July 1, 2024
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Sylvan Plyboard IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Sylvan Plyboard IPO Post Listing Review:
The scrip is listed at Rs. 66, premium of 20% over the issue price. The listing has been quite above the expectations of the grey market.
What was the last GMP of Sylvan Plyboard IPO?
GMP Rs. 27
Subject to Rates Rs. 41000
Subscription status of Sylvan Plyboard IPO
Sylvan Plyboard Subscription ClosedPrice Rs. 55 Lot 2000 shares |
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| QIB | NII x | RII x | Total x | Applications |
| – | 75.42 | 84.11 | 84.03 | 1,01,854 / 84.11 x |
What is the business of Sylvan Plyboard?
Incorporated in the year 2002, the Company is engaged into manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness. In the year 1951, Jai Prakash Singh (Whole Time Director of the company and father of the promoter) through his proprietorship concern, M/s. Singh Brothers & Co., started the business as a trading concern of indigenous timber logs and subsequent selling the same in Indian market. Leveraging the knowledge of timber products and domestic market, in the year 2004, the Company acquired ongoing business of M/s. Singh Brothers & Co. (Proprietorship Firm). Over the period, after establishing itselves in
trading of timber products, it diversified its 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.).
It is dedicated to constantly expanding and updating its product range in order to stay ahead in the market. Its range of products under its manufacturing capabilities is summarized as under:
• Plywood, Block Boards & Flush Doors
• Veneer
• Sawn Timber
The Company markets its products under the brand name of “Sylvan”, through its network of Authorized Dealers and Authorized Sub Dealers. The Company has 223 Authorized Dealers present across 13 states.
It has more than 12 numbers of plywood products in its basket, thickness ranging from 4 mm to 40 mm. Plywood segment (including Block Board and Flush Door) contributes approx. 81.74% of the revenue from operations.
Get more information about the company @ http://www.sylvanply.com/
| Sylvan Plyboard IPO Details | |
| IPO opens on | 24 June 2024 |
| IPO closes on | 26 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5100000 Shares / Rs 28.05 Crore |
| * Fresh Issue | 5100000 Shares / Rs 28.05 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 256000 Shares |
| Net offer to Public | 4844000 Shares/ Rs.26.64 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.55 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Sylvan Plyboard IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 2422000 | 13.32 |
| RII (50%) | 2422000 | 13.32 |
| Total Shares | 4844000 | 26.64 |
| Retail portion will be oversubscribed by | 1211 | |
| Forms | ||
| How much Shares to Apply in Sylvan Plyboard IPO? | ||
| Min Retail Application | 2000 Shares | Rs.110000 |
| Min HNI Application | 4000 Shares | Rs.220000 |
Who are the Promoters of Sylvan Plyboard IPO?
The promoters of Sylvan Plyboard are M/s. Singh Suppliers Private Limited, Mr Anand Kumar Singh, Mr Jai Prakash Singh, Mrs Shakuntala Singh and Mrs Kalyani Singh.
What are the Objects of Sylvan Plyboard IPO?
The Offer comprises of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1) Funding Capital Expenditure towards the purchase of additional plant and machinery
2) To meet the Working Capital Requirements
3) To meet the Issue Expenses
4) General Corporate Purposes
| Sylvan Plyboard IPO Tentative timetable | |
| IPO opens on | 24 June 2024 |
| IPO Closes on | 26 June 2024 |
| IPO Allotment on | 27 June 2024 |
| Refund Initiation | 28 June 2024 |
| Credit of Shares | 28 June 2024 |
| Listing on | 1 July 2024 |
| Registered Office of the Company Sylvan Plyboard (India) Ltd NH-2, Delhi Road, Champsara, Chinnamore, Baidyabati Hooghly – 712222 |
| Who is the Lead Manager of Sylvan Plyboard IPO? Finshore Management Services Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Sylvan Plyboard IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 110.29 | 0.37 | 0.27 | 0.46 |
| 2021-22 | 172.93 | 3.05 | 2.24 | 3.69 |
| 2022-23 | 199.15 | 3.52 | 2.53 | 4.00 |
| Book Value of the Share on | 31.12.2023 | Rs 66.25 | ||
| BV of the Share at cap price | after the IPO | Rs. 61.69 | ||
| Offer Price/upper band | Rs. 55 | |||
| Sylvan Plyboard IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 21.74 |
| Price/BV Ratio | ? |
| Upper price/BV after IPO | – |
How Sylvan Plyboard IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Sylvan Plyboard | 10 | 198 | 21.74 |
| Archid Plyboard | 10 | 415 | 13.46 |
| Duroply Industries | 10 | 302 | 40.65 |
| The Western India | 10 | 107 | 31.41 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sylvan Plyboard IPO To the point Guidance
Incorporated in the year 2002, the Company is engaged into manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness.
Size: The net offer is of Rs. 26.64 Crore/4844000 shares. Retail portion is Rs. 13.32 crore and it can get one time subscribed with 1211 applications. The size of the IPO is not very large.
Financial Snapshot: The total income and the net profits have moved up sharply in the year 2022-23 as compared to the year 2020-21. and after such sharp rise in the net profits, the company has shown EPS of Rs.2.53 for the year 2022-23.
Subsequent to the end of the accounting year 2022-23, the company issued Rights shares and bonus shares and the share capital has moved up to 14274830 shares from 9296361 shares as on 31.03.2023. Based on the reworked EPS, the shares are offered at PE multiple of 21.74. The Book value of the share after the IPO will be Rs. 61.69, whereas the shares are offered at Rs. 55. So, the offer price is below the book value of the share after the IPO. This is surprising and unbelievable. Not so attractive.
Quicklinks
Sylvan Plyboard IPO GMP today details?
Sylvan Plyboard IPO
Sylvan Plyboard IPO FAQs
What is Sylvan Plyboard IPO?
Sylvan Plyboard is a SME IPO of 6432000 equity shares of the face value of Rs. 10 aggregating up to Rs.64.32 Crores. The issue is priced at Rs.100 per share. The minimum order quantity is 1200 Shares.
When will Sylvan Plyboard IPO open?
Sylvan Plyboard IPO opens on June 24, 2024, and closes on June 26, 2024.
What is the lot size of Shivalik Power Control IPO?
Sylvan Plyboard IPO lot size is 1200 Shares, and the minimum amount required is Rs.120000.
How to apply for Sylvan Plyboard IPO?
You can apply in Sylvan Plyboard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Sylvan Plyboard IPO allotment?
The finalization of Basis of Allotment for Sylvan Plyboard IPO will be done on 28 June 2024, and the allotted shares will be credited to your demat account by June 28, 2024.
When is Sylvan Plyboard IPO listing date?
Sylvan Plyboard IPO listing date is July 1, 2024.
