K.V.Toys India IPO Details

Bookbuilding IPO | ₹40 Cr | Listed at BSE SME | Mon, Dec 8, 2025 - Wed, Dec 10, 2025

K.V.Toys India IPO Logo

K.V.Toys India IPO is a book build issue of ₹40.15 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹40.15 crore.

K.V.Toys India IPO bidding started from Dec 8, 2025 and ended on Dec 10, 2025. The allotment for K.V.Toys India IPO was finalized on Dec 11, 2025. The shares got listed on BSE SME on Dec 15, 2025.

K.V.Toys India IPO price band is set at ₹239 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,86,800 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹4,30,200.

GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..

Refer to K.V.Toys India IPO RHP for detailed Information.

IPO Open

Mon, Dec 8, 2025

IPO Close

Wed, Dec 10, 2025

Issue Price

₹239 per share

Market Cap (Pre-IPO)

₹150.09 Cr

IPO Details

IPO Date8 to 10 Dec, 2025
Listed onMon, Dec 15, 2025
Face Value10 per share
Price Band₹227 to ₹239
Issue Price₹239 per share
Lot Size600 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size16,80,000 shares
(agg. up to ₹40 Cr)
Reserved for Market Maker
1,00,800 shares
(agg. up to ₹2 Cr)
Giriraj Stock Broking Pvt.Ltd.
Fresh Issue
(Ex Market Maker)
15,79,200 shares
(agg. up to ₹38 Cr)
Net Offered to Public15,79,200 shares
(agg. up to ₹38 Cr)
Share Holding Pre Issue46,00,000 shares
Share Holding Post Issue62,80,000 shares
BSE Script Code 544641
ISININE1IE301018

IPO Timetable

Issue Reservation

K.V.Toys India IPO comprises a total issue size of 16,80,000 shares. The net offer to the public is 15,79,200 shares, after excluding 1,00,800 shares allotted on a firm basis. Of the Net offer 7,80,600 (49.43%) are allocated to QIB, 2,39,400 (15.16%) allocated to NII 5,59,200 (35.41%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 7,80,60049.43%46.46%
  − Anchor Investor Shares Offered 4,68,00027.86%
  − QIB (Ex. Anchor) Shares Offered 3,12,60018.61%
NII (HNI) Shares Offered 2,39,40015.16%14.25%
  − bNII > ₹10L 1,59,6009.50%
  − sNII < ₹10L 79,8004.75%
Retail Shares Offered 5,59,20035.41%33.29%
Firm Reservations
Market Maker Shares Offered 1,00,8006.00%
Total Shares Offered 16,80,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 1,200 ₹2,86,800
Individual investors (Retail) (Max) 2 1,200 ₹2,86,800
S-HNI (Min) 3 1,800 ₹4,30,200
S-HNI (Max) 6 3,600 ₹8,60,400
B-HNI (Min) 7 4,200 ₹10,03,800
IPO Subscription Details

IPO Anchor Investors

K.V.Toys India IPO raises ₹11.19 crore from anchor investors. K.V.Toys India IPO Anchor bid date is December 5, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateFri, Dec 5, 2025
Shares Offered4,68,000
Anchor Portion (₹ Cr.)11.19
Anchor lock-in period end date for 50% shares (30 Days)Mon, Jan 12, 2026
Anchor lock-in period end date for remaining shares (90 Days)Fri, Mar 13, 2026

About K.V.Toys India Ltd.

Incorporated in 2009, K. V. Toys India Ltd. is engaged in the business of contract manufacturing and sale of plastic-moulded and metal-based toys for children, covering both educational and recreational segments.

The company's diversified product portfolio includes friction-powered toys, soft bullet guns, ABS (Acrylonitrile Butadiene Styrene) toys, pullback toys, battery-operated and electronic toys, press-and-go toys, die-cast metal vehicles, bubble toys, dolls, and other play-based products.

The company market several proprietary brands such as Alia & Olivia (doll range), Yes Motors (die-cast car range), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns), each catering to specific segments of the children’s toy market.

The company operate on a contract manufacturing model through exclusive partnerships with 11 OEM’s facilities strategically located across India.

