Sylvan Plyboard IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 24 to Jun 26 2024
Price Band
₹55
Current GMP
₹66(22.00%)
Subscription
84.03 times
IPO Details
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total 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 |
IPO Date
June 24, 2024 to June 26, 2024
Listing Date
Monday, July 1, 2024
Face Value
₹10 per share
Price
₹55 per share
Lot Size
2000 Shares
Total 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 75.42 |
| Retail Investors | 84.11 |
| Total ** | 84.03 |
Market Maker
1
Non-Institutional Buyers***
75.42
Retail Investors
84.11
Total **
84.03
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Jun 24, 2024 | 0.93 | 2.72 | 2.07 |
| Day 2 Jun 25, 2024 | 3.45 | 14.73 | 9.33 |
| Day 3 Jun 26, 2024 | 75.42 | 84.11 | 84.03 |
DayDay 1
Jun 24, 2024
NII*0.93
Retail2.72
Total2.07
DayDay 2
Jun 25, 2024
NII*3.45
Retail14.73
Total9.33
DayDay 3
Jun 26, 2024
NII*75.42
Retail84.11
Total84.03
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-07-2024 | 55.00 | 27(49.09%) | 82 |
| 30-06-2024 | 55.00 | 27(49.09%) | 82 |
| 29-06-2024 | 55.00 | 27(49.09%) | 82 |
| 28-06-2024 | 55.00 | 27(49.09%) | 82 |
| 27-06-2024 | 55.00 | 27(49.09%) | 82 |
| 26-06-2024 | 55.00 | 25(45.45%) | 80 |
| 25-06-2024 | 55.00 | 30(54.55%) | 85 |
| 24-06-2024 | 55.00 | 30(54.55%) | 85 |
| 23-06-2024 | 55.00 | 28(50.91%) | 83 |
| 22-06-2024 | 55.00 | 28(50.91%) | 83 |
| 21-06-2024 | 55.00 | 15(27.27%) | 70 |
| 20-06-2024 | 55.00 | 15(27.27%) | 70 |
| 19-06-2024 | 55.00 | 15(27.27%) | 70 |
| 18-06-2024 | 55.00 | 0(0.0%) | 55 |
Date01-07-2024
Price55.00
GMP27(49.09%)
Estimate List Price82
Date30-06-2024
Price55.00
GMP27(49.09%)
Estimate List Price82
Date29-06-2024
Price55.00
GMP27(49.09%)
Estimate List Price82
Date28-06-2024
Price55.00
GMP27(49.09%)
Estimate List Price82
Date27-06-2024
Price55.00
GMP27(49.09%)
Estimate List Price82
Date26-06-2024
Price55.00
GMP25(45.45%)
Estimate List Price80
Date25-06-2024
Price55.00
GMP30(54.55%)
Estimate List Price85
Date24-06-2024
Price55.00
GMP30(54.55%)
Estimate List Price85
Date23-06-2024
Price55.00
GMP28(50.91%)
Estimate List Price83
Date22-06-2024
Price55.00
GMP28(50.91%)
Estimate List Price83
Date21-06-2024
Price55.00
GMP15(27.27%)
Estimate List Price70
Date20-06-2024
Price55.00
GMP15(27.27%)
Estimate List Price70
Date19-06-2024
Price55.00
GMP15(27.27%)
Estimate List Price70
Date18-06-2024
Price55.00
GMP0(0.0%)
Estimate List Price55
IPO Important Dates
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
IPO Open Date
Monday, June 24, 2024
IPO Close Date
Wednesday, June 26, 2024
Basis of Allotment
Thursday, June 27, 2024
Initiation of Refunds
Friday, June 28, 2024
Credit of Shares to Demat
Friday, June 28, 2024
Listing Date
Monday, July 1, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 26, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹110,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹110,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹220,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 21,726.74 | 20,398.47 | 18,142.32 |
| Revenue | 16,193.24 | 19,915.32 | 17,292.63 |
| Profit After Tax | 447.98 | 352.85 | 305.31 |
| Net Worth | 9,456.77 | 8,811.78 | 8,283.26 |
| Reserves and Surplus | 8,029.28 | 7,882.14 | 7,374.05 |
| Total Borrowing | 6,454.53 | 5,500.55 | 4,579.24 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 202321,726.74
31 Mar 202320,398.47
31 Mar 202218,142.32
Period EndedRevenue
31 Dec 202316,193.24
31 Mar 202319,915.32
31 Mar 202217,292.63
Period EndedProfit After Tax
31 Dec 2023447.98
31 Mar 2023352.85
31 Mar 2022305.31
Period EndedNet Worth
31 Dec 20239,456.77
31 Mar 20238,811.78
31 Mar 20228,283.26
Period EndedReserves and Surplus
31 Dec 20238,029.28
31 Mar 20237,882.14
31 Mar 20227,374.05
Period EndedTotal Borrowing
31 Dec 20236,454.53
31 Mar 20235,500.55
31 Mar 20224,579.24
Key Performance Indicator
| ROE | 4.90% |
| ROCE | 7.56% |
| Debt/Equity | 0.68 |
| RoNW | 4.74% |
| P/BV | 0.83 |
| PAT Margin (%) | 2.77 |
| EPS (Rs) | 2.47 |
ROE
4.90%
ROCE
7.56%
Debt/Equity
0.68
RoNW
4.74%
P/BV
0.83
PAT Margin (%)
2.77
EPS (Rs)
2.47
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 256,000 (5.02%) |
| Other Shares Offered | 2,422,000 (47.49%) |
| Retail Shares Offered | 2,422,000 (47.49%) |
| Total Shares Offered | 5,100,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
256,000 (5.02%)
Other Shares Offered
2,422,000 (47.49%)
Retail Shares Offered
2,422,000 (47.49%)
Total Shares Offered
5,100,000 (100%)
Information about company
Incorporated in 2002, Sylvan Plyboard (India) Ltd 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. The company has 223 Authorized Dealers present across 13 states.
The product range of the company consists of the following
Plywood, Block Boards & Flush Doors
Veneer
Sawn Timber
The company's products meet the quality standards of the Bureau of Indian Standards (BIS), including IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. The company has also received ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) certifications for manufacturing and supplying Venner, Plywood, Block Board, and Flush Door.
The manufacturing facility of the company is situated in Hooghly, West Bengal.
The products are supplied to industries such as shipping, construction, real estate, interior decor, furniture, aviation, education, hospital, transport, banking, and government projects where plywood is needed for commercial and residential infrastructure.
As of June 2024, the company has a total of 817 employees at various departments.
Objectives of IPO
The Objects of the Issue are:
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
Disclaimer
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