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SME IPO Status: Listed [24th Jun 2024 to 26th Jun 2024]
Sylvan Plyboard IPO, a SME IPO of ₹28.05 Cr was launced on 24-06-2024 to 26-06-2024 and the shares got listed on NSE SME on 01-07-2024.
The public issue of Sylvan Plyboard IPO (SYLVANPLY) was offered at ₹55.00 per share and the ipo was listed at ₹66.00. It has delivered listing gain of 20.00%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 22000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 24th Jun 2024 |
| SME IPO Issue Closing Date: | 26th Jun 2024 |
| SME IPO Issue Price: | ₹55.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹28.05 Cr |
| Fresh Issue: | ₹28.05 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.80% |
| Promoter Holding Post IPO: | 71.23% |
| Allotment Status: | Allotment Status |
| NSE Code: | SYLVANPLY |
Get important updates regarding Sylvan Plyboard SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Jun 2024 |
| Refunds Initiation* | 28th Jun 2024 |
| Credit of Shares to Demat* | 28th Jun 2024 |
| SME IPO Listing Date* | 1st Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹55.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹110000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹220000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 01-07-2024 | 55.00 | 27 | 41000 | ₹82 (49.09%) | 1-Jul-2024 10:32 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sylvan Plyboard manufactures wood products. Its product offerings include Plywood, Block board, flush door, veneer, and swan timber of different grades and thicknesses.
The company generates 80%+ of its revenue from plywood products segment including Block Board and Flush Door. Sylvan Z+ Premium Plus is the most premium plywood offering by the company whereas Robusta Premium” & “Primo Plus” for middle segment and “Sylvan Blu” which is aimed at lower class segment.
It has 223 authorized dealers across 13 states of India including West Bengal, Bihar, UP, Rajasthan, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Andaman & Nicobar, and others. It sell its products to customers in various industries such as Construction, Plywood, Shipping, Real estate, Interior Decor, Aviation, Hospital, Transport, etc.
The company has a manufacturing facility in Baidyabati, West Bengal over 11.61 acres. Currently, it has 2,43,644 sq. ft. approx. under plywood manufacturing capacity which can be expanded further.
| Incorporation | Sector | IPO Issue Size | Website |
| 2002 | Plywood | ₹28.05 Cr | http://www.sylvanply.com/ |
The Objects of the Issue are:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,422,000 (50%) | 2,422,000 (50%) | 4,844,000 | |
| 1 | 24th Jun 2024 19:31 | 0.93x | 2.72x | 2.07x |
| 2 | 25th Jun 2024 19:31 | 3.45x | 14.73x | 9.33x |
| 3 | 26th Jun 2024 18:21 | 75.42x | 84.11x | 84.03x |
Sylvan Plyboard (India) Ltd's revenue increased by 15.17% and profit after tax (PAT) rose by 15.57% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 21,726.74 | 20,398.47 | 18,142.32 | 16,550.83 |
| Revenue | 16,193.24 | 19,915.32 | 17,292.63 | 11,028.91 |
| Profit After Tax | 447.98 | 352.85 | 305.31 | 37.09 |
| Net Worth | 9,456.77 | 8,811.78 | 8,283.26 | 7,977.95 |
| Reserves and Surplus | 8,029.28 | 7,882.14 | 7,374.05 | 7,068.74 |
| Total Borrowing | 6,454.53 | 5,500.55 | 4,579.24 | 4,701.16 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sylvan Plyboard (India) Ltd | 2.53 | 63.19 | 21.74 | 4 | ||
| Archidply Industries Ltd. | 6.15 | 52.25 | 13.46 | 11.78 | ||
| Duroply Industries Ltd | 7.4 | 111.18 | 40.65 | 5.91 | ||
| The Western India Plywoods Limited | 4.87 | 57.23 | 31.41 | 8.51 |
Last Updated on 05-Jul-2024 00:33:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sylvan Plyboard SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sylvan Plyboard SME IPO with Zerodha.
Alternate approch to apply in Sylvan Plyboard SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sylvan Plyboard SME IPO Review and Important Updates
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To subscribe or apply in Sylvan Plyboard SME IPO, you can use the following methods:
| Sylvan Plyboard SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sylvan Plyboard SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sylvan Plyboard SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sylvan Plyboard SME IPO. Most of the Syndicate Banks provide access to apply in Sylvan Plyboard IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sylvan Plyboard SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sylvan Plyboard SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sylvan Plyboard SME IPO Review and Important Updates
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Sylvan Plyboard SME IPO is going to be list on 01-07-2024. NSE Code for Sylvan Plyboard is SYLVANPLY.
Other relevant questions:
When Sylvan Plyboard SME IPO will be listing? Sylvan Plyboard SME IPO NSE listing date?Sylvan Plyboard SME IPO date of listing
Sylvan Plyboard SME IPO Allotment Date is 27-06-2024.
Other relevant questions:
Sylvan Plyboard SME IPO share allotment date?Sylvan Plyboard SME IPO allotment date?
