Sylvan Plyboard (India) Ltd., a manufacturer of wood products, is getting ready to enter the stock market through an Initial Public Offering (IPO). This means the company will be selling its shares to the public for the first time. The IPO is expected to raise ₹28.05 crore (approximately $3.3 million) for the company.
Key Details of the Sylvan Plyboard IPO:
- Price: ₹55 per share (fixed price, no bidding)
- Issue Period: June 24, 2024 (Monday) to June 26, 2024 (Wednesday)
- Issue Size: ₹28.05 crore
- Number of Shares: 51 lakh (5.1 million) equity shares (fresh issue only)
- Listing Exchange: NSE SME
- Expected Allotment Date: June 27, 2024
- Expected Listing Date: July 1, 2024
In this IPO, all the shares being offered are new shares issued by Sylvan Plyboard. This means the company will get the entire ₹28.05 crore raised through the IPO. There are no existing shareholders selling their shares in this offering.
If you are interested in investing in Sylvan Plyboard’s IPO, you will need to approach a broker registered with the NSE. They will help you with the entire application process. Since the IPO is priced at a fixed rate, there’s no bidding involved.
The minimum investment amount for retail investors is ₹1,10,000 (approximately $1,300) as the lot size is fixed at 2,000 shares. This means you will need to subscribe for at least 2,000 shares at ₹55 per share.
Things to Consider Before Investing:
- Company Financials: It’s important to review Sylvan Plyboard’s financial statements and future plans before investing. This will help you understand the company’s financial health and growth prospects.
- Market Conditions: The overall stock market conditions can also impact the performance of the IPO.
- Investment Goals: Consider your own investment goals and risk tolerance before making a decision.
IPO Doesn’t Guarantee Profits:
Investing in an IPO carries inherent risks. The company’s share price might not rise after listing, and you could potentially lose money.
Further Research Recommended:
This news article provides a basic overview of the Sylvan Plyboard IPO. It’s advisable to conduct your own research on the company, its financials, and the overall market conditions before making any investment decisions. Consulting a financial advisor can also be helpful.