Sylvan Plyboard IPO

Sylvan Plyboard (India) Ltd

₹1,10,000 /2000 sharesMinimum Investment

Sylvan Plyboard IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹55.00₹66.00₹11.00 (20.00%)

Sylvan Plyboard IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
24 Jun ‘24 - 26 Jun ‘24₹1,10,0002,000₹55 - ₹55
Issue SizeIPO Doc
28.05Cr
RHP PDF

About the company

Sylvan Plyboard, originally incorporated as Singh Brothers Exim Private Limited in Kolkata, produces a variety of wood products. These include plywood, block boards, flush doors, veneer, and sawn timber in various grades and thicknesses. Initially focused on trading timber products, the company later expanded into manufacturing, setting up a facility in Baidyabati, near Kolkata, West Bengal. Sylvan Plyboard markets its products under the brand name "Sylvan" through a network of authorised dealers and sub-dealers. The company’s products cater to diverse customer needs. Their top-tier product is "Sylvan Z+ Premium Plus," while "Robusta Premium" and "Primo Plus" serve the middle segment. "Sylvan Blu" targets the lower segment, which is showing increasing demand for affordable plywood and alternatives. The company also offers products in the boiling waterproof (BWP) and boiling water resistant (BWR) plywood segments.;
Founded in
2002
Managing director
Mr. Anand Kumar Singh
Parent organisation
Sylvan Plyboard (India) Ltd

Strength and risks

Strengths
Risks
The company holds several certifications, including ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety.
Sylvan Plyboard has shown consistent growth in revenue and profit afte tax. In the financial years 2021, 2022, and 2023, the company reported revenues of Rs 108.89 crore, Rs 171.82 crore, and Rs 198.07 crore, and net profit of Rs 0.37 crore, Rs 3.05 crore, and Rs 3.53 crore, respectively.
The company operates through a network of 223 authorised dealers spread across 13 Indian states. These dealers are supported by around 753 sub-dealers who manage retail operations.
Sylvan Plyboard has its own resin plant, helping it produce glue using proprietary research formulations.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular55 - 55₹2 Lakh
High Networth Individual55 - 55₹2 - 5 Lakh
For Sylvan Plyboard IPO, eligible investors can apply as Regular.
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