Sylvan Plyboard (India) Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹27(49.09%)
Premium (ELP)
The public market debut of Sylvan Plyboard (India) Limited's was completed on Jul 01, 2024 with its listing on the NSE exchange. The IPO process raised 51,00,000 Shares in total capital, consisting of 51,00,000 Shares in new equity.
The offering featured a price range of ₹55 to ₹55 and minimum application size of 2000 shares. Investor response during the subscription period from Jun 24, 2024 to Jun 26, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Jun 27, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Sylvan Plyboard (India) Ltd, incorporated in 2002, is a leading manufacturer of wood products, including plywood, block boards, flush doors, veneer, and sawn timber, available in various grades and thicknesses. The company ensures adherence to Bureau of Indian Standards (BIS) certifications such as IS 303:1989, IS 710:2010, and IS 2202:1999, alongside ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, highlighting its commitment to quality, environmental sustainability, and workplace safety. Operating from a state-of-the-art manufacturing facility in Hooghly, West Bengal, Sylvan Plyboard caters to industries like construction, real estate, interior decor, shipping, aviation, education, and government infrastructure projects. With a network of 223 authorized dealers across 13 states and a workforce of 817 employees as of June 2024, the company is a key player in India's wood product manufacturing sector.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Trusted Industry Presence: Since 2002, Sylvan Plyboard (India) Ltd has built a strong reputation for delivering high-quality wood products that meet BIS standards and international certifications.
- Experienced Leadership: The company is guided by seasoned promoters and a knowledgeable management team, ensuring strategic growth and stability.
- Skilled & Dedicated Team: With a workforce of 817 employees, the company thrives on expertise and innovation, driving operational success and quality product offerings.
- Legal Risks: Sylvan Plyboard and its key stakeholders are involved in legal proceedings. Unfavorable outcomes could affect the company’s business, finances, and operations.
- Expansion Challenges: If the company struggles to execute its growth plans effectively, it could impact financial performance and overall business success.
- Procurement Delays: Any setbacks in acquiring machinery for expansion could slow down progress and increase operational costs.
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