K. V. Toys India BSE SME

K. V. Toys India SME IPO

Listed

BSE SMEOpens 8 December 2025Closes 10 December 2025

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…

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Live GMPSubscriptionAllotment
Price band
₹227 - ₹239
Issue size
₹37.74 Cr
Lot size
600 shares
Type
BSE SME
GMP
₹129 (+54.0%)
Est. listing
₹368
Est. profit / app
₹1,54,800
Retail quota
33.29%

Key ratios

As per RHP / filings
Face value
₹10
EPS
12.91
P/E ratio
18.51
RoNW
0%
ROE
0%
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Timeline

  1. IPO Opens

    8 Dec 2025

  2. IPO Closes

    10 Dec 2025

  3. Allotment

    11 Dec 2025

  4. Listing

    15 Dec 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date8 December 2025
IPO Close Date10 December 2025
Allotment Date11 December 2025
Listing Date15 December 2025

Investment Categories

CategoryLotsAmount
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

CategoryReservation
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%
Retail33.29%
Market Maker6.00%
Total100.00%

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 Ended30 Sep 202531 Mar 202531 Mar 2024
Assets (₹ Cr.)57.4648.539.17
Revenue (₹ Cr.)80.985.681.63
PAT (₹ Cr.)4.064.59-0.11
Net Worth (₹ Cr.)13.1416.86-0.01

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x1.36x193.25x
NII0.71x22.57x505.19x
S-HNI1.22x16.88x360.05x
B-HNI1.03x25.42x577.76x
RII2.45x22.16x376.41x
Total1.38x16.4x352.63x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB3,12,6006,04,10,4001,443.81
NII2,39,40012,09,41,4002,890.5
Small NII79,8002,87,31,600686.69
Big NII1,59,6009,22,09,8002,203.81
RII5,59,20021,04,87,2005,030.64
Total11,11,20039,18,39,0009,364.95
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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

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).

K. V. Toys India SME IPO News & Updates

Follow the latest updates for K. V. Toys India SME IPO, including grey market moves and allotment news.

K. V. Toys India SME IPO IPO Pages

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K. V. Toys India SME IPO Details

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K. V. Toys India SME IPO GMP

Live grey market premium and listing estimate

K. V. Toys India SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

K. V. Toys India SME IPO Allotment

Allotment date, chances, and check by PAN

K. V. Toys India SME IPO Review

SWOT, strengths, risks, and IPO review

K. V. Toys India SME IPO FAQ

Common questions on dates, GMP, and allotment

K. V. Toys India SME IPO Registrar

Registrar website and how to check allotment

K. V. Toys India SME IPO Timeline

Open, close, allotment, and listing dates

K. V. Toys India SME IPO News

Updates, blogs, and latest IPO news

Sources

We match K. V. Toys India SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Purva Sharegistry (India) Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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