Sylvan Plyboard Limited is coming up with an IPO consisting of a fresh issue of 51,00,000 shares worth INR 28.05 crores. The company aims to allocate funds for plant, working capital, and general corporate purposes.
Sylvan Plyboard IPO – Important Dates
| Sylvan Plyboard Limited IPO Date | June 24, 2024 to June 26, 2024 |
| Sylvan Plyboard Limited IPO Listing Date | July 1, 2024 |
| Sylvan Plyboard Limited IPO Price | INR 55 per share |
| Sylvan Plyboard Limited IPO Lot Size | 2000 shares |
| Sylvan Plyboard Limited IPO Total Issue Size | INR 28.05 crores |
| Sylvan Plyboard Limited IPO Basis of Allotment | June 27, 2024 |
| Sylvan Plyboard Limited IPO Initiation of Refunds | June 28, 2024 |
| Sylvan Plyboard Limited IPO Credit of Shares to Demat | June 28, 2024 |
| Sylvan Plyboard Limited IPO Issue Type | Fixed Price Issue IPO |
| Sylvan Plyboard Limited IPO Listing At | NSE SME |
Sylvan Plyboard Limited IPO – Company Profile
Sylvan Plyboard Limited, incorporated in 2002, manufactures plywood, block board, flush door, veneer, and sawn timber. Originating from a trading concern in 1951, the company expanded into manufacturing, acquiring Singh Brothers & Co. in 2004.
It continuously expands its product range, including plywood, block boards, flush doors, veneer, and sawn timber. Marketed under the “Sylvan” brand, its products are distributed through 223 Authorized Dealers in 13 states.
They offer over 12 plywood products, contributing 81.74% to revenue. Products include premium “Sylvan Z+ Premium Plus,” middle segment “Robusta Premium,” & “Primo Plus,” and budget-friendly “Sylvan Blu.” The company also provides BWP and BWR plywood, serving diverse customer segments.
Sylvan Plyboard Ltd IPO Fundamental Analysis
Sylvan Plyboard Limited Technologies’ financial analysis reveals a mixed performance. Revenue declined in March 2023 but increased in December 2023. Profitability and EPS rose while RoNW improved. However, inventory turnover decreased, hinting at potential sales challenges.
- Revenue Trend: The revenue decreased from ₹17,182.35 lakhs in March 2022 to ₹19,807.26 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 16,079.18 lakhs.
- 2. Equity and Liabilities: Liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating expanded reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹305.31 lakhs in March 2022 to ₹447.98 lakhs by December 2023. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.24 in March 2022 to ₹3.14 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 3.69% to 4.74%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Sylvan Plyboard IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 17,182.35 | 19,807.26 | 16,079.18 |
| Equity (₹ in lakhs) | 8,283.26 | 8,811.78 | 9,456.77 |
| Expenses (₹ in lakhs) | 16,899.50 | 19,454.41 | 15,541.15 |
| Profit and Loss After Tax (₹ in lakhs) | 305.31 | 352.85 | 447.98 |
| Diluted EPS only (₹) | 2.24 | 2.53 | 3.14 |
| Return on Net Worth (%) | 3.69 | 4.00 | 4.74 |
| NAV per Equity Share (₹) | 60.74 | 63.19 | 66.25 |
| Total Assets (in lakhs) | 18,142.32 | 20,398.47 | 21,726.74 |
| Total Liabilities (in lakhs) | 9,859.06 | 11,586.69 | 12,269.97 |
| Debt Equity Ratio | 0.56 | 0.62 | 0.68 |
| Current Ratio (in times) | 1.71 | 1.62 | 1.62 |
| Inventory Turnover Ratio | 1.63 | 1.66 | 1.22 |
Sylvan Plyboard Limited IPO Peer Comparison
Given Sylvan Plyboard Limited’s unique product range, turnover, and business size, the peer companies listed are not directly comparable for evaluation or benchmarking purposes.
