Sylvan Plyboard (India) IPO

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24th – 26th Jun 2024
01 Jul 2024
₹55 – ₹55
2000 shares (₹110000)

Schedule

Issue open date 24 Jun 2024
Issue close date 26 Jun 2024
UPI mandate deadline 26 Jun 2024 (5 PM)
Allotment finalization 27 Jun 2024
Refund initiation 28 Jun 2024
Share credit 28 Jun 2024
Listing date 01 Jul 2024
Mandate end date 11 Jul 2024
Lock-in end date for anchor investors (50%) 27 Jul 2024
Lock-in end date for anchor investors (remaining) 25 Sep 2024

About

Sylvan Plyboard (India) Ltd’s IPO is launching on June 24, 2024, with subscriptions closing on June 26, 2024. Established in 2002, the company specializes in the manufacturing of various wood products such as plywood, block board, flush door, veneer, and sawn timber in a variety of grades and thicknesses. The company’s products include plywood, block board, flush door, veneer, and sawn timber, catering to various customer segments. There are currently 223 Authorized Dealers for the company operating in 13 states.

The manufacturing facility is located in Hooghly, West Bengal, with an integrated manufacturing process to minimize dependency on third parties. The company’s products meet the quality standards of the Bureau of Indian Standards (BIS) and have received ISO certifications for Quality Management, Environmental Management, and Occupational Health & Safety Management. Shipping, construction, real estate, interior decor, furniture, aviation, education, hospitals, transportation, banking, and government projects are among the industries that use the company’s products.

Funds Raised in the IPO Amount
Overall ₹28.05 crores
Fresh Issue ₹28.05 crores
Offer for sale

Financial Snapshot

Financial Year Ended March 2021 March 2022 March 2023 December 2023
Total Assets 1,655.08 1,814.23 2,039.84 2,172.67
Revenue 1,102.89 1,729.26 1,991.53 1,619.32
Profit After Tax 3.70 30.53 35.28 44.79
EPS 0.27 2.24 2.53 3.14

*All figures except EPS are in ₹ Crores

Risk factors

  • Raw Material Price Fluctuations: The company’s cost of production is exposed to fluctuations in raw material prices, particularly timber. The inability to control factors affecting prices or pass on increased costs to customers may affect margins, profitability, and affordability of products.
  • Counterfeit Products: The availability of counterfeit products in domestic markets, passing off as the company’s products, could adversely affect goodwill and results of operations. Measures to protect brands and intellectual property may not be adequate, and legal proceedings may not prevent unauthorized use by third parties, impacting revenue and reputation.
  • Legal Proceedings: The company, directors, promoters, and group companies are involved in certain legal proceedings. Any adverse decision in these proceedings could have a material adverse effect on the business, results of operations, and financial condition.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by June 28, 2024, on the Registrar’s website and the NSE website.