Sylvan Plyboard IPO: Checkout the IPO Detail Here

Sylvan Plyboard IPO is open for subscription starting Monday, June 24, 2024, and closing on Wednesday, June 26, 2024. The price of this upcoming IPO is decided at Rs 55 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,10,000 ( 55 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,20,000 (55 x 4000 shares). Sylvan Plyboard IPO is a fixed price issue of Rs 28.05 crores. This upcoming IPO is entirely a fresh issue of 51 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 27, 2024. Sylvan Plyboard IPO will be listed on NSE SME on Monday, July 1, 2024. Finshore Management Services Limited is the book-running lead manager of the IPO. Bigshare Services Private Limited is the registrar. Black Fox Financial is the market maker.

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About Sylvan Plyboard Limited

Sylvan Plyboard Limited was incorporated in 2002, manufacturing various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness. Sylvan Plyboard has 223 authorised dealers present across the 13 states. The company's product portfolio are plywood, block board, flush door etc. Sylvan's products meet the quality standards of the Bureau of Indian Standards. The company's manufacturing facility is situated in Hooghly, West Bengal. The products are supplied to various 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 team of 817 members at various departments.

Objectives of Sylvan Plyboard Limited

The funds received from this offer will be allocated to fund the capital expenditure toward the purchase of new plant and machinery, to meet the day-to-day capital needs, to meet the IPO issue related expenses. Also, general corporate purposes will be fulfilled.

Financials of Sylvan Plyboard Limited (Amt in Rs Lakhs)

Sylvan Plyboard posted revenue of Rs 16,193.24 lakhs and net profit of Rs 447.98 lakhs for the period ending on 31 Dec 2023. Sylvan’s revenue increased by 15.17% and profit after tax increased by 15.57% between the FY ending on 31st March 2023 and 31st March 2022.

Other Important Details of Sylvan Plyboard IPO

Time-Table of Sylvan Plyboard IPO

Lot Size of Sylvan Plyboard IPO

IPO Reservation of Sylvan Plyboard Limited

Performance Indicator of Sylvan Plyboard Limited

The market capitalization of Sylvan Plyboard is Rs 106.56 crore.

EPS and P/E Ratio Post IPO

Promoters of Sylvan Plyboard Limited and Their Holdings

The promoters of Sylvan Plyboard company are Singh Suppliers Private Limited, Anand Kumar Singh, Jai Prakash Singh, Shakuntala Singh and Kalyani Singh. 

Lead Manager(s) of Sylvan Plyboard IPO

The lead manager for Sylvan Plyboard IPO is Finshore Management Services Limited .

How do you apply for the Sylvan Plyboard IPO?

Wait for the public issue to open for subscription, then click here to apply for the Sylvan Plyboard Limited IPO with Bigul.

How do you check the allotment status of Sylvan Plyboard IPO?

Bigshare Services Private Limited is the registrar for Sylvan Plyboard IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Sylvan Plyboard IPO?

Sylvan Plyboard IPO is a fixed price issue of Rs 28.05 crores. This upcoming IPO is entirely a fresh issue of 51 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 27, 2024.

2. Who are the lead managers for the Sylvan Plyboard Limited IPO?

Finshore Management Services Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Sylvan Plyboard Limited, handling the IPO's administrative aspects.

4. How can I apply for the Sylvan Plyboard IPO?

The public subscription of this new IPO will open on June 24, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from this offer will be allocated to fund the capital expenditure toward the purchase of new plant and machinery, to meet the day-to-day capital needs, to meet the IPO issue related expenses. Also, general corporate purposes will be fulfilled.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Sylvan Plyboard Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Sylvan Plyboard Limited?

Sylvan Plyboard posted revenue of Rs 16,193.24 lakhs and net profit of Rs 447.98 lakhs for the period ending on 31 Dec 2023. Sylvan’s revenue increased by 15.17% and profit after tax increased by 15.57% between the FY ending on 31st March 2023 and 31st March 2022.

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