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InvestmentsIPOK V Toys IPO

K V Toys IPO

SME

Open Date

8 Dec 2025

Close Date

10 Dec 2025

Min Investment

₹ 2,86,800

Lot Size

600

Issue Size

₹ 40.15 Cr

Price Range

₹ 227 - ₹ 239

Subscribed

284.57 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
8 Dec 2025
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IPO Offer Ends
10 Dec 2025
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Allotment Finalisation
11 Dec 2025
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Refund Initialisation
12 Dec 2025
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Non-Institutional Buyers (sHNI)
12 Dec 2025
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Listing of Shares
15 Dec 2025
IPO Subscription Details as on 3 Apr 2026, 03:26 PM
Qualified Instituational Buyers (QiB)
129.73 x
Retail
307.06 x
Total
284.57 x
Non-Institutional Buyer (bHNI)
501.24 x
Non-Institutional Buyer (sHNI)
300.23 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in the business of contract manufacturing and sale of plastic-moulded and metal-based toys for children, covering both educational and recreational segments. Originally incorporated in 2009 as KV Impex, the company initially operated as an importer and trader of toys before transitioning to a contract manufacturing model by engaging OEM partners in alignment with the Government of India's 'Make in India' initiative. The company has expanded its product range from an initial portfolio of 20 SKUs to 700+ active SKUs across multiple categories, marketing several proprietary brands such as Alia & Olivia (doll range), Yes Motors (die-cast car range), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns). The company operates through exclusive partnerships with 11 OEM facilities strategically located across India, with an in-house facility in Kalher, Bhiwandi, Maharashtra spanning approximately 100,000 square feet for final product assembly, quality control processes and central warehousing.
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Founded In

2023

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CEO

Vishal Narang

Financials of K V Toys India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Jan 2025Mar 2025
Operating Revenue0.0062.8680.80
Other Income0.000.010.10
Total Income
0.0062.8780.90
Total Expenses
0.1458.4675.47
Profit Before Tax-0.144.405.43
Total Profit
-0.113.284.05

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company requires additional working capital to fund incremental requirements and unlock internal accruals deployed in working capital. This will support expansion into new verticals and geographies, enable better credit terms, support higher sales, and expand customer base across domestic and global markets.21
The company intends to repay or prepay all or certain of its existing borrowings to reduce debt burden and improve financial position.12
The company will utilize funds for general corporate purposes in accordance with regulatory limits, not exceeding fifteen percent of the amount being raised or ten crores, whichever is less.-
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  • Diverse Product Portfolio Catering to All Age Groups of Children: The company has developed a diverse product portfolio spanning 700+ active SKUs across multiple categories including friction-powered toys, soft bullet guns, ABS toys, pull-back toys, battery-operated toys, die-cast metal vehicles, bubble toys, and dolls, with proprietary brands like Alia & Olivia, Yes Motors, Funny Bubbles, and Thunder Strike.
  • Localized OEM-Based Manufacturing with Quality Compliance: The company operates through exclusive partnerships with 11 OEM facilities across India, investing in proprietary moulds and providing technology know-how while maintaining BIS compliance (IS 9873, IS 15644, IS 16046) ensuring child safety and market acceptance.
  • Strong In-House Design and Packaging Capabilities: The company maintains strong in-house capabilities in product design, mould development, and packaging supported by a team of 50 employees, enabling rapid conceptualization of new SKUs and maintaining quality while reducing turnaround times.
  • Asset-Light Manufacturing Model with Integrated Supply Chain Control: The company operates an asset-light model through OEM partnerships while maintaining control via a 100,000 sq. ft. facility in Kalher, Bhiwandi for final assembly, quality control, and warehousing, reducing capital spending while ensuring quality standards.
  • Superior Quality at Competitive Prices: The company delivers high-quality products through large-scale OEM production and centralized quality checks, achieving cost efficiencies through bulk purchasing and economies of scale while maintaining BIS compliance and competitive pricing in the price-sensitive Indian market.
  • Extensive Pan-India and Multi-Channel Distribution Network: The company has established a wide-reaching distribution network comprising over 2,000 general trade customers, more than 30 modern retail chains, e-commerce platforms, and quick-commerce channels ensuring product accessibility across Tier I, II, and III cities.
  • Recognised In-House Brands with Growing Market Acceptance: The company has created proprietary brands including Alia (dolls), Yes Motors (die-cast cars), Thunder Strike (soft bullet guns), and Funny Bubbles (bubble toys), each positioned with defined strategies for packaging, pricing, and merchandising achieving market recognition and recall.
  • Experienced Management and Empowered Workforce: The company is led by experienced promoters with over 10-15 years of industry expertise - Mr. Karan Narang (sales & market analysis), Mr. Vishal Narang (manufacturing & quality control), Mr. Ayush Jain (strategic initiatives), and Ms. Namita Narang (operations & finance), supported by 50+ employees.
  • Export-Ready Operations and Global Expansion Focus: The company has initiated exports with first shipment delivered to Germany, demonstrating BIS-compliant operations aligned with international safety standards, with scalable OEM-based production capable of handling higher volumes for international market expansion.
  • Aligned with 'Make in India' and Import Substitution Initiatives: The company's operations align with Government of India's 'MAKE IN INDIA' and 'ATMANIRBHAR BHARAT' initiatives, localizing production of PVC animal toys, toy guns, die-cast metal vehicles, and dolls, contributing to import substitution and domestic employment.

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