IPO Details
Bidding Dates
24 Jun 24 - 26 Jun 24
Price Range ₹
55 - 0
Total Equity
₹ 28.05Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
About Company
Incorporated in 2002, Sylvan Plyboard (India) Ltd specializes in manufacturing a variety of wood products, including plywood, block board, flush doors, veneer, and sawn timber, available in various grades and thicknesses. The company has a network of 223 authorized dealers across 13 states. Sylvan Plyboard's product range includes: - Plywood, Block Boards & Flush Doors - Veneer - Sawn Timber The company's products comply with the Bureau of Indian Standards (BIS) quality standards, such as IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. Additionally, the company holds ISO certifications for Quality Management (ISO 9001:2015), Environmental Management (ISO 14001:2015), and Occupational Health & Safety Management (ISO 45001:2018) for the manufacturing and supply of veneer, plywood, block board, and flush doors. The company's manufacturing facility is located in Hooghly, West Bengal. Sylvan Plyboard supplies its products to various industries, including shipping, construction, real estate, interior decor, furniture, aviation, education, healthcare, transportation, banking, and government projects, where plywood is essential for both commercial and residential infrastructure. As of June 2024, Sylvan Plyboard employs a total of 817 staff across various departments.
Year Founded
20-08-2002
Promotor Details
Jai Prakash Singh
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.8 | 73.53 |
| Share Capital | 14246330 | 14246330 |
Offer to Public
51,00,000.00 Cr
Project Details
- Issue Related Expenses - 31.02cr
- General Corporate Expenses - 43cr
- Working Capital Requirements - 169.346cr
- Funding the Working Capital Requirements of our Company - 37.134cr
Objectives
- A. Funding Capital Expenditure towards purchase of additional plant and machineryB. To meet the Working Capital RequirementsC. To meet the Issue ExpensesD. General Corporate Purposes
Highlights
- Established and proven track record in the wood products industry.
- Leveraging extensive experience and expertise of the Promoters.
- Strong management team with experienced and motivated workforce.
- Excellent customer relations fostering trust and repeat business.
- Commitment to quality assurance, evidenced by ISO certifications, and increasing plywood production to meet growing demand.
Challenges
- Legal proceedings involving the Company, Directors, Promoters, and Group Companies could result in adverse decisions impacting business operations and financial stability.
- Potential challenges in successfully executing proposed expansion plans may adversely affect the Company's financial performance and operational capabilities.
- Delay in placing orders or procuring machinery for the Manufacturing Facility expansion could lead to schedule disruptions and increased operational costs.
- Presence of counterfeit products in domestic markets posing as the Company's products could harm its goodwill and financial results.
- High inventory levels and exposure to fluctuations in raw material prices, especially timber, could impact the Company's cost of production and profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 20,374.54 | 929.64 | 609.43 | 609.43 | 4.2693 |
| 2021 | 16,547.35 | 909.21 | 79.00 | 79.00 | 0.5886 |
| 2024 | 21,755.35 | 1,427.48 | 609.43 | 609.43 | 4.2693 |
| 2022 | 18,132.01 | 909.21 | 191.34 | 191.34 | 1.403 |
