K. V. Toys India IPO
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K. V. Toys India IPO details
Schedule of K. V. Toys India
| Issue open date | 08 Dec 2025 |
| Issue close date | 10 Dec 2025 |
| UPI mandate deadline | 10 Dec 2025 (5 PM) |
| Allotment finalization | 11 Dec 2025 |
| Refund initiation | 12 Dec 2025 |
| Share credit | 12 Dec 2025 |
| Listing date | 15 Dec 2025 |
| Mandate end date | 25 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 10 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 11 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About K. V. Toys India
K. V. Toys India Limited, incorporated on April 4, 2023, is a fast-growing toy manufacturer that has strengthened its foundation by taking over the long-established KV Impex business in 2025. The company is promoted by Karan Narang, Vishal Narang, Namita Narang, Ayush Jain, and Yash Jain, who bring strong industry and operational experience. KV Toys is engaged in designing, developing, and manufacturing a wide range of plastic-moulded and metal-based toys, including friction toys, ABS toys, battery-operated toys, dolls, bubble toys, and die-cast vehicles. It markets several proprietary brands and follows a B2B and OEM-driven business model supported by a robust supplier network and BIS-compliant processes. Leveraging the legacy of KV Impex, the company has built a diversified product portfolio, reliable sourcing capabilities, and consistent quality standards. KV Toys is also expanding into exports and aligning with Make in India through increased domestic production and import substitution.
Financials of K. V. Toys India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 40.15 |
| Fresh Issue – Proceeds go to the company | 40.15 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital Requirements | 20.92 (52.10%) |
| Repayment/prepayment of borrowings | 11.7 (29.15%) |
| General corporate purpose | 7.53 (18.75%) |
Strengths
- Strong legacy through the takeover of long-established KV Impex.
- Wide and diversified toy portfolio across multiple categories.
- BIS-compliant manufacturing with centralised quality control.
- Established promoter experience and strong supplier network.
- Growing export readiness with initial shipments to global markets.
Risks
- High working capital requirements due to the scale of operations.
- Dependence on promoter and related-party loans for funding.
- Exposure to raw material price fluctuations and import dependence.
- Intense competition in a fragmented and unorganised toy market.
- Business integration risks following the takeover of KV Impex.
Allotment Status for K. V. Toys India
To check your IPO allotment status:
- Visit the Purva Sharegistry India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for K. V. Toys India
As per media reports (Link), the Grey Market Premium (GMP) of K. V. Toys India is reported at ₹105 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 10, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.13 | 604.10 | 193.25x |
| NII | 3.40 | 1210.42 | 355.80x |
| Retail | 5.59 | 2104.87 | 376.41x |
| Total | 12.12 | 3919.40 | 323.38x |