K. V. Toys India Ltd IPO
Status:
Overview
IPO date
08 Dec 2025 to 10 Dec 2025
Face value
₹ 10 per share
Price
₹ 227 to ₹239 per share
Issue Size
1,680,000 shares
(aggregating up to ₹ 40.15 Cr)
(aggregating up to ₹ 40.15 Cr)
Allotment Date
11 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Unlock Stock of the Month
T&C*
Strengths vs Risks of K. V. Toys India Ltd
Know the pros & cons
Strengths
- Experienced Promoters having deep domain knowledge to scale up the business.
- Management team with an established track record.
- Efficient operational team.
- Brand Recognition & Market Position.
- Understanding of Consumer Preferences.
Risks
- The company has been recently incorporated and has taken-over the running business of M/s KV Impex (Proprietorship) of one of its Promoter Ms. Namita Narang, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate the company historical performance or future prospects.
- Manufacturing facilities are not owned by the Company as all manufacturing processes are carried out through an exclusive contractual manufacturing partners.
- Inability to measure capacity utilisation due to Exclusive Contract Manufacturing Model.
- The company business is subject to changing consumer preferences and spending patterns, and any inability of its customers to respond effectively to such changes may adversely affect the company operations and financial performance.
- The company derives its revenue from sale of various categories of products. An inability to anticipate and adapt to evolving