Issue Price
₹55
Per Share
GMP
NIL
Grey Market
Est. Listing
₹55
Expected Price
Min. Application
₹220,000
2 lots × 2000 shares
Incorporated in 2002, Sylvan Plyboard (India) Ltd is engaged in the manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thicknesses. The company has 223 Authorized Dealers present across 13 states.The product range of the company consists of the followingPlywood, Block Boards & Flush DoorsVeneerSawn TimberThe company's products meet the quality standards of the Bureau of Indian Standards (BIS), including IS 303:1989, IS 710:2010, IS 2202:1999, IS 1659:2004, IS 5509:2021, and IS 10701:2012. The company has also received ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health & Safety Management System) certifications for manufacturing and supplying Venner, Plywood, Block Board, and Flush Door.The manufacturing facility of the company is situated in Hooghly, West Bengal.The products are supplied to 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 of 817 employees at various departments.
Sylvan Plyboard (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 256,000 | — | ₹1.41 Cr | — |
| TOTAL | 5,100,000 | 100.00% | ₹28.05 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹110,000 |
| Retail (Max) | 13 | 26,000 | ₹1,430,000 |
| sNII (Min) | 14 | 28,000 | ₹1,540,000 |
| bNII (Min) | 68 | 136,000 | ₹7,480,000 |
| Particulars | 31 Dec 2023 | 31 Dec 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 16193.24 | 19915.32 | 17292.63 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 447.98 | 352.85 | 305.31 |
| Net Worth | 9456.77 | 8811.78 | 8283.26 |
| Total Assets | 21726.74 | 20398.47 | 18142.32 |
| Reserves & Surplus | 8029.28 | 7882.14 | 7374.05 |
| Total Borrowings | 6454.53 | 5500.55 | 4579.24 |