K. V. Toys India Limited
Bookbuilding IPO · BSE
- Price band
- ₹227 - ₹239
- Lot size
- 600 shares
- Issue amount
- ₹40.15 cr
- Total subscription
- 352.72×
- Opens
- 8 Dec 2025
- Closes
- 10 Dec 2025
- Allotment
- 11 Dec 2025
- Listing
- 15 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 16,80,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,200
- Fresh issue
- ₹40.15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,43,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 46,00,000
- Shares after issue
- 62,80,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,86,800 |
| sHNI | 3 | 1,800 | ₹4,30,200 |
| bHNI | 7 | 4,200 | ₹10,03,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 466 | 5,701 |
| HNIs(10L +) | 89 | 333 |
| HNIs (2-10L) | 44 | 322 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.47 | 1,443.81 |
| Others | 0 | 10.17 |
| RETAIL | 13.36 | 5,030.64 |
| NIB | 5.72 | 2,892.91 |
| HNIs 2+ | 1.91 | 686.69 |
| HNIs 10+ | 3.81 | 2,206.22 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 36.49 | 15.51 | 84.54 |
| ROCE | 15.3 | 5.69 | 15.89 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 23.84 | 0 |
| POST IPO(PE) | 18.15 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| K. V. Toys India Ltd | 0 | 0 | 10 | 19.75 | 50.55 | 9.98 |
| Ok Play India Limited | 0 | 6.96 | 10 | 4.43 | -0.52 | -0.02 |
Company information
Company profile
K. V. Toys India Ltd., incorporated in 2009, is engaged in the contract manufacturing and sale of a wide range of plastic-moulded and metal-based toys for children across both educational and recreational categories. Its diverse portfolio includes friction-powered toys, soft bullet guns, ABS toys, pullback toys, battery-operated and electronic toys, die-cast metal vehicles, dolls, bubble toys, and various other play products. The company markets multiple in-house brands such as Alia & Olivia (doll range), Yes Motors (die-cast cars), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns), each designed for specific segments of the children’s toy market. Operating through 11 exclusive OEM manufacturing partnerships located across India, the company follows a contract manufacturing model that helps it maintain variety, efficiency, and reach.
Strengths
- Wide and Versatile Toy Portfolio Across Age Groups: The company offers an extensive range of toys—including friction toys, soft bullet guns, ABS toys, pull-back toys, electronic toys, die-cast vehicles, bubble toys, and dolls—catering to diverse age groups and play styles. Proprietary brands such as Alia & Olivia, Yes Motors, Funny Bubbles, and Thunder Strike enhance brand recognition and sustain demand throughout the year.
- Localized OEM Manufacturing with Rigorous Quality Controls: The company has established local production capabilities, particularly for PVC animal toys, reducing reliance on imports. Through proprietary moulds, strict child-safety material testing, and finishing die-cast metal cars at its Bhiwandi facility via OEM partners, it ensures high-quality standards and cost-effective production.
- Asset-Light Model with Integrated Supply Chain Oversight: Partnering with 11 exclusive OEMs, the company follows an asset-light manufacturing approach while maintaining complete quality control. The 84,400 sq. ft. Bhiwandi facility serves as the central hub for packaging, warehousing, and quality checks, enabling smooth logistics and lower capital expenditure without compromising operational efficiency.
Risk factors
- Full Reliance on Contract Manufacturers: The company depends entirely on exclusive third-party partners for production, enabling an asset-light model. However, any disruptions, delays, or quality issues at these manufacturers could impact production schedules, product consistency, and overall business outcomes.
- Limited Visibility on Capacity Utilisation: With fully outsourced production varying by product type, the company cannot provide direct data on capacity utilisation. This lack of insight into partner operations may limit transparency for investors regarding operational efficiency, scalability, and growth potential.
- Vulnerability to Shifts in Consumer Preferences: The toy market is highly dynamic, shaped by changing trends, tastes, income levels, and market sentiment. Failure to quickly respond to evolving consumer demands may adversely affect product sales, market share, and overall financial performance.
Promoters
Mr. Karan Narang
Mr. Vishal Narang
Ms. Namita Narang
Mr. Ayush Jain
Mr. Yash Jain
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 1508, 15th Floor, Solus Business Park, Building Hiranandani Estate, Ghodbunder Road, Thane, Maharashtra, 400607
+91- 89768 23566
[email protected]Company website ↗Understanding KVTOYS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.