K. V. Toys India IPO is set to open on December 8, 2025, and will close on December 10, 2025. The company aims to raise around ₹40.15 crores through this SME IPO via a book-building process. The IPO comprises a fresh issue of ₹40.15 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO is fixed between ₹227 and ₹239 per share. The allotment will be finalized on December 11, 2025, and the shares are expected to list on the BSE SME platform on December 15, 2025. The retail portion is 35%, QIBs (Qualified Institutional Buyers) will get 50%, and HNIs (High Net-worth Individuals) are allocated 15%.
Financially, the company reported revenue of ₹85.60 crores and a profit of ₹4.56 crores in 2025. Considering its growth and product portfolio, IPO investors are advised to consider a long-term investment perspective.
Contents
K. V. Toys India IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹227 to ₹239 Per Share |
| Issue Size | Approx ₹40.15 Crores |
| Fresh Issue | Approx ₹40.15 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
K. V. Toys India IPO
Open: 8-10 Dec
Issue Size: ₹40.15 Cr.
Objective: Raise funds to meet working-capital needs and repay existing borrowings
Exchange: BSE SME
K. V. Toys India IPO GMP Today
K. V. Toys India SME IPO is showing strong momentum in the grey market, with the latest GMP standing at ₹80 as of 8 December 2025. With the IPO’s upper price band fixed at ₹239, the estimated listing price works out to around ₹319, indicating a potential gain of 33.47% for investors. The retail subject to sauda rate is also holding firm at ₹36,500, reflecting continued interest from the market.
Over the past seven sessions, the GMP trend has been consistently upward, hinting at a positive sentiment ahead of the listing. The lowest GMP observed during the period was ₹24, while the highest reached ₹80, showing steady improvement as demand picked up.
This movement suggests that the IPO may witness a healthy listing premium if current sentiment continues.
Below is a quick look at the day-wise GMP trend:
| Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 08 Dec 2025 | 239 | ₹80 | ₹319 (33.47%) | ₹48,000 |
| 07 Dec 2025 | 239 | ₹80 | ₹319 | ₹48,000 |
| 06 Dec 2025 | 239 | ₹75 | ₹314 | ₹45,000 |
| 05 Dec 2025 | 239 | ₹75 | ₹314 | ₹45,000 |
| 04 Dec 2025 | 239 | ₹54 | ₹293 | ₹32,400 |
| 03 Dec 2025 | 239 | ₹27 | ₹266 | ₹16,200 |
| 02 Dec 2025 | 239 | ₹24 | ₹263 | ₹14,400 |
These numbers reflect only grey market sentiment. It is not a recommendation to trade in the grey market.
K. V. Toys India IPO Review
K. V. Toys India IPO is aimed at expanding its production and market presence. With a robust product portfolio of over 700 SKUs and growing revenue, the company has positioned itself as a strong SME in the toy sector.
The IPO pricing between ₹227–₹239 per share seems reasonable, with a long-term growth outlook for investors. The SME listing on BSE provides an opportunity for retail and institutional investors to participate in an emerging company with a stable financial track record.
K. V. Toys India IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,86,800 |
| Retail Maximum | 2 | 1,200 | ₹2,86,800 |
| S-HNI Minimum | 3 | 1,800 | ₹4,30,200 |
| S-HNI Maximum | 6 | 3,600 | ₹8,60,400 |
| B-HNI Minimum | 7 | 4,200 | ₹10,03,800 |
K. V. Toys India IPO Reservation
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | – % |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
K. V. Toys India IPO Anchor Investors
| Detail | Information |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in period end date 50% shares | 30 Days, 2025 |
| Lock-in period end date 50% shares | 90 Days, 2025 |
- Also Read: Riddhi Display IPO
K. V. Toys India IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Basis of Allotment | December 11, 2025 |
| Refunds | December 12, 2025 |
| Credit to Demat Account | December 12, 2025 |
| IPO Listing Date | December 15, 2025 |
| IPO Bidding Cut-off Time | December 10, 2025 – 5 PM |
Promoters and Holding Pattern
Promoters of K. V. Toys India include Mr. Karan Narang, Mr. Vishal Narang, Ms. Namita Narang, Mr. Ayush Jain, and Mr. Yash Jain.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 46,00,000 | 79.65% |
| Promoter Holding Post Issue | 62,80,000 | 58.35% |
Objects of the Issue
The proceeds of the IPO will primarily fund the company’s working capital requirements of ₹23.29 crores. Around ₹11.08 crores will be used to repay or prepay certain borrowings.
The balance may be utilised for general corporate purposes. This structured approach will help K. V. Toys India strengthen its financial position and support future growth.
About K. V. Toys India Ltd.
K. V. Toys India Ltd., established in 2009, specialises in manufacturing and selling plastic-moulded and metal toys for children. The company offers a wide portfolio, including friction-powered toys, soft bullet guns, ABS toys, pullback toys, battery-operated and electronic toys, press-and-go toys, die-cast metal vehicles, bubble toys, and dolls.
Its products are marketed under brands like Alia & Olivia dolls, Yes Motors toy cars, Funny Bubbles play sets, and Thunder Strike soft-bullet guns, catering to children of various age groups. The company started with just 20 products and now boasts over 700 SKUs across multiple categories.
K. V. Toys India IPO Company Financials (₹ in Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | – | 0.14 | 0.11 | 9.17 |
| 2025 | 85.60 | 79.53 | 4.56 | 48.58 |
K. V. Toys India IPO Valuation – FY2025
| KPI | Values |
|---|---|
| Earning Per Share (EPS) | ₹9.91 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 50.36% |
| Net Asset Value (NAV) | ₹19.68 |
| ROE | –% |
| ROCE | –% |
| EBITDA Margin | –% |
| PAT Margin | –% |
| Debt to Equity Ratio | – |
Peer Comparison:
Ok Play India Limited has an EPS of (0.02), RoNW of (0.52)%, NAV of ₹4.43, and revenue of ₹175.06 Cr.
IPO Lead Managers
GYR Capital Advisors Pvt. Ltd.
Company Address
| Field | Details |
|---|---|
| Name | K. V. Toys India Ltd. |
| Office No. | 1508, 15th Floor, Solus Business Park |
| Building | Hiranandani Estate, Ghodbunder Road |
| City | Thane, Maharashtra, 400607 |
| Phone | +91-89768 23566 |
| cs@kvtoysindia.com | |
| Website | https://kvtoys.com/ |
IPO Registrar
| Field | Details |
|---|---|
| Name | Purva Sharegistry (India) Pvt. Ltd. |
| Phone | +91-022-23018261 / 23016761 |
| newissue@purvashare.com | |
| Website | https://www.purvashare.com/investor-service/ipo-quer |
K. V. Toys India IPO FAQs
What is K. V. Toys India IPO?
It is an SME IPO to raise ₹40.15 crores via a book-building issue. Price band is ₹227–₹239 per share.
When will the IPO open and close?
Open on December 8, 2025, and close on December 10, 2025.
Investor Portion?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply?
Through ASBA online, UPI, or offline application via stock brokers.
IPO Allotment & Listing Dates?
Allotment: December 11, 2025; Listing: December 15, 2025 on BSE SME.
Lot Size & Minimum Application?
Minimum bid: 1,200 shares, amounting to ₹2,86,800.
Expert Comment
K. V. Toys India is a well-diversified SME with strong product variety and steady revenue growth. The IPO pricing is reasonable, and it offers a credible long-term investment opportunity for investors seeking exposure in the organised toy sector.
While retail subscription may be competitive, the company’s financials and established brand presence provide confidence for sustainable growth post-listing.
