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Sylvan Plyboard IPO
Sylvan Plyboard (India) Ltd
₹1,10,000 /2000 sharesMinimum Investment
Sylvan Plyboard IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 24 Jun ‘24 - 26 Jun ‘24 | ₹1,10,000 | 2,000 | ₹55 - ₹55 |
| Issue Size | IPO Doc |
|---|---|
| 28.05Cr | RHP PDF |
About Sylvan Plyboard
Founded in
2002
Managing director
Mr. Anand Kumar Singh
Parent organisation
Sylvan Plyboard (India) Ltd
Strengths & Financials of Sylvan Plyboard
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.
Sylvan Plyboard and its directors, promoters, and group companies are involved in several legal proceedings. Any unfavourable outcome in these cases could impact the company's business.
The company's group entities, such as Singh Suppliers, Silvertoss Industries, Shree Krishna Timber, and Sris Exim, have faced losses in the past.
A significant portion of the company’s revenue comes from West Bengal. This region accounted for 45.06% of revenues for the nine months ending December 31, 2023, and 45.03%, 50.18%, and 50.73% in the fiscal years 2023, 2022, and 2021, respectively. Any adverse developments in this region could negatively impact the company's revenue and operations.
The company relies heavily on its network of 223 authorised dealers across 13 states. Losing any major dealer could seriously affect Sylvan Plyboard's business and profitability.
For the period ended December 31, 2023, and financial years ending March 31, 2023, 2022, and 2021, the top 10 customers contributed approximately 19.63%, 21.36%, 19.18%, and 23.53% of the company's revenue. Losing any significant customer could materially affect the company's financial performance.
Sylvan Plyboard operates a single manufacturing facility located in Baidyabati. Any disruption of operations at this facility could adversely affect the company.
As of December 31, 2023, the company had outstanding borrowings of Rs 64.54 crore. Any inability to service this debt could negatively affect the company.
Sylvan Plyboard Financials
*All values are in Rs. Cr
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Application Details of Sylvan Plyboard IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹55 - 55 | ₹2 - 5 Lakh |
| High Networth Individual | ₹55 - 55 | ₹2 - 5 Lakh |
For Sylvan Plyboard IPO, eligible investors can apply as Regular.