India’s IPO market continues to witness active participation across sectors, supported by strong investor sentiment and a favourable primary market environment. Consumer-focused businesses, especially those with scalable models and wide product portfolios, have continued to draw attention from both retail and institutional investors. As demand for domestically manufactured toys increases, driven by rising disposable incomes and growing preference for homegrown brands, companies operating in this space are gaining prominence.
Against this backdrop, K. V. Toys India Ltd. is set to open its IPO on December 8, 2025. Here is a detailed insight into the company, its IPO, and sectoral prospects.
About K. V. Toys India Ltd.
Incorporated in 2009, K. V. Toys India Ltd. is engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys for children across educational and recreational categories.
The company’s extensive product portfolio includes:
- Friction-powered toys
- ABS toys
- Pullback toys
- Battery-operated and electronic toys
- Soft bullet guns
- Press-and-go toys
- Die-cast metal vehicles
- Bubble toys and dolls
It markets several in-house brands such as Alia & Olivia (dolls), Yes Motors (die-cast cars), Funny Bubbles, and Thunder Strike.
The company follows an asset-light contract manufacturing model with exclusive partnerships across 11 OEM facilities in India. Its strong design, packaging, and quality compliance capabilities form the backbone of its operations.
K. V. Toys India IPO Details
K. V. Toys India IPO is a book-built issue of ₹40.15 crore, entirely a fresh issue of 16,80,000 shares.
The company plans to utilise the funds for working capital requirements, repayment of borrowings, and general corporate purposes.
Important IPO Timeline
| Event | Date |
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Allotment Date (Tentative) | December 11, 2025 |
| Initiation of Refunds | December 12, 2025 |
| Credit of Shares to Demat | December 12, 2025 |
| Listing Date (Tentative) | December 15, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on December 10, 2025 |
Key IPO Details
| IPO Date | December 8, 2025 to December 10, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹227 to ₹239 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,80,000 shares (aggregating up to ₹40.15 Cr) |
| Reserved for Market Maker | 1,00,800 shares (aggregating up to ₹2.41 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 15,79,200 shares (aggregating up to ₹37.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 46,00,000 shares |
| Share Holding Post Issue | 62,80,000 shares |
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.
K. V. Toys India IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 1,00,800 (6.00%) |
| QIB | 7,80,600 (46.46%) |
| NII | 2,39,400 (14.25%) |
| Retail | 5,59,200 (33.29%) |
| Total | 16,80,000 (100%) |
Anchor Investor Details
| Detail | Information |
| Anchor Bid Date | December 5, 2025 |
| Shares Allotted | 4,68,000 |
| Anchor Portion Size | ₹11.19 Cr |
| Lock-in End Date (50%) | January 10, 2026 |
| Lock-in End Date (Remaining) | March 11, 2026 |
K. V. Toys India IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 1,200 | ₹2,86,800 |
| 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 |
Promoter Holding
| Category | Percentage |
| Pre-Issue | 79.65% |
| Post-Issue | 58.35% |
K. V. Toys India Ltd. Financials
Financial Information (Restated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 57.46 | 48.53 | 9.17 |
| Total Income | 80.90 | 85.60 | – |
| Profit After Tax | 4.06 | 4.59 | -0.11 |
| EBITDA | 6.10 | 6.36 | -0.14 |
| Net Worth | 13.14 | 16.86 | -0.01 |
| Reserves & Surplus | 8.54 | 4.49 | -0.11 |
| Total Borrowing | 25.57 | 44.03 | 9.17 |
| Amounts in ₹ Crore |
Key Performance Indicators (KPI)
| KPI | Pre IPO | Post IPO |
| EPS (₹) | 9.98 | 12.91 |
| P/E (x) | 23.94 | 18.51 |
Objects of the Issue
| S. No. | Objective | Amount (₹ Cr) |
| 1 | Funding working capital requirements | 20.92 |
| 2 | Repayment/prepayment of borrowings | 11.70 |
| 3 | General corporate purposes | – |
K. V. Toys India Ltd.: Industry Outlook
The Indian toys sector has been expanding rapidly, supported by rising disposable incomes, increased focus on early childhood learning, and the government’s emphasis on promoting domestic manufacturing. The shift from unbranded to branded and quality-certified products is creating strong demand across premium and mid-range categories.
Companies with diversified portfolios, quality compliance, strong OEM partnerships, and asset-light models are well-positioned to benefit from this evolving landscape. K. V. Toys India Ltd. operates across multiple toy segments and maintains manufacturing partnerships across the country, allowing it to scale efficiently with controlled costs.
K. V. Toys India IPO: Peer Comparison
K. V. Toys India IPO can be compared with peers such as Funskool India Ltd, Playgro Toys India Pvt Ltd, OK Play India Ltd, Arihant Industrial Corporation Ltd, and Mirada Creative Education Pvt Ltd. Reviewing these companies helps investors understand K. V. Toys India’s position in the Indian toys and children’s products segment, offering useful context on market competitiveness, product diversification, and growth potential before making informed investment decisions.
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Conclusion
K. V. Toys India Ltd. offers an interesting proposition for investors looking to tap into India’s growing toys market. The company’s diversified product range, asset-light manufacturing model, strong brand portfolio, and established OEM partnerships position it well for future expansion. However, potential investors should consider factors such as its dependence on OEM partners, competitive intensity in the toy segment, and recent financial volatility.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
