IPO Details

Bidding Dates

24 Jun '24 - 26 Jun '24

Minimum Investment

₹1,10,000/1 Lot ( 2,000 Shares )

Price Range


Maximum Investment

₹1,10,000/1 Lot ( 2,000 Shares )

Retail Discount

Not Applicable

Issue Size

₹28.05 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

Sylvan Plyboard India Limited IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jun 24, 2024

Closing Date

Jun 26, 2024

Allotment Date

Jun 27, 2024

Initiation of Refunds

Jun 28, 2024

Credit of Shares to Demat

Jun 28, 2024

Listing Date

Jul 1, 2024

Cut-off time for UPI mandate confirmation

Jun 26, 2024

About Sylvan Plyboard India Limited

Incorporated in 2002, Sylvan Plyboard (India) Ltd specialises in manufacturing a wide range of wood products, including plywood, block board, flush doors, veneer, and sawn timber across various grades and thicknesses. With 223 authorised dealers spanning 13 states, the company's extensive product line caters to diverse customer needs.

Sylvan Plyboard's offerings include premium products like “Sylvan Z+ Premium Plus,” middle segment products such as “Robusta Premium” and “Primo Plus,” and economical options like “Sylvan Blu.” They also provide Boiling Water-Proof (BWP) and Boiling Water-Resistant (BWR) plywood. The plywood segment, including block boards and flush doors, constitutes approximately 81.74% of the company's revenue.

The company's products adhere to the Bureau of Indian Standards (BIS) and have earned ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Their manufacturing facility, strategically located near Kolkata Port Trust in Hooghly, West Bengal, integrates the entire production process in-house, minimising costs and reliance on third parties. The facility includes features such as ponds for timber moisturising, an in-house resin/glue production unit, and a thermic fluid heater unit.

Sylvan Plyboard supplies products to industries such as shipping, construction, real estate, interior decor, furniture, aviation, education, hospitals, transport, banking, and government projects. As of June 2024, the company employs 817 individuals across various departments.

Industry Outlook:

  1. In 2021, global merchandise trade rebounded by 9.7%, recovering from a 5.2% decline in 2020, driven by economic growth and consumer demand.
  2. India produced 48.0 million m³ of tropical logs in 2021 and 2022, with state-owned forests contributing about 2 million m³ annually.

Sylvan Plyboard India Limited IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  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
  4. General Corporate Purposes

Peer Details

The companies considered by Sylvan Plyboard India as its peers include:

  1. Archidply Industries Ltd.
  2. Duroply Industries Ltd.
  3. The Western India Plywoods Limited

How to Check the Allotment Status of the Sylvan Plyboard India Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Sylvan Plyboard India Limited 

Registered office: NH-2, Delhi Road, Champsara, Chinnamore, Baidyabati, Hooghly – 712222, West Bengal, India

Phone: +91 33 4801 7916 

E-mail: cs@sylvanply.com

Financial Performance

Particulars For the period ended on December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ lakh) 16,193.24 19,915.32 17,292.63 11,028.91
Profit After Tax (PAT) (in ₹ lakh) 447.98 352.85 305.31 37.09
Cash & Cash Equivalents (in ₹ lakh) 1,653.58 310.26 558.15 410.31
Net Worth (in ₹ lakh) 9,456.77 8,811.78 8,283.26 7,977.95
Debt to Equity Ratio(x) 0.68 0.62 0.55 0.59
Return on Net Worth (%) 4.74 4.00 3.69 0.46
Return on Capital Employed (RoCE) (%) 7.56 7.53 6.56 4.82
Earning Per Share (EPS)-in absolute ₹ 3.14 2.53 2.24 0.27

Know before investing


  1. Experienced promoter in the timber and plywood industry

  2. Integrated manufacturing facility with complete in-house processes.

  3. In-house timber logs procurement to packaging.

  4. Strong presence in West Bengal and Eastern India.

  5. Established the brand image of “Sylvan” for a decade.

  6. Quality products with satisfactory after-sales services.


  1. Competition from larger, experienced players with stronger resources.

  2. Increasing focus on MDF products by major competitors.

  3. Rising raw material costs affecting profitability significantly.

  4. Fluctuating demand influenced by economic conditions and trends.

  5. Dependence on suppliers for high-quality timber supply.

  6. High operating costs due to capital investment and labor expenses.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Sylvan Plyboard (India) Ltd IPO (Sylvan Plyboard IPO) FAQs

What is Sylvan Plyboard India Limited IPO?

Sylvan Plyboard India Limited IPO is a fixed price IPO. The IPO will be open from June 24, 2024 to June 26, 2024.

When will Sylvan Plyboard India Limited IPO be allotted?

The Basis of Allotment will happen on Thursday, June 27, 2024.

When will Sylvan Plyboard India Limited IPO open for subscription?

The IPO subscription window will open on June 24, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Sylvan Plyboard India Limited’s IPO is 1 lot of 2,000 shares, with a minimum investment of ₹1,10,000.

When will Sylvan Plyboard India Limited list on exchanges?

The listing date for Sylvan Plyboard India Limited is Monday, July 1, 2024.

What would be the listing gains on the Sylvan Plyboard India Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. 

I have finished the application process for the Sylvan Plyboard India Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Sylvan Plyboard India Limited IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Sylvan Plyboard India Limited using one PAN?

You can submit only one application using your PAN card.