Sylvan Plyboard Ltd announces an IPO with 51,00,000 shares worth INR 28.05 crores to fund plant, working capital, and general corporate purposes.
Open Date : June 24, 2024 Close Date : June 26, 2024 Allotment Date: June 27, 2024 Listing Date: July 1, 2024
IPO Price: INR 55 per share Lot Size: 2000 Shares Total Issue Size: INR 28.05 crores
Sylvan Plyboard analysis shows mixed performance: 1. Revenue declined in March 2023, increased in December 2023. 2. Profitability and EPS rose & RoNW improved. 3. Inventory turnover decreased, indicating potential sales challenges.
1. Unique product range, turnover, and business size make direct comparisons difficult. 2. Peer companies listed are not suitable for evaluation or benchmarking.
Sylvan Plyboard IPO main objective: 1. Allocate funds for capital expenditure on plant and machinery. 2. Meet working capital requirements. 3. Facilitate business growth and operational efficiency.
Sylvan Plyboard IPO risks: 1. Resource strains during expansion. 2. Machinery procurement delays impacting operations. 3. Product counterfeiting affects brand integrity and revenue.