Incorporated in the year 2002, Sylvan Plyboard 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. Leveraging the knowledge of timber products and the domestic market, in the year 2004, the Company acquired the ongoing business of M/s. Singh Brothers & Co. (Proprietorship Firm). Over the period, after establishing ourselves in trading of timber products, they diversified their activities to manufacturing activities by setting up an integrated manufacturing facility in Baidyabati, West Bengal located near Kolkata which is spreading over an area of approx. 11.61 acres (5,05,732 sq. ft.).
They are dedicated to constantly expanding and updating their product range in order to stay ahead in the market. Their range of products under their manufacturing capabilities is summarized as under:
- Plywood, Block Boards & Flush Doors
- Veneer
- Sawn Timbe
The Company markets its products under the brand name of “Sylvan”, through its network of Authorized Dealers and Authorized Sub Dealers. As of the date of this Prospectus, the Company has 223 Authorized Dealers present across 13 states.
They have more than 12 numbers of plywood products in their basket, thickness ranging from 4 mm to 40 mm. Plywood segment (including the Block Board and Flush Door) contributes approx. 81.74% of their revenue is from operations. The Company has a large range of products 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. They have “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 for cheaper plywood and their alternatives. They also offer Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood. Their range of plywood products caters to various customers across various segments.
Objects of the Issue:
- Funding Capital Expenditure towards purchase of additional plant and machinery
- Working Capital Requirements
- Issue Related Expenses
- General Corporate Expenses
Sylvan Plyboard IPO Review
- May Apply
Sylvan Plyboard IPO Date & Price Band Details
| IPO Open: | June 24, 2024 |
| IPO Close: | June 26, 2024 |
| IPO Size: | Approx ₹28.05 Crores, 51,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹55 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sylvan Plyboard IPO Market Lot
The Sylvan Plyboard IPO minimum market lot is 2000 shares with a ₹110,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹110,000 |
| Retail Maximum | 1 | 2000 | ₹110,000 |
| S-HNI Minimum | 2 | 4000 | ₹220,000 |
Sylvan Plyboard IPO Dates
The Sylvan Plyboard IPO date is June 24 and the IPO close date is June 26 . The IPO allotment date is June June 27 and the IPO might list on July 1.
| IPO Open Date: | June 24, 2024 |
| IPO Close Date: | June 26, 2024 |
| Basis of Allotment: | June 27, 2024 |
| Refunds: | June 28, 2024 |
| Credit to Demat Account: | June 28, 2024 |
| IPO Listing Date: | July 1, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Sylvan Plyboard IPO Form
How to apply Sylvan Plyboard IPO? You can apply Sylvan Plyboard IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sylvan Plyboard IPO in the Invest section. The other option you can apply Sylvan Plyboard IPO via IPO forms download via the NSE website. Check out the Sylvan Plyboard forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Sylvan Plyboard Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹110.29 | ₹109.78 | ₹0.37 |
| 2022 | ₹172.93 | ₹168.10 | ₹3.05 |
| 2023 | ₹199.15 | ₹194.54 | ₹3.53 |
| Dec 2023 | ₹161.93 | ₹155.41 | ₹4.48 |
Sylvan Plyboard IPO Valuation – FY2023
Check Sylvan Plyboard IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.53 per Equity Share |
| Price/Earning P/E Ratio: | 21.74 |
| Return on Net Worth (RoNW): | 4.00% |
| Net Asset Value (NAV): | ₹63.19 per Equity Share |
Peer Group
- Archidply Industries Limited
- Duroply Industries Limited
- The Western India Plywoods Limited
Company Promoters
- Mr. Anand Kumar Singh
- M/s. Singh Suppliers Private Limited
Sylvan Plyboard IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Sylvan Plyboard IPO Allotment Status
Check Sylvan Plyboard IPO allotment status on Bigshare website URL. Click Here
Sylvan Plyboard IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Sylvan Plyboard (India) Limited
Adventz Infinity@5, Block-BN5, Office No. 802,
Sector-V, Salt Lake, Kolkata – 700091, West Bengal
Phone: +91 33 4801 7916
E-mail: [email protected]
Website: www.sylvanply.com