Sylvan Plyboard (India) Ltd IPO Objective
The main objective of Sylvan Plyboard Limited is to allocate funds for capital expenditure on plant and machinery and to meet working capital requirements, facilitating business growth and operational efficiency.
- Funding Capital Expenditure towards Purchase of Additional Plant & Machinery: The company intends to utilize INR 3.71 crores from the Net Proceeds to enhance the manufacturing facility, installing machinery for increased capacity and improved product quality, efficiency, and cost reduction.
- Working Capital Requirement and Basis of Estimation: The company plans to utilize INR 165.50 crores and INR 175.39 crores for working capital requirements in FY 2024-25 and FY 2025-26 to support future growth and strategic initiatives.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including strategic initiatives, brand building, contingencies, and other unforeseen purposes essential for business growth and sustainability.
Sylvan Plyboard IPO Risks And Challenges
Sylvan Plyboard Limited’s risk includes potential strains on resources during production expansion, delays in machinery procurement impacting business operations, and product counterfeiting affecting brand integrity and revenue streams.
- The company plans to use funds to expand production capacity, acknowledging potential strains on resources. Uncertainties in managing growth, including workforce, systems, and costs, may impact the execution of strategies and expansion plans.
- The company has received quotations for the proposed machinery but has not yet placed orders. Delays or cost escalations may impact expansion plans and the deployment of funds, affecting business operations and prospects.
- The company encounters product counterfeiting in India, which impacts brand integrity and revenue streams. Legal measures may not fully prevent unauthorized use, posing risks to intellectual property protection and business sustainability.
Sylvan Plyboard Ltd IPO – Industry & Market Potential
India’s economy anticipates a softening domestic demand while sustaining demand for external solid services. Vietnam’s rebound in 2022, driven by domestic consumption and export-oriented manufacturing, signals resilience despite global challenges.
In 2021, ITTO producer countries accounted for 72% of global tropical sawnwood production, totaling 51.2 million m3. Production remained steady in 2022. Asia-Pacific led with nearly 80%, while Latin America and Africa contributed 11% and 10% respectively.
Global tropical plywood consumption remains stable despite competition from substitutes. At 10.0 million m3, India’s consumption is driven by construction and home furnishing sectors, supported by rising income levels and government policies.
Sylvan Plyboard Limited IPO – Type of Offer
Sylvan Plyboard Limited is coming up with an IPO consisting of a fresh issue of 51,00,000 shares worth INR 28.05 crores. The company aims to allocate funds for plant, working capital, and general corporate purposes.
Sylvan Plyboard IPO Offer Size
The offer size of Sylvan Plyboard Limited is INR 28.05 crores, consisting of a fresh issue of 51,00,000 shares. The company seeks funds for plant, working capital, and general corporate purposes.
Sylvan Plyboard Limited IPO Allotment Structure
Sylvan Plyboard Limited’s Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 256,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 256,000 shares for this purpose.
How to apply for a Sylvan Plyboard Limited IPO?
To apply for the Sylvan Plyboard Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sylvan Plyboard Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sylvan Plyboard Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Sylvan Plyboard Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sylvan Plyboard Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sylvan Plyboard Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sylvan Plyboard Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Sylvan Plyboard Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Sylvan Plyboard Limited Ltd IPO Offer Registrar
The registrar for the Sylvan Plyboard Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East),
Mumbai – 400093
Telephone: 022-62638200
E-mail: [email protected];
Website: www.bigshareonline.com
Sylvan Plyboard Limited Limited IPO – FAQs
The allotment date of the Sylvan Plyboard Limited IPO is June 27, 2024.
The price band of the issue is INR 55 per share.
The offer size of Sylvan Plyboard Limited is INR 28.05 crores, consisting of a fresh issue of 51,00,000 shares. The company seeks funds for plant, working capital, and general corporate purposes.
The listing date of Sylvan Plyboard Limited’s IPO is July 1, 2024.
