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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹28.05 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹28.05 Cr |
| Fresh Issue | ₹26.64 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹55.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SYLVANPLY |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 3.71 |
| 2 | Working Capital Requirements | 16.93 |
| 3 | Issue Related Expenses | 3.10 |
| 4 | General Corporate Expenses | 4.30 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 217.27 | 203.98 | 181.42 | 165.51 |
| Total Income | 161.93 | 199.15 | 172.93 | 110.29 |
| Profit After Tax | 4.48 | 3.53 | 3.05 | 0.37 |
| NET Worth | 94.57 | 88.12 | 82.83 | 79.78 |
| Reserves and Surplus | 80.29 | 78.82 | 73.74 | 70.69 |
| Total Borrowing | 64.55 | 55.01 | 45.79 | 47.01 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 4.90% |
| ROCE | 7.56% |
| Debt / Equity | 0.68% |
| RoNW | 4.74% |
| PAT Margin | 2.77% |
| Price to Book Value | 0.83 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.47 | 3.08 |
| P/E (x) | 22.25 | 17.84 |
| Promoter Holding | 99.80% | 71.23% |
| Market Cap | ₹106.56 Cr. | |
