Sylvan Plyboard (India) Ltd

Sylvan Plyboard (India) Ltd IPO

IPO Price Range: ₹55 - 55

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.).

Min Investment

₹1,10,000

IPO Size

₹28 Cr

IPO Status

Closed

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Sylvan Plyboard (India) Ltd

Open Date24 Jun 2024
Close Date26 Jun 2024
Allotment Date27 Jun 2024
Listing Date1 Jul 2024

Key Statistics

Bid Opening DateBid Opening Date24 Jun 2024
Bid Closing DateBid Closing Date26 Jun 2024
Allotment DateAllotment Date27 Jun 2024
Issue SizeIssue Size₹28.05Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • 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

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.

  • The availability of look-alikes, counterfeit products, primarily in its domestic markets, manufactured by other companies and passed off as its products, could adversely affect the company goodwill and results of operations.

  • The Company maintains high level of inventory for uninterrupted production activities.

  • Its cost of production is exposed to fluctuations in the prices of raw material prices, particularly Timber.

  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

  • The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.

  • Its Group Companies have incurred losses in the past and may incur losses in the future.

Promoters Holding

Investors Holdings %
Anand Kumar Singh0.87%
Singh Suppliers Pvt Ltd72.69%
Jai Prakash Singh16.01%
Shakumtala Singh5.74%
Kalyani Singh1.37%

About Sylvan Plyboard (India) Ltd

OrganisationSylvan Plyboard (India) Ltd
HeadquartersHooghly
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Sylvan Plyboard (India) Ltd IPO?

    The size of the Sylvan Plyboard (India) Ltd IPO is ₹28.05Cr .

  • What is 'pre-apply' for Sylvan Plyboard (India) Ltd IPO?

    'Pre-apply' for Sylvan Plyboard (India) Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Sylvan Plyboard (India) Ltd IPO order be placed?

    Your Sylvan Plyboard (India) Ltd IPO order will be placed on 24 Jun 2024.

  • What are the open and close dates of the Sylvan Plyboard (India) Ltd IPO?

    The open and close dates of the Sylvan Plyboard (India) Ltd IPO are 24 Jun 2024 to 26 Jun 2024.

  • What is the lot size and minimum order quantity of the Sylvan Plyboard (India) Ltd IPO?

    The lot size and minimum order quantity of the Sylvan Plyboard (India) Ltd IPO are 2000 and 2000 respectively.

  • What would be the listing gains on the Sylvan Plyboard (India) Ltd IPO?

    The potential listing gains on the Sylvan Plyboard (India) Ltd IPO will depend on various market factors and cannot be predicted with certainty.