K.V. Toys India Limited is a growing player in India’s toy manufacturing industry, engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys. The company caters to a wide spectrum of educational, developmental, and recreational toy categories, offering products that appeal to children across multiple age groups.
The business, originally operated under the proprietorship firm M/s KV Impex since 2009, was transferred into K.V. Toys India Limited through a Business Transfer Agreement dated January 31, 2025. This transition allowed the company to scale operations, broaden its product offerings, and strengthen its position in the organised toy market.
The company has built a vast SKU portfolio, offering more than 700 active products, covering multiple toy categories. Its product lineup includes:
- Friction-powered toys
- Soft bullet guns
- Pullback toys
- ABS (Acrylonitrile Butadiene Styrene) plastic toys
- Battery-operated and electronic toys
- Press-and-go toys
- Die-cast metal vehicles
- Bubble toys
- Dolls and character-based toys
- Various other plastic-moulded and play-based products
K.V. Toys markets products under several in-house proprietary brands, each curated for a specific toy category:
- Alia & Olivia – Doll range
- Yes Motors – Die-cast metal car series
- Funny Bubbles – Bubble toys
- Thunder Strike – Soft bullet guns
The company follows an asset-light contract manufacturing model, working through exclusive partnerships with 11 OEM facilities located across India.
K.V. Toys operates a 100,000 sq. ft. warehouse and assembly facility in Bhiwandi that handles storage, quality checks, packaging, and nationwide dispatches. With a strong pan-India distribution network and its first exports sent to Germany, the company is now stepping into global markets.
K. V. Toys India IPO – Details
| IPO Opening Date | 08 December 2025 |
| IPO Closing Date | 10 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 16,80,000 Shares Worth ₹40.15 Crore Fresh Issue: 16,80,000 Shares Worth ₹40.15 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹227 – ₹239 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
K. V. Toys India IPO – Date Schedule
| IPO Open Date | 08 December 2025 |
| IPO Close Date | 10 December 2025 |
| Basis of Allotment | 11 December 2025 |
| Initiation of Refund | 12 December 2025 |
| Credit of Shares to Demat | 12 December 2025 |
| IPO Listing Date | 15 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 10, 2025 |
K. V. Toys India IPO – Lots Size & Price
| 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 |
Competitive Strength
- Diverse Product Portfolio Catering to All Age Groups of Children.
- Localized OEM-Based Manufacturing with Quality Compliance.
- Strong In-House Design and Packaging Capabilities.
- Asset-Light Manufacturing Model with Integrated Supply Chain Control.
- Superior Quality at Competitive Prices.
Company Promoters
- Mr. Vishal Narang
- Mr. Karan Narang
- Ms. Namita Narang
- Mr. Ayush Jain
- Mr. Yash Jain
Company Financials (Standalone)
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹73.98 Cr | ₹71.29 Cr | ₹2.01 Cr | ₹12.16 Cr |
| 31 March 2024 | ₹81.84 Cr | ₹77.55 Cr | ₹3.19 Cr | ₹9.17 Cr |
| 31 March 2025 | ₹85.60 Cr | ₹79.54 Cr | ₹4.59 Cr | ₹44.03 Cr |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements of the company. | ₹20.92 |
| Repayment/prepayment of all or certain of the borrowings availed of by the Company. | ₹11.70 |
| General Corporate Purposes. | – |
✅Strengths
- Wide product range across 700+ SKUs.
- Strong proprietary brands (Alia & Olivia, Yes Motors, etc.).
- Asset-light model with 11 OEM partners.
- BIS-compliant quality and in-house testing.
- Pan-India distribution network.
- Large 100,000 sq. ft. warehouse for assembly & dispatch.
- High repeat customers (93%+).
- Started exports with Germany.
⚠️Risks
- Dependence on OEMs for manufacturing.
- Raw material price volatility.
- Highly competitive, fragmented industry.
- Strict compliance requirements (BIS/QCO).
- Working capital–heavy business.
- Loss of key customers can impact revenue.
- New corporate structure post 2025 takeover.
- Regulatory and import policy changes.
K. V. Toys India IPO Promoter Holding
| Pre-Issue Share Holding | 79.65% |
| Post Issue Share Holding | – |
K. V. Toys India IPO Prospectus
Company Contact Information
| K. V. Toys India Ltd. Office No. 1508, 15th Floor, Solus Business Park, Building Hiranandani Estate, Ghodbunder Road, Thane, Maharashtra, 400607 Phone: +91- 89768 23566 Email: cs@kvtoysindia.com Website: https://kvtoys.com/ |
K. V. Toys India IPO Registrar
| Purva Sharegistry (India) Pvt.Ltd. Phone: +91-022-23018261/ 23016761 Email: newissue@purvashare.com Website: https://www.purvashare.com/investor-service/ipo-query |
K. V. Toys India IPO Lead Manager(s)
| 1. GYR Capital Advisors Pvt.Ltd. |
K. V. Toys India IPO FAQ
| What is K. V. Toys India IPO? K. V. Toys India IPO is an SME IPO. The issue is priced at ₹227 – ₹239 per equity share. The IPO is to be listed on BSE SME. |
| When will K. V. Toys India IPO open? The IPO is to open on 08 December 2025 for QIB, NII, and Retail Investors. |
| What is K. V. Toys India IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the K. V. Toys India IPO Size? K. V. Toys India IPO size is ₹40.15 Crore. |
| What are the K. V. Toys India IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1200 Shares for ₹2,86,800, while the maximum bid is 1200 Shares for ₹2,86,800. |
| What is the K. V. Toys India IPO Allotment Date? K. V. Toys India IPO allotment date is 11 December 2025. |
| What is the K. V. Toys India IPO Listing Date? K. V. Toys India IPO listing date is 15 December 2025. The IPO is to be listed on the BSE SME. |
