Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Sylvan Plyboard IPO
Price Band
₹
Issue Size
₹28.05 Cr
Lot Size
2,000 shares
Min Investment
₹110,000
GMP
+₹27.0 (49.09%)
Issue Price
₹55.0
Subject to Sauda
₹41000
Paid only if allotted
Sylvan Plyboard IPO AI Summary
- Sylvan Plyboard IPO is listed on NSE SME in the Plywood Boards/ Laminates sector.
- Subscription window: 24 Jun–26 Jun 2024, listing on 01 Jul 2024.
- Current GMP is +₹27.0 (49.09%) — unofficial and can change daily.
Sylvan Plyboard (India) Ltd is an established player in the plywood manufacturing sector, with a diverse product range and a solid distribution network. The company's IPO offers investors a chance to participate in its growth, but potential investors should consider the associated risks and market dynamics.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sylvan Plyboard IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sylvan Plyboard IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+49.09%
Est. Listing
₹82.0
Updated: 25 Jul 2026 14:05
About the Company
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 following Plywood, Block Boards & Flush Doors Veneer Sawn Timber The 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.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 217.27 | 203.98 | 181.42 | 165.51 |
| Total Income | 161.93 | 199.15 | 172.93 | 110.29 |
| Profit After Tax | 4.48 | 3.53 | 3.05 | 0.37 |
| NET Worth | 94.57 | 88.12 | 82.83 | 79.78 |
| Reserves and Surplus | 80.29 | 78.82 | 73.74 | 70.69 |
| Total Borrowing | 64.55 | 55.01 | 45.79 | 47.01 |
Key Ratios
EPS
₹2.47
NAV
₹66.25
ROE
4.90%
ROCE
7.56%
RoNW
4.74%
P/B Value
0.83
P/E Ratio
22.25
Market Cap
₹106.56 Cr
PAT Margin
2.77%
Debt/Equity
0.68
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| The Western India Plywoods Limited | 57.23 | 8.51% | 31.41 | 4.87 |
| Duroply Industries Ltd | 111.18 | 5.91% | 40.65 | 7.4 |
| Archidply Industries Ltd. | 52.25 | 11.78% | 13.46 | 6.15 |
| Sylvan Plyboard (India) Ltd This IPO | 63.19 | 4% | 21.74 | 2.53 |
Promoters
Singh Suppliers Pvt.Ltd., Anand Kumar Singh, Jai Prakash Singh, Shakuntala Singh and Kalyani Singh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards purchase of additional plant and machinery 3.71 2 Working Capital Requirements 16.93 3 Issue Related Expenses 3.10 4 General Corporate Expenses 4.30
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹110.29 Cr in the year ending 31 Mar 2021, increasing to ₹172.93 Cr by 31 Mar 2022, and further rising to ₹199.15 Cr by 31 Mar 2023. However, in the most recent period ending 31 Dec 2023, total income decreased to ₹161.93 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.37 Cr in the year ending 31 Mar 2021, increasing to ₹3.05 Cr by 31 Mar 2022, and further rising to ₹3.53 Cr by 31 Mar 2023. In the most recent period ending 31 Dec 2023, profit after tax increased to ₹4.48 Cr.
Valuation
At the issue price of ₹55.0, Sylvan Plyboard (India) Ltd has an implied P/E ratio of 21.74, compared to peers trading at P/E ratios ranging from 13.46 to 40.65.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the expected listing price of an IPO in the stock market, based on unofficial trading before the official listing. A positive GMP suggests that the market anticipates the stock will list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to significant market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 24 June 2024 and closes on 26 June 2024. Allotment of shares is expected on 27 June 2024, with the listing date set for 1 July 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from Sylvan Plyboard's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sylvan Plyboard IPO GMP today?
Sylvan Plyboard IPO GMP today is +₹27.0 (49.09%). GMP is an unofficial grey-market indicator and can change daily.
When does Sylvan Plyboard IPO open and close?
Sylvan Plyboard IPO opens on 24 June 2024 and closes on 26 June 2024.
When does Sylvan Plyboard IPO list on the stock exchange?
Sylvan Plyboard IPO listed on 01 July 2024 at ₹82.0.
What is the lot size for Sylvan Plyboard IPO?
The lot size for Sylvan Plyboard IPO is 2000 shares, requiring a minimum investment of ₹110,000.
What is the issue price of Sylvan Plyboard?
The issue price is ₹55.0.
What is the minimum investment required?
The minimum investment required is ₹110,000.
What is the lot size for the IPO?
The lot size is 2000 shares.
When does the IPO open and close?
The IPO opens on 24 June 2024 and closes on 26 June 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the IPO in the stock market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2024
Close
26 Jun 2024
Allotment
27 Jun 2024
Listing
01 Jul 2024
Similar IPOs in Plywood Boards/ Laminates
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Sylvan Plyboard?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.