K. V. Toys India SME: Check IPO Date, Live Subscription and Key Details
K. V. Toys India Ltd., established in 2009, is a domestic brand-owning manufacturer engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys for children (educational and recreational segments). The company uses an asset-light contract manufacturing model through exclusive partnerships with 11 OEM facilities across India, supplemented by an in-house assembly and quality control hub. It sells products under proprietary brands like Alia & Olivia, Yes Motors, and Thunder Strike, catering to the growing domestic toy market.
Price Range
₹227.0 - ₹239.0
Issue Size
₹37.74 Cr
Lot Size
600 shares
IPO Type
BSE SME
GMP
₹129(+53.97%)
Est. Listing Price
₹368
Estimate Profit
₹1,54,800
Retail Portion
33.29%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
12.91
P/E Ratio
18.51
RoNW
0%
ROE
0%
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Timeline
IPO Opens
8 Dec
IPO Closes
10 Dec
Allotment
11 Dec
Listing
15 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 December 2025 | Subscription starts |
| IPO Close Date | 10 December 2025 | Subscription ends |
| Allotment Date | 11 December 2025 | Allotment |
| Listing Date | 15 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,86,800 |
SHNI (Min) | 3 | ₹4,30,200 |
SHNI (Max) | 6 | ₹8,60,400 |
BHNIAbove ₹10,00,000 | 7 | ₹10,03,800 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 46.46% |
| NII (Non-Institutional Investor) | 14.25% |
| SHNI (Small Non-Institutional Investor) | 4.75% |
| BHNI (Big Non-Institutional Investor) | 9.50% |
| Retail | 33.29% |
| Market Maker | 6.00% |
| Total | 100.00% |
IPO Objectives
- Funding working capital requirements of the company (₹20.92 Cr).
- Repayment/prepayment of all or certain of the borrowings availed of by the Company (₹11.70 Cr).
- General corporate purposes.
Strengths
- The company shows Strong Financial Growth, with Revenue increased by 54% in FY25 (₹85.60 Cr) and PAT showing a significant recovery and growth to ₹4.59 Cr (FY25) from a loss in FY24.
- The IPO saw Exceptional Subscription of 352.63 times (driven by NIIs and Retail), signaling massive investor confidence.
- It operates an Asset-Light Model via exclusive 11 OEM contracts, which enables scalability and reduces manufacturing capital expenditure risk.
- The business maintains a Diverse Product Portfolio of over 700 active SKUs across proprietary brands (Alia & Olivia, Yes Motors), catering to different segments.
- The company exhibits High Profitability with a strong RoNW of 50.55% and a reasonable post-IPO P/E of 18.51x (annualized H1 FY26 EPS).
Weaknesses
- The High Debt-to-Equity Ratio of 1.95 (FY25 post-acquisition) is substantial, although the IPO aims to repay a portion of borrowings.
- The business is Working Capital Intensive, with a large portion of the IPO (₹20.92 Cr) earmarked for working capital, indicating a high reliance on inventory and credit cycles.
- The Asset-Light Model carries risk due to dependence on 11 OEM partners for manufacturing, leading to potential issues with quality control, pricing power, and supply chain disruptions.
- It operates in a Fragmented Market and highly competitive toy manufacturing and distribution segment.
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Financial Performance
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 57.46 | 48.53 | 9.17 |
| Revenue (₹ Cr.) | 80.9 | 85.6 | 81.63 |
| PAT (₹ Cr.) | 4.06 | 4.59 | -0.11 |
| Net Worth (₹ Cr.) | 13.14 | 16.86 | -0.01 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 1.36x | 193.25x |
| NII | 0.71x | 22.57x | 505.19x |
| S-HNI | 1.22x | 16.88x | 360.05x |
| B-HNI | 1.03x | 25.42x | 577.76x |
| RII | 2.45x | 22.16x | 376.41x |
| Total | 1.38x | 16.4x | 352.63x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,12,600 | 6,04,10,400 | 1,443.81 |
| NII | 2,39,400 | 12,09,41,400 | 2,890.5 |
| Small NII | 79,800 | 2,87,31,600 | 686.69 |
| Big NII | 1,59,600 | 9,22,09,800 | 2,203.81 |
| RII | 5,59,200 | 21,04,87,200 | 5,030.64 |
| Total | 11,11,200 | 39,18,39,000 | 9,364.95 |
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Company Details
- K.V.Toys India Ltd.
- Office No. 1508, 15th Floor, Solus Business Park, Building Hiranandani Estate, Ghodbunder Road, Thane, -400607
- +91- 89768 23566
- cs@kvtoysindia.com
- https://kvtoys.com/
Registrar Details
- Purva Sharegistry (India) Pvt.Ltd.
- +91-022-23018261/ 23016761
- newissue@purvashare.com
- https://www.purvashare.com/investor-service/ipo-query
Frequently Asked Questions
What is the core business of K.V.Toys India Limited?
K.V.Toys India is engaged in the contract manufacturing and sale of a diverse portfolio of plastic-moulded and metal-based toys for children, marketed under proprietary brands like Alia & Olivia, Yes Motors, and Thunder Strike.
How was the K.V.Toys India IPO subscribed?
The IPO was massively oversubscribed, reaching 352.63 times overall (as of close on Dec 10, 2025), with the NII portion subscribed over 505 times and the Retail portion over 376 times.
What is the IPO price band and allotment date?
The price band is ₹227.00 to ₹239.00 per share. The tentative allotment is expected today, December 11, 2025.
What are the main objectives of the ₹37.74 Cr Fresh Issue?
The net proceeds are allocated to fund working capital requirements (₹20.92 Cr) and the repayment/prepayment of outstanding borrowings (₹11.70 Cr).
What is the company's manufacturing model?
The company operates on an asset-light contract manufacturing model through exclusive partnerships with 11 OEM facilities across India, reducing capital expenditure while maintaining quality compliance.
What is the valuation of K.V.Toys India post-IPO?
The Post-IPO P/E ratio is 18.51x (based on annualized H1 FY26 EPS), which is considered reasonably priced for the sector, given the company's recent profitability turnaround and high RoNW of 50.55% (FY25).
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