Sylvan Plyboard India IPO Listed at a premium of 20%
Last Updated: 1st July 2024 - 12:44 pm
Strong Listing for Sylvan Plyboard India IPO in NSE-SME Segment
Sylvan Plyboard India had a strong listing on 01st July 2024, debuting at ₹66.00 per share, marking a 20.00% premium over the issue price of ₹55.00 per share in the IPO. Here is the pre-open price discovery for the Sylvan Plyboard India IPO on the NSE.
PRE-OPEN ORDER COLLECTION SUMMARY
Description | Value |
Indicative Equilibrium Price (In ₹) | 66.00 |
Indicative Equilibrium Quantity (Number of Shares) | 10,02,000 |
Final Price (In ₹) | 66.00 |
Final Quantity (Number of Shares) | 10,02,000 |
Previous Close (Final IPO Price) | ₹55.00 |
Discovered Listing Price Premium / Discount to IPO Price (₹) | ₹+11.00 |
Discovered Listing Price Premium / Discount to IPO Price (%) | +20.00% |
Data Source: NSE
The SME IPO of Sylvan Plyboard India was a fixed price IPO with an issue price of ₹55 per share. Despite no anchor allocation and absence of a dedicated QIB quota, the IPO garnered a strong subscription response of over 84X. On 01st July 2024, Sylvan Plyboard India listed at ₹66.00 per share, showing a 20.00% premium over the IPO price of ₹55.00 per share. For the day, within the 5% circuit filter category, the upper circuit price was set at ₹69.30 and the lower circuit price at ₹62.70.
As of 10.12 am, trading volumes reached 21.08 lakh shares with a turnover value of ₹1,394 lakhs. The opening market cap stood at ₹125.94 crore. Sylvan Plyboard India's equity shares (Symbol: SYLVANPLY) are initially in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and will shift to Series SM (Normal Rolling Segment – Settlement Type N). At 10.12 am, the stock traded at ₹63.65, which is -3.56% below the listing price of ₹66.00 per share, reflecting moderate trading post-listing. The stock has a face value of ₹10 per share, and the market lot comprises 2,000 shares. It trades under the NSE symbol (SYLVANPLY), with the ISIN code for demat credits being (INE01IH01015).
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