Sylvan Plyboard (India) Ltd IPO

Incorporated in the year 2002, Sylvan Plyboard (India) Limited is engaged into manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness. The company operates a manufacturing facility that is equipped with the latest machinery and technology situated at NH-2, Delhi Road, Champsara, Chinnamore, Baidyabati, Hooghly-712222, West Bengal, which is spread over an area of approx. 11.61 acres (5,05,732 sq. ft.).

Open Demat Account

50years

Sylvan Plyboard (India) Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
51 LTBA24.22 L138 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
24 Jun, 2426 Jun, 242000 TBA Fixed Price - SME01 Jul, 24

Sylvan Plyboard (India) Ltd IPO Dates

  • 24 Jun 2024

    Opening date

  • 26 Jun 2024

    Closing date

  • 27 Jun 2024

    Basis of
    Allotment

  • 28 Jun 2024

    Initiation of
    Refunds

  • 28 Jun 2024

    Credit of
    Shares

  • 01 Jul 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x020686000
NII67.49x2422000163452000
Retail89.24x2422000216132000
Employee0x00
Total78.48x5100000400270000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Sylvan Plyboard (India) Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations6.956.032.46
EBITDA9.298.134.41
PAT3.533.050.37
Total Assets176.16155.70142.39
Share Capital9.309.099.09
Total Borrowings57.9248.8450.95
Operating Activities (Net Cash)5.875.152.32
Investing Activities (Net Cash)-0.840.000.00
Financing Activities (Net Cash)57.9248.8450.95
Net Cashflow3.105.584.10

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Sylvan Plyboard (India) Ltd

Sylvan Plyboard (India) Limited was originally incorporated as a Private Limited Company in the name of Singh Brothers Exim Private Limited on August 02, 2002 under the provisions of Companies Act, 1956 bearing Corporate Identification Number U51431WB2002PTC095027 issued by Registrar of Companies - West Bengal. Subsequently the name of the company was changed to Sylvan Plyboard (India) Private Limited vide a fresh Certificate of Incorporation consequent upon Change of Name dated March 05, 2013 bearing Corporate Identification Number U51431WB2002PTC095027 issued by Registrar of Companies - West Bengal. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to Sylvan Plyboard (India) Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 19, 2018 bearing Corporate Identification Number U51431WB2002PLC095027 issued by Registrar of Companies - Kolkata.

India's tropical plywood production is based largely on imported tropical logs and has also expanded significantly over the last decade, growing year-on-year between 2016 and 2019 and amounting to 10 million m3 in 2019. Production has moderated at 10.0 million m3 annually between 2019 and 2022. India's tropical plywood production typically uses species such as: keruing (gurjan) from Myanmar for face veneer; balau, merbau and keruing from Malaysia; teak from Myanmar and other suppliers; and domestic plantation species for core veneer. With log export restrictions implemented in most Southeast Asian supplying countries, Indian plywood manufacturers continue to face difficulties in securing raw material along with reduced availability and rising costs of log imports from other supplying countries, intensified by a weakening currency in 2022 and early 2023, and rising costs of labour. In response to these issues, Indian manufacturers have increased log imports from other suppliers (particularly PNG, the Solomon Islands and African suppliers) as well as importing gurjan veneer from Lao PDR and okoume veneer from Gabon, where a number of Indian companies have invested in veneer production facilities. In 2023, plywood manufacturers have reported cuts in production in response to limited raw material supplies and increased input prices, particularly resin, with plywood mills reporting competition for raw materials with new MDF and particleboard plants. India's tropical plywood consumption has remained relatively stable over the last five years and totalled 10.0 million m3 in 2021 and 2022. As a proportion of India's total panel consumption, plywood consumption is relatively high (about 78 percent) although MDF and particleboard are reportedly increasing their market share. The Indian plywood market is primarily driven by construction activity and the home furnishing sector. Growth in consumer disposable income levels along with rising expenditure on home décor has supported demand for wood-based panels, including plywood57, boosted by a government policy shift to demand-side stimulus and more public investment. Although air pollution had slowed construction activity in late 2022, weakening the demand for plywood, later improvements in air quality had allowed construction work to resume and had lifted demand for plywood. In 2023, demand for plywood is expected to be boosted by the product's acceptance for use in tier 3 and rural markets as a cost-effective alternative to traditional wood shuttering.

Peer Comparison:

  • Archidply Industries Ltd
  • Duroply Industries Ltd
  • Western India Plywoods Ltd

Sylvan Plyboard (India) Ltd IPO Key Points

Strengths

  • Established and proven track record.
  • Leveraging the experience of its Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with its customers.
  • Quality Assurance & Control.

Risk

  • The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • If the company is unable to successfully implement its proposed expansion plans; the company results of operations and financial condition could be adversely affected.
  • The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

Strategy

  • Increasing plywood production.
  • Increasing focus on lower-middle class segment.
  • Increasing focus on lower-middle class segment.
  • Cost reduction initiative.
  • Increasing marketing activity.
  • Established and proven track record.
  • Leveraging the experience of its Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with its customers.
  • Quality Assurance & Control.

How To Apply for Sylvan Plyboard (India) Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Sylvan Plyboard (India) Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 24, 2024 and ends on Jun 26, 2024.

The price of Sylvan Plyboard (India) Ltd IPO ranges between ₹0 to ₹0 per share.

The Sylvan Plyboard (India) Ltd IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.

The allotment for the Sylvan Plyboard (India) Ltd IPO will be finalised on Jun 27, 2024. The shares will be listed on BSE and NSE on Jul 1, 2024.

The minimum lot size for Sylvan Plyboard (India) Ltd IPO is 2000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of Sylvan Plyboard (India) Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Sylvan Plyboard (India) Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Sylvan Plyboard (India) Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 24, 2024, and closes on Jun 26, 2024. The allotment is finalised on Jun 27, 2024.

To apply for the Sylvan Plyboard (India) Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.