Sylvan Plyboard India Limited IPO – Allotment, Subscription, GMP & DRHP

Sylvan Plyboard India Limited have 15 numbers of plywood products in their basket, thickness ranging from 4 mm to 40 mm. Plywood segment contributes approx. 42% of their revenue from operations. The Company has large range of product offering to wide range of customers, “Sylvan Z+” is the most premium plywood Page  product of their Company amongst other offerings in premium segment. Sylvan Plyboard India Limited IPO comprises of 31,64,000 Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the Sylvan Plyboard India Limited IPO release date, IPO offer price, subscription, Sylvan Plyboard India Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Sylvan Plyboard India Limited IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of Sylvan Plyboard India Limited IPO

Sylvan Plyboard India Limited IPOSylvan Plyboard India Limited have 15 numbers of plywood products in their basket, thickness ranging from 4 mm to 40 mm. Plywood segment contributes approx. 42% of their revenue from operations. The Company has large range of product offering to wide range of customers, “Sylvan Z+” is the most premium plywood Page 145 of 433 product of their Company amongst other offerings in premium segment The Issue comprises of a Public Issue of 33,64,000 Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2017 to 2018, company’s revenue from operations and net profit has increased at a growth rate of 2.25% and 95.56%, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 24,708.02   Lakhs, Rs. 24,164.41 Lakhs and Rs. 24,643.62 Lakhs, respectively representing growth of  2.25% from the FY 2017-16 to FY 2018-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 618.99 Lakhs, Rs.316.65 Lakhs and Rs. 398.25 Lakhs, respectively .

  • During the financial year 2017-18 the Other Income of our company increased to Rs.149.73 Lakhs as against Rs. 229.27 Lakhs for the financial year 2016-17 .
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 411.19  Lakhs from the year 2015-16 of Rs.191.34 Lakhs showing an increase of 115.27% from last year, showing remarkable performance.

The Promoter of this company is  Singh Suppliers Private Limited. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Sylvan Plyboard India Limited IPO Date

The opening and the closing date of Sylvan Plyboard India Limited IPO is not known yet.


Sylvan Plyboard India Limited IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Sylvan Plyboard India Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Sylvan Plyboard India Limited IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Sylvan Plyboard India Limited IPO Equity Share Offering

36,64,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


Sylvan Plyboard India Limited – Company Overview

Sylvan Plyboard India Limited have 15 numbers of plywood products in their basket, thickness ranging from 4 mm to 40 mm. Plywood segment contributes approx. 42% of their revenue from operations. The Company has large range of product offering to wide range of customers, “Sylvan Z+” is the most premium plywood  product of their Company amongst other offerings in premium segment  .The Company believe role of management is equally important as to that of our employees for growth of our business, and accordingly  they have placed an experienced management team to look after various facets of operations.The Company manufacturing facility set up in year 2009 has been strategically located in proximity to Kolkata Port Trust leading to easier imports. The facility has an integrated manufacturing process in which entire activity of the production process is carried out in-house avoiding the dependency on third parties for the manufacturing activity.

The Company is promoted by Singh Suppliers Private Limited and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Sylvan Plyboard India Limited :

  • Brand Recognition
  • Wide dealers’ network
  • Large & Integrated manufacturing facility
  • Locational Advantage
  • Entry barrier
  • Specialised product portfolio
  • Experienced management team

Business strategies of Sylvan Plyboard India Limited :

  • Increasing plywood production
  • Increasing focus on lower-middle class segment
  • Increasing dealership network
  • Cost reduction initiative
  • Increasing marketing activity
  • Automation of manufacturing facility

Sylvan Plyboard India Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 17,799.20 16,489.67 16,925.89 17,287.18 16910.6
Total Revenue 24,553.66 23,411.18 23,771.23 21,894.45  23,909.37
Total Expense 23,934.67 23,067.13 23,372.98 21,773.74 23,841.12
Profit After Tax 411.19 191.34 264.50 79.00 41.98

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 4.52 2.10 2.93

From the above statements, one could find that the Sylvan Plyboard India Limited may perform well.


Sylvan Plyboard India Limited IPO – Promoters

The Promoter of this company are:

  1. Singh Suppliers Private Limited

List of Related Parties (Key Managerial Personnel)

  • Anand Kumar Singh, Managing Director
  • Jai Prakash Singh, Chairman and Whole Time Director
  • Shakuntala Singh,

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Sylvan Plyboard India Limited IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered Issue of upto 33,64,000* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs[2]
 Of which:
 Reserved for Market Makers [●] Equity Shares of face value of Rs. 10/- each fully paid up of the
Company for cash at a price of Rs. [●]/- per Equity share aggregating to
Rs. [●] Lakh
 Net Issue to the Public [●] Equity Shares of face value of Rs. 10/- each fully paid of the
Company for cash at a price of Rs. [●]/- per share aggregating Rs. [●]
Lakhs
 Of which:
 Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors applying with application value of up to Rs. 2.00 Lakhs
 Non-Retail Investors Portion [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to Investors applying with application value of above Rs. 2.00 Lakhs
 Equity Shares outstanding prior to the Issue 90,92,120 Equity Shares of face value of Rs.10/- each Equity Shares outstanding after the Issue
 Equity Shares outstanding after the Issue Upto 1,24,56,120 Equity Shares of face value of Rs.10/- each

Sylvan Plyboard India Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of their Company; 
  •  General Corporate Purposes

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Sylvan Plyboard India Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Management team;
  • Brand recognition; 
  • Wide dealer network; 
  • Large and integrated manufacturing facility; 
  • Locational Advantage 
  • Entry barrier;
  • Specified product portfolio.

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16  2.93 4.03
31-Mar-17 2.10 2 2.83
31-Mar-18 4.52 5.74 78.83
  • Industry P/E Ratio:
Particulars P/E ratio
Average 26.77
Highest 49.25
Lowest 10.91
  • Competitive Peers:
Particulars Face Value (in Rs.) EPS     (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
Greenply Industries
Limited
1 11.07 17.54 14.83 74.62
Archidply Industries
Limited
10 1.14 49.25 1.90 59.79
Uniply Industries
Limited
10 6.23 10.91 9.52 65.51
Century Plyboards
(India) Limited
1 7.05 29.36 18.69 37.72

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Sylvan Plyboard India Limited IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra East, Mumbai – 400 051, Maharashtra, India
Tel: +91-22 6194 6700; Fax: +91-22 2659 8690
Website:www.pantomathgroup.com
Email:
Investor Grievance Id:
Contact Person: Hardik Bhuta / Unmesh Zagade
SEBI Registration No: INM000012110

Sylvan Plyboard India Limited IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East
Mumbai – 400 059, Maharashtra
Tel: +91 22 62638200
Fax: +91 22 62638299
Email:
Website: www.bigshareonline.com
Investor Grievance Id:
Contact Person: Babu Rapheal
SEBI Registration Number: INR000001385

Other Details:

  • Statutory Auditor – M/s. M. Raghunath & Co., Chartered Accountants.
  • Peer Review Auditor –  N. K. Aswani & Co. Chartered Accountants
  • Bankers to the Company –   ICICI Bank Limited

Sylvan Plyboard India Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

Sylvan Plyboard India Limited IPO Grey Market Premium

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Sylvan Plyboard India Limited IPO News

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