Sylvan Plyboard (India) Ltd, a wood products manufacturer, is gearing up for its IPO worth over ₹28 crore. The IPO will be open for subscription from Monday, June 24, to Wednesday, June 26.
The price for Sylvan Plyboard shares has been set at ₹55 each. The company aims to raise ₹28.05 crore by issuing 51 lakh new equity shares.
Key Dates:
- IPO Allotment: Expected on June 27
- Listing Date: July 1 on NSE SME
Details for Investors:
- Lot Size: 2,000 shares
- Minimum Investment: ₹110,000 for retail investors
Purpose of the IPO:
- Buy more plant and machinery
- Meet working capital needs
- General corporate purposes
Finshore Management Services is managing the IPO, while Bigshare Services Pvt Ltd is the registrar.
Promoters:
- Singh Suppliers Private Limited
- Anand Kumar Singh
- Jai Prakash Singh
- Shakuntala Singh
- Kalyani Singh
Current promoter shareholding is 99.8% and will decrease to 71.23% after the IPO.
Financials:
- FY23: Net profit of ₹3.52 crore, revenue of ₹199.15 crore
- Nine months ended December 2023: Net profit of ₹4.47 crore, revenue of ₹161.93 crore
Currently, Sylvan Plyboard shares are not trading in the grey market, meaning there’s no grey market premium (GMP) yet, according to market watchers.
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