Sylvan Plyboard India Ltd IPO: Review, Valuation, Date & GMP

Sylvan Plyboard (India) Ltd IPO: Complete Overview

Sylvan Plyboard (India) Ltd, founded in 2002, manufactures a variety of wood products, including plywood, block board, flush door, veneer, and sawn timber in a range of grades and thicknesses. The company has 223 registered dealers spread throughout 13 states.

The company's product portfolio includes the following.

1. Plywood, Block Boards and Flush Doors

2. Veneer 

3. Sawn Timber

The company's goods fulfill the Bureau of Indian Requirements' (BIS) quality requirements, which include 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 and Safety Management System) certifications for manufacturing and delivering Venner, Plywood, Block Board, and Flush Door.

The company's manufacturing site is located in Hooghly, West Bengal. The items are used in industries such as shipping, construction, real estate, interior design, furniture, aviation, education, hospitals, transportation, banking, and government projects that require plywood for commercial and residential infrastructure.

As of June 2024, the company employed a total of 817 people across several departments.

Dear readers today we are ready with details of Sylvan Plyboard (India) Ltd IPO. The company is all set to offer its IPO on June 24, 2024. 

Let's see this IPO's offerings in detail below.  

Sylvan Plyboard (India) Ltd IPO Overview

Sylvan Plyboard (India) Ltd IPO is an SME IPO that has a Fixed Price Issue of 28.05 crores. The issue is a wholly fresh issue of 51 lacs shares valued at up to Rs.28.05 crore. The IPO will be available to investors on June 24, 2024, and will conclude on June 26, 2024. The proposed listing date for the IPO is Monday, July 1, 2024, and it will take place on the NSE and SME. Each share is priced at Rs.55.

If You want to apply for this IPO, Click Here to Open a Demat Account.

Company Financial

Below is the synopsis of Sylvan Plyboard (India) Ltd's financial data for the financial year that concluded on 31 March 2023.

• The company’s revenue or turnover is Rs.100 crore - 500 crore.

• The net worth of the company has increased by 6.38%.

• The company's EBITDA has increased by 24.26%.

• The total assets of the company have increased by 12.42%.

• The company's liabilities have gained by 21.35%.

(Amount in Lacs)

Period	31 Dec 2023	31 Mar 2023	31 Mar 2022
Total Assets	21,726.74	20,398.47	18,142.32
Total Revenue	16,193.24	19,915.32	17,292.63
PAT	447.98	352.85	305.31
Net worth	447.98	352.85	305.31
Reserve & Surplus	8,029.28	7,882.14	7,374.05
Total Borrowings	6,454.53	5,500.55	4,579.24

 

Revenue Bifurcation

The following are the facts offered in various firm activities. Let's take a look at it to gain a better idea of the company's success.

(Amount in Lacs)

Cash flow (Net) in various Activities.	31 December 2023	31 March 2023
Cash Flow from Operating Activities	884.11	208.28
Cash Flow from Investing Activities	27.38	411.37
Cash Flow from Financing Activities	299.25	781.87

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill:

• Funding for capital investments for the acquisition of extra plant and machinery.

• Working Capital Requirements.

• To Issue Expenses.

• General Corporate Purposes.

 

Peers of Sylvan Plyboard (India) Ltd

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E
Archidply Industries Limited	10	6.15	13.46
Duroply Industries Limited	10	7.40	40.65
The Western India Plywoods Limited	10	4.87	31.41

 

Evaluation

Each share in the IPO is priced at Rs. 55.

Evaluation of P/E Ratio

The P/E Ratio of Sylvan Plyboard (India) Ltd IPO is 21.74.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 28.51. 

Particulars	P/E Ratio
Highest	40.65
Lowest	13.46
Average	28.51

 

IPO's Strengths

• Recognition of Brands.

• Wide partner network.

• A large and integrated manufacturing plant.

• Geographical advantage.

• Entrance barrier.

• Particularized product portfolio.

• A skilled management team.

• Quality assurance and accrediting.

• Innovation and research.

 

IPO’s Weaknesses 

• The company relies on providers to offer superior timber. Supply chain interruptions can significantly affect production and cause delivery delays.

• Operating a plywood manufacturing business involves significant capital investment in contemporary machinery, as well as high raw material and labor costs.

• High operating expenses can reduce corporation margins and limit market competitiveness.

• The plywood sector is extremely competitive. Saturation may result in higher prices and fewer growth opportunities. The company faces competition from established industry companies with stronger financial positions, market share, product offerings, and human resources.

 

IPO GMP Today

The Latest GMP of Sylvan Plyboard (India) Ltd IPO is Rs.25

 

Sylvan Plyboard (India) Ltd IPO Timetable (Tentative)

The IPO is scheduled from June 24 to June 26, 2024, with allotment on June 27, refund initiation on June 28, and listing on July 1, 2024.

Events	Date
IPO Opening Date	June 24, 2024
IPO Closing Date	June 26, 2024
IPO Allotment Date	June 27, 2024
Refund Initiation	June 28, 2024
IPO Listing Date	July 1, 2024

 

Sylvan Plyboard (India) Ltd IPO Details 

The IPO with a face value of Rs.10 per share is set to start on June 24 and close on 26 June and will offer a total issue size of 5,100,000 shares (aggregating up to Rs.28.05 Cr).

IPO Opening & Closing Date	June 24, 2024 to June 26, 2024
Face Value	Rs.10 per share
Issue Price	Rs.55
Lot Size	2000 Shares
Price of 1 lot	Rs. 110000
Issue Size	5,100,000 shares (aggregating up to Rs.28.05 Cr).
Offer for Sale	-
Fresh Issue	5,100,000 shares (aggregating up to Rs.28.05 Cr).
Listing at	NSE, SME
Issue Type	Fixed Price Issue IPO
Registrar	Bigshare Services Pvt Ltd

 

 

Sylvan Plyboard (India) Ltd IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 lot (2000 shares) at Rs.110000 while for HNI investors, the minimum lot is 2 (4000 shares) at Rs.220000.

Minimum Lot Investment (Retail)	1 lot
Maximum Lot Investment (Retail)	1 lot
HNI (Min)	2 lot

 

Sylvan Plyboard (India) Ltd IPO Reservation

Other’s Share Portion	50%
Retail Investors’ Share Portion	50%

 

Promoters and Management of Sylvan Plyboard (India) Ltd IPO

• M/s. Singh Suppliers Private Limited,

• Mr. Anand Kumar Singh,

• Mr. Jai Prakash Singh, 

• Mrs. Shakuntala Singh and

• Mrs. Kalyani Singh.

Pre-issue Promoter shareholding	99.80%
Post-issue Promoter shareholding	71.23%

 

Sylvan Plyboard (India) Ltd IPO Lead Managers

• Finshore Management Services Limited.

 

Dividend Policy

The company has not paid any Dividends in the last three Financial Years.

 

Conclusion

The company has noticed the growth in its net revenue, and total assets in the previous Financial Year(s). To achieve its goals, the company is currently launching an initial public offering to the general public.

Hope the information presented in this blog will help you in letting you know about the company’s financial performance.

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.

 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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