Competitive Strengths:

  • Diverse Product Portfolio Catering to All Age Groups of Children
  • Localized OEM-Based Manufacturing with Quality Compliance
  • Strong In-House Design and Packaging Capabilities
  • Asset-Light Manufacturing Model with Integrated Supply Chain Control
  • Superior Quality at Competitive Prices

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 2024
Assets57.4648.539.17
Total Income80.9085.60
Profit After Tax4.064.59-0.11
EBITDA6.106.36-0.14
NET Worth13.149.09-0.01
Reserves and Surplus8.544.49-0.11
Total Borrowing25.5744.039.17
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding working capital requirements of the company 20.92
2 Repayment/prepayment of all or certain of the borrowings availed of by the Company 11.70
3 General corporate purposes 4.17

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)9.9812.91
P/E (x)23.9418.51
Promoter Holding79.65%58.35%
Market Cap150.09 Cr.
Mr. Karan Narang, Mr. Vishal Narang, Ms. Namita Narang, Mr. Ayush Jain & Mr. Yash Jain are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Review

[Dilip Davda]
KVTIL is engaged in the business of contract manufacturing of various types of toys. It is operating in a highly competitive and fragmented segment. Its financial records are dicey with inconsistency. Based on its recent financial data, the issue appears greedily priced. Small paid-up equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey and dicey bet.
Read detail review...

K.V.Toys India IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0000
Members0000

K.V.Toys India IPO Subscription Status (Bidding Detail)

The K.V.Toys India IPO is subscribed 352.63 times on December 10, 2025 6:19:44 PM (Day 3). The public issue subscribed 376.41 times in the individual investors category, 193.25 times in the QIB category, and 505.19 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for Total Application
QIB (Ex Anchor)193.253,12,6006,04,10,4000
NII* 505.192,39,40012,09,41,4000
    bNII (bids above ₹10L)577.761,59,6009,22,09,800
    sNII (bids below ₹10L)360.0579,8002,87,31,600
Individual Investor376.415,59,20021,04,87,2000
Total352.6311,11,20039,18,39,0002,12,515

Total Application : 2,12,515

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Manager Fees 0.25
2 Underwriting Fees 2.01
3 Fees payable to the Market maker to the Issue 0.06
4 Fees payable to the Registrar to the Issue 0.05
5 Fees payable for Advertising and Publishing Expense 0.11
6 Fees payable to Regulators including Stock Exchange & Depositories 0.18
7 Payment for Printing & Stationary, Postage etc. 0.01
8 Fees payable to statutory auditors, Legal Advisors & other Professionals i.e. Practicing Company Secretary 0.29
9 Other Expense including Processing fees of the Banker to the Issue, commission and brokerage payable to the SCSBs Syndicate, RTAs, CDPs and SCSBs, listing related out of pocket expenses 0.39

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price239.00
Open320.00
Low304.00
High336.00
Last Trade336.00

Check IPO Performance…

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

Contact Details

K.V.Toys India Ltd. Address
Office No. 1508,
15th Floor, Solus Business Park,
Building Hiranandani Estate, Ghodbunder Road,
Thane, Maharashtra, 400607
Open an Instant Account with Zerodha

IPO FAQs

K.V.Toys India IPO is a SME IPO of 16,80,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹239 per share. The minimum order quantity is 600.

The IPO opens on Mon, Dec 8, 2025, and closes on Wed, Dec 10, 2025.

Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in K.V.Toys India IPO using UPI as a payment gateway. Zerodha customers can apply in K.V.Toys India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in K.V.Toys India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'K.V.Toys India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The K.V.Toys India IPO opens on Mon, Dec 8, 2025 and closes on Wed, Dec 10, 2025.

K.V.Toys India IPO lot size is 600, and the minimum amount required for application is ₹2,86,800, with 2 lots being the minimum application size.

You can apply in K.V.Toys India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for K.V.Toys India IPO will be done on Thursday, December 11, 2025, and the allotted shares will be credited to your demat account by Fri, Dec 12, 2025. Check the K.V.Toys India IPO allotment status.

The K.V.Toys India IPO listing date is on Mon, Dec 15, 2025.

Compare: