Sylvan Plyboard (India) Ltd (NSE SME)
Jun 24, 2024 - Jun 26, 2024
| Price | ₹55 - ₹55 |
| Premium | ₹27 |
|---|---|
| Lot size | 2000 |
| Allotment | Jun 27, 2024 |
| Listing | Jul 1, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 1211 |
| HNI | 2 | 4000 | 220000 | 1211 |
Last updated on 26-Jun-2024 17:01:46
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2422000 | 182916000 | 75.52 |
| RETAIL | 2422000 | 203708000 | 84.11 |
| Total | 4844000 | 386624000 | 79.82 |
| Retail Apps | 101854 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹5.58 | @8% ₹6.37 | @9% ₹7.17 | @10% ₹7.97 | @11% ₹8.76 | @12% ₹9.56 |
Sylvan Plyboard IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2422000 |
| Other | 47.5% | 2422000 |
| Market Maker | 5.0% | 256000 |
| Total No. of Shares | 100.0% | 5100000 |
Sylvan Plyboard IPO Details
| Issue Size | 5,100,000 shares (aggregating up to ₹28.05 Cr) |
| Fresh Issue | 5,100,000 shares (aggregating up to ₹28.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,274,830 |
| Share holding post issue | 19,374,830 |
| Market Maker portion | 256,000 shares Black Fox Financial |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 4.90% | 1.90% | 3.76% |
| ROCE | 7.56% | 7.53% | 6.56% |
| RONW | 4.74% | 4.00% | 3.69% |
| D/E | 0.68% | 0.62% | 0.56% |
| EPS (Diluted) | 4.74 | 2.53 | 2.24 |
| P/E Pre IPO | 22.25 | ||
| P/E Post IPO | 17.84 |
Company Financials
Sylvan Plyboard (India) Ltd Financial Information (Restated)
Sylvan Plyboard (India) Ltd's revenue increased by 15.17% and profit after tax (PAT) rose by 15.57% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 21,726.74 | 20,398.47 | 18,142.32 | 16,550.83 |
| Revenue | 16,193.24 | 19,915.32 | 17,292.63 | 11,028.91 |
| Profit | 447.98 | 352.85 | 305.31 | 37.09 |
| Net Worth | 9,456.77 | 8,811.78 | 8,283.26 | 7,977.95 |
| Reserves | 8,029.28 | 7,882.14 | 7,374.05 | 7,068.74 |
| Borrowing | 6,454.53 | 5,500.55 | 4,579.24 | 4,701.16 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in 2002, Sylvan Plyboard (India) Ltd specializes in the manufacturing of a diverse range of wood products including plywood, block boards, flush doors, veneer, and sawn timber, catering to various grades and thicknesses. The company's extensive product lineup adheres to the stringent quality standards set by the Bureau of Indian Standards (BIS), encompassing IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. Furthermore, Sylvan Plyboard has earned ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its commitment to quality management, environmental stewardship, and occupational health and safety. Operating out of a state-of-the-art manufacturing facility located in Hooghly, West Bengal, the company serves a wide array of industries including shipping, construction, real estate, interior decor, furniture, aviation, education, healthcare, transport, banking, and government infrastructure projects. With a robust network of 223 authorized dealers across 13 states and a dedicated workforce of 817 employees as of June 2024, Sylvan Plyboard (India) Ltd stands as a prominent player in the wood product manufacturing sector.
Strength Factors
Established and Proven Track Record: Sylvan Plyboard (India) Ltd boasts a long-standing history since its incorporation in 2002, consistently delivering high-quality wood products that meet stringent BIS standards and international certifications.
Experienced Leadership: The company leverages the extensive experience of its promoters, ensuring strategic direction and steady growth, backed by a management team with significant industry expertise.
Skilled Workforce: Sylvan Plyboard benefits from a motivated and efficient workforce of 817 employees, whose dedication and expertise drive the company’s operational success and innovation in product offerings.
Risk Factors
Legal Proceedings: Sylvan Plyboard, along with its directors, promoters, and group companies, is involved in certain legal proceedings. Adverse decisions in these cases could significantly impact the company's business, operational results, and financial health.
Expansion Plan Challenges: The Company’s financial condition and operational outcomes could suffer if it fails to effectively implement its proposed expansion plans.
Procurement Delays: Delays in ordering or procuring machinery for the expansion of the manufacturing facility could disrupt the implementation schedule and potentially increase the operational costs.
Sylvan Plyboard IPO Lead Manager(s)
- Finshore Management Services Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html