Sylvan Plyboard Limited’s (IPO) opens on June 24, 2024, and closes on June 26, 2024. The allotment for the Sylvan Plyboard IPO is anticipated to be completed on Thursday, June 27, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Monday, July 1, 2024.

The price band for the Sylvan Plyboard IPO is set at Rs 55 per share. The IPO is a book-built issue of Rs 28.05 crores, entirely a fresh issue of 51 lakh shares.

Sylvan Plyboard IPO Details

IPO DateJune 24, 2024 to June 26, 2024
Listing Date[.]
Face ValueRs 10 per share
PriceRs 55 per share
Lot Size2000 Shares
Total Issue Size5,100,000 shares
(aggregating up to ₹28.05 Cr)
Fresh Issue5,100,000 shares
(aggregating up to ₹28.05 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding pre issue14,274,830
Shareholding post issue19,374,830
Market Maker portion256,000 shares

Sylvan Plyboard IPO Lot Size

Retail (Min)12000Rs 110,000
Retail (Max)12000Rs 110,000
HNI (Min)24000Rs 220,000

Sylvan Plyboard IPO Objectives

The objectives of the Issue are:

  1. Funding Capital Expenditure towards the purchase of additional plant and machinery.
  2. To meet the Working Capital Requirements.
  3. To meet the Issue Expenses.

About Sylvan Plyboard Limited

Sylvan Plyboard India Ltd, incorporated in 2002, has mastered the business of plywood manufacturing and marketing. The company was founded by the House of the Singh Group, plywood makers under the leadership of Mr. Jai Prakesh Singh. Sylvan Plyboard operates with 223 authorized dealers spread across 13 states.

The company’s product range includes:

  1. Plywood
  2. Block boards
  3. Flush doors
  4. Veneer
  5. Sawn timber

Sylvan Plyboard (India) Ltd Financial Information

Sylvan Plyboard (India) Ltd’s revenue increased by 15.17% and profit after tax (PAT) rose by 15.57% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax447.98352.85305.3137.09
Net Worth9,456.778,811.788,283.267,977.95
Reserves and Surplus8,029.287,882.147,374.057,068.74
Total Borrowing6,454.535,500.554,579.244,701.16

Sylvan Plyboard IPO Timeline

IPO Open DateMonday, June 24, 2024
IPO Close DateWednesday, June 26, 2024
Basis of AllotmentThursday, June 27, 2024
Initiation of RefundsFriday, June 28, 2024
Credit of Shares to DematFriday, June 28, 2024
Listing DateMonday, July 1, 2024
Cut-off time for UPI mandate confirmation5 PM on June 26, 2024


Sylvan Plyboard Limited is set to launch its IPO from June 24 to June 26, 2024, at a price band of Rs 55 per share. This IPO, entirely a fresh issue, aims to raise Rs 28.05 crores to fund capital expenditure, meet working capital requirements, and cover issue expenses. With a strong presence in plywood manufacturing and a robust distribution network across 13 states, Sylvan Plyboard has shown consistent revenue and profit growth. Investors can expect the IPO to be listed on NSE SME on July 1, 2024, marking a significant opportunity in the plywood sector

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