Sylvan Plyboard India IPO Listed at a premium of 20%

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 1st July 2024 - 12:44 pm

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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).

Read more about Sylvan Plyboard India IPO

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