IPO Details
Bidding Dates
24 Jun '24 - 26 Jun '24
Minimum Investment
₹1,10,000/1 Lot ( 2,000 Shares )
Price Range
₹55
Maximum Investment
₹1,10,000/1 Lot ( 2,000 Shares )
Retail Discount
Not Applicable
Issue Size
₹28.05 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |Sylvan Plyboard India Limited IPO Important Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jun 24, 2024
Closing Date
Jun 26, 2024
Allotment Date
Jun 27, 2024
Initiation of Refunds
Jun 28, 2024
Credit of Shares to Demat
Jun 28, 2024
Listing Date
Jul 1, 2024
Cut-off time for UPI mandate confirmation
Jun 26, 2024
About Sylvan Plyboard India Limited
Incorporated in 2002, Sylvan Plyboard (India) Ltd specialises in manufacturing a wide range of wood products, including plywood, block board, flush doors, veneer, and sawn timber across various grades and thicknesses. With 223 authorised dealers spanning 13 states, the company's extensive product line caters to diverse customer needs.
Sylvan Plyboard's offerings include premium products like “Sylvan Z+ Premium Plus,” middle segment products such as “Robusta Premium” and “Primo Plus,” and economical options like “Sylvan Blu.” They also provide Boiling Water-Proof (BWP) and Boiling Water-Resistant (BWR) plywood. The plywood segment, including block boards and flush doors, constitutes approximately 81.74% of the company's revenue.
The company's products adhere to the Bureau of Indian Standards (BIS) and have earned ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Their manufacturing facility, strategically located near Kolkata Port Trust in Hooghly, West Bengal, integrates the entire production process in-house, minimising costs and reliance on third parties. The facility includes features such as ponds for timber moisturising, an in-house resin/glue production unit, and a thermic fluid heater unit.
Sylvan Plyboard supplies products to industries such as shipping, construction, real estate, interior decor, furniture, aviation, education, hospitals, transport, banking, and government projects. As of June 2024, the company employs 817 individuals across various departments.
Industry Outlook:
- In 2021, global merchandise trade rebounded by 9.7%, recovering from a 5.2% decline in 2020, driven by economic growth and consumer demand.
- India produced 48.0 million m³ of tropical logs in 2021 and 2022, with state-owned forests contributing about 2 million m³ annually.
Sylvan Plyboard India Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- 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
Peer Details
The companies considered by Sylvan Plyboard India as its peers include:
- Archidply Industries Ltd.
- Duroply Industries Ltd.
- The Western India Plywoods Limited
How to Check the Allotment Status of the Sylvan Plyboard India Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Sylvan Plyboard India Limited
Registered office: NH-2, Delhi Road, Champsara, Chinnamore, Baidyabati, Hooghly – 712222, West Bengal, India
Phone: +91 33 4801 7916
E-mail: cs@sylvanply.com
Financial Performance
| Particulars | For the period ended on December 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Revenue (in ₹ lakh) | 16,193.24 | 19,915.32 | 17,292.63 | 11,028.91 |
| Profit After Tax (PAT) (in ₹ lakh) | 447.98 | 352.85 | 305.31 | 37.09 |
| Cash & Cash Equivalents (in ₹ lakh) | 1,653.58 | 310.26 | 558.15 | 410.31 |
| Net Worth (in ₹ lakh) | 9,456.77 | 8,811.78 | 8,283.26 | 7,977.95 |
| Debt to Equity Ratio(x) | 0.68 | 0.62 | 0.55 | 0.59 |
| Return on Net Worth (%) | 4.74 | 4.00 | 3.69 | 0.46 |
| Return on Capital Employed (RoCE) (%) | 7.56 | 7.53 | 6.56 | 4.82 |
| Earning Per Share (EPS)-in absolute ₹ | 3.14 | 2.53 | 2.24 | 0.27 |
Know before investing
Strengths
6-
Experienced promoter in the timber and plywood industry
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Integrated manufacturing facility with complete in-house processes.
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In-house timber logs procurement to packaging.
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Strong presence in West Bengal and Eastern India.
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Established the brand image of “Sylvan” for a decade.
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Quality products with satisfactory after-sales services.
Risks
6-
Competition from larger, experienced players with stronger resources.
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Increasing focus on MDF products by major competitors.
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Rising raw material costs affecting profitability significantly.
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Fluctuating demand influenced by economic conditions and trends.
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Dependence on suppliers for high-quality timber supply.
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High operating costs due to capital investment and labor expenses.
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Sylvan Plyboard (India) Ltd IPO (Sylvan Plyboard IPO) FAQs
Sylvan Plyboard India Limited IPO is a fixed price IPO. The IPO will be open from June 24, 2024 to June 26, 2024.
The Basis of Allotment will happen on Thursday, June 27, 2024.
The IPO subscription window will open on June 24, 2024.
The lot size for Sylvan Plyboard India Limited’s IPO is 1 lot of 2,000 shares, with a minimum investment of ₹1,10,000.
The listing date for Sylvan Plyboard India Limited is Monday, July 1, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
