Tax (PAT) | 0.37 | 3.05 | 4.48 |
| EBITDA | - | - | - |
| Total Assets | 165.51 | 181.42 | 217.27 |
| Net Worth | 79.78 | 82.83 | 94.57 |
| Reserves & Surplus | 70.69 | 73.74 | 80.29 |
| Total Borrowing | 47.01 | 45.79 | 64.55 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Dec 2023 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 4.9% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 7.56% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 4.74% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 2.77% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 2.77% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.68x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 0.83x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹2.47 | ₹3.08 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 22.25x | 17.84x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹79 Cr | ₹106 Cr |
The basis of allotment for Sylvan Plyboard (India) IPO was finalised on 27 Jun 2024. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Sylvan Plyboard (India) IPO is expected to open in Jun 2024, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Sylvan Plyboard (India) IPO is ₹55.00 - ₹55.00 per share.
As per market sources, Sylvan Plyboard (India) IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Sylvan Plyboard (India) IPO stands at 79.82x overall.
The listing date for Sylvan Plyboard (India) IPO is 01 Jul 2024.
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