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Sylvan Plyboard (India) Limited


Issue Price


per equity share

Issue Size

51 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot


equity share

Please note

Listing at NSE

Sylvan Plyboard (India) Limited

Important Dates

IPO Open Date

24 Jun 2024

IPO Close Date

26 Jun 2024

Allotment Date

27 Jun 2024

Initiation of Refunds

28 Jun 2024

Credit of Shares to Demat Account

28 Jun 2024

IPO Listing Date

01 Jul 2024

UPI Mandate Expiry Date

26 Jun 2024

IPO Details

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 (India) 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.

Parent Organisation




Managing Director

Anand Kumar Singh

IPO Objectives

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked

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