SYLVAN PLYBOARD (INDIA) LIMITED, is synonymous with trust and reliability, offering the best plywood and blockboard in India. With a legacy of over 70 years, they take pride in delivering high-performance commercial plywood to their valued customers.

Sylvan Ply IPO, a Fixed Price issue amounting to ₹28.05 crores, consisting entirely of a fresh issue of 51 lakh shares. The subscription period for the Sylvan Ply IPO opens on June 24, 2024, and closes on June 26, 2024. The allotment is expected to be finalized on or about Thursday, June 27, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday,1st July, 2024.

The price of Sylvan Ply IPO is set at ₹55 equity per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹110,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4000 shares), amounting to ₹220,000.

FINSHORE MANAGEMENT SERVICES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. BLACK FOX FINANCIAL PRIVATE LIMITED is the market maker for Sylvan Plyboard IPO.

Sylvan Plyboard IPO GMP Today
The Grey Market Premium is expected in the range of ₹30 - ₹35 based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sylvan Plyboard IPO Live Subscription Status
As of 04:49 PM on 25 June 2024, the Sylvan Plyboard IPO live subscription status shows that the IPO subscribed 6.97 times on the day 2 itself. Check the Sylvan Plyboard IPO Live Subscription Status Today at NSE

Sylvan Plyboard IPO Allotment Status
Sylvan Plyboard IPO allotment date is 27 June 2024, Wednesday. Sylvan Plyboard IPO Allotment will be out on 27th June 2024 and will be live on Registrar Website. Check Sylvan Plyboard IPO Allotment Status here. Here's how you can check the allotment status
- Navigate to the IPO allotment status page.
- Select Sylvan Plyboard from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sylvan Plyboard (India) Limited

Sylvan Plyboard Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
A. Funding Capital Expenditure towards purchase of additional plant and machinery
B. To meet the Working Capital Requirements
C. To meet the Issue Expenses
D. General Corporate Purposes

Refer to Sylvan Plyboard (India) Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs this week and coming weeks are Allied Blenders and Distillers Limited, Akiko Global Services Limited, Divine Power Energy Limited, Petro Carbon & Chemicals Limited

The current active IPO is Mason Infratech Limited, Shivalic Power Control Limited, Sylvan Plyboard (India) Limited, SHIVALIC POWER CONTROL LIMITED ,Medicamen Organics Limited, Stanley Lifestyles Limited, EnNutrica (Dindugal Farm Product) IPO, Winny Immigration and Education Services Limited

The Recently Listed IPOs which is available for trading in stock Market are GP Eco Solutions India Limited ,United CotFab Limited, LE TRAVENUES TECHNOLOGY LIMITED (ixigo), Awfis Space Solutions IPO, Go Digit IPO, Vilas Transcore IPO, GSM Foils IPO, Rulka Electricals IPO, HOAC FOODS INDIA IPO, Aadhar Housing Finance IPO.

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About SYLVAN PLYBOARD (INDIA) Limited

Syvan Plyboard (India) Limited was incorporated in the year 2002, the Company is engaged into manufacturing of various wood products such as plywood, block board, flush door, veneer and sawn timber across various grades and thickness. In the year 1951, Jai Prakash Singh (Whole Time Director of the company and father of their promoter) through his proprietorship concern, M/s. Singh Brothers & Co., started the business as a trading concern of indigenous timber logs and subsequent selling the same in Indian market. Leveraging the knowledge of timber products and domestic market, in the year 2004, the Company acquired ongoing business of M/s. Singh Brothers & Co. (Proprietorship Firm). Over the period, after establishing themselves in trading of timber products, they diversified their activities to manufacturing activities by setting up an integrated manufacturing facility in Baidyabati, West Bengal located near Kolkata which is spreading over an area of approx. 11.61 acres (5,05,732 sq. ft.).

They are dedicated to constantly expanding and updating their product range in order to stay ahead in the market. Their range of products under their manufacturing capabilities is summarized as under:
• Plywood, Block Boards & Flush Doors
• Veneer
• Sawn Timber

The Company markets its products under the brand name of “Sylvan”, through its network of Authorized Dealers and Authorized Sub Dealers. As on the date of this Prospectus, the Company has 223 Authorized Dealers present across 13 states. They have more than 12 numbers of plywood products in their basket, thickness ranging from 4 mm to 40 mm. Plywood segment (including Block Board and Flush Door) contributes approx. 81.74% of their revenue from operations. The Company has large range of product offering to wide range of customers, “Sylvan Z+ Premium Plus” is the most premium plywood product of their Company amongst other offerings in premium segment. They have “Robusta Premium” & “Primo Plus” for middle segment and “Sylvan Blu” which is aimed at lower class segment with a view of addressing the growing demand of cheaper plywood and their alternatives. They also offer Boiling Water Proof (BWP) and Boiling Water Resistant (BWR) plywood. Their range of plywood products caters to various customers across various segments.

INDUSTRIAL ROUNDWOOD

Production of tropical industrial roundwood (“logs”) in ITTO member countries totalled 279.1 million m3 in 2021, slightly less than the previous year, with Indonesia, India, Viet Nam, Brazil, and Thailand accounting for about 74 per cent of total ITTO production. Although many producer member countries show consistent production during the period 2020 to 2022, this generally reflects the insufficiency of data provided by members20 and hence the estimates must be considered tentative. Production in 2022 is estimated to moderate to 280.6 million m3.

India was ITTO’s second largest tropical log producer, with production totalling 48.0 million m3 in 2021 and 2022. About 2 million m3 is produced from state-owned forests where the harvesting is severely restricted, with the remaining volume sourced from trees outside forests21.

The Asia-Pacific producer region produced about 76 percent of ITTO producer members’ tropical hardwood logs in 2021. Latin America’s share of production was about 15 percent, with the African region accounting for the remainder (about 9 percent). During the period 2021 to 2022 production declined marginally in the African region while Asia-Pacific and Latin America/Caribbean production had increased. These trends may, however, reflect the quality of information provided, as only a few member countries provided reliable estimates for this period.

SAWNWOOD OUTLOOK

Production of tropical sawnwood in ITTO producer member countries accounted for 72 percent of world tropical sawnwood production in 2021 and totalled about 51.2 million m3. Production remained at about the same level in 2022, at 51.5 million m3. Nearly 80 percent of production in 2021 in ITTO producer countries was in the Asia-Pacific region, while Latin America/ Caribbean and Africa accounted for 11 percent and 10 percent respectively. There are several countries in the Asia-Pacific region with relatively large production levels – notably India, Viet Nam, Thailand, Malaysia, Indonesia and Myanmar (in descending order by volume), although the accuracy of data for the Asia-Pacific region continues to be impaired by the lack of information provided by India which is the largest producer in the region. Tropical sawnwood production in Latin America has fluctuated in recent years, with production totalling 5.5 million m3 in 2021, a marginal increase on 2020. Brazil accounted for 54 percent of the region’s production in 2021, with Peru, Ecuador, and Costa Rica, also being important producers.

VENEER OUTLOOK

Production of tropical veneer in ITTO producer countries increased year-on-year from 2017 to 2019, when production amounted to 5.742 million m3. In 2020, production declined by 5 percent before surging in 2021 to 7.457 million m3 and remaining at that level in 2022. Although production figures should not include veneer used in domestic plywood production, this distinction is often ignored because most veneer production is destined for the plywood industry and the volumes of decorative veneers produced and traded internationally are minimal. The Asia-Pacific producer region (not including China) produced over 5.974 million m3 of tropical veneer in 2021, Africa produced 1.101 million m3 and Latin America produced 0.382 million m3. The top five tropical veneer producing countries comprised about 66 percent of ITTO veneer production in 2021. ITTO consumer countries produced 679 000 m3 of tropical veneer in 2021, increasing marginally in 2022 to 684 000 m3 in 2022.

PLYWOOD OUTLOOK

Production of tropical plywood in ITTO member countries increased year-on-year between 2016 and 2021, and amounted to 49.2 million m3 in 2021, declining in 2022 to 48.4 million m3. Tropical plywood production in ITTO producer countries continues to be affected by substitution by softwood and temperate hardwood plywood and other panel products, rising production costs and a diminishing supply of tropical peeler logs in many producer countries. Tropical plywood is defined by the composition of the “face” veneer only, with a growing trend towards tropical plywood boards comprising only one tropical veneer face rather than all-tropical veneers.

India’s tropical plywood production is based largely on imported tropical logs and has also expanded significantly over the last decade, growing year-on-year between 2016 and 2019 and amounting to 10 million m3 in 2019. Production has moderated at 10.0 million m3 annually between 2019 and 2022. India’s tropical plywood production typically uses species such as: keruing (gurjan) from Myanmar for face veneer; balau, merbau and keruing from Malaysia; teak from Myanmar and other suppliers; and domestic plantation species for core veneer. In 2023, plywood manufacturers have reported cuts in production in response to limited raw material supplies and increased input prices, particularly resin, with plywood mills reporting competition for raw materials with new MDF and particleboard plants.

SYLVAN PLYBOARD (INDIA) LIMITED STRENGTHS

1. Brand Recognition
2. Wide dealers’ network
3. Large & Integrated manufacturing facility
4. Locational Advantage
5. Entry barrier
6. Specialised product portfolio
7. Experienced management team
8. Quality assurance and accreditations
9. Research and Development

SYLVAN PLYBOARD (INDIA) LIMITED STRATEGIES

1. Increasing plywood production
2. Increasing focus on lower-middle class segment
3. Increasing dealership network
4. Cost reduction initiative
5. Increasing marketing activity
6. Automation of manufacturing facility

SYLVAN PLYBOARD (INDIA) LIMITED RISK FACTORS & CONCERNS

1. The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility.
2. They majorly sell their products in West Bengal.
3. Expansion into new geographic regions and markets may subject them to various challenges.
4. In past the company had experienced fire mishap in their manufacturing facility.
5. Their business growth is partially dependent on the growth and development of construction real estate industry.
6. The Company maintains high level of inventory for uninterrupted production activities
7. The cost of production is exposed to fluctuations in the prices of raw material prices, particularly Timber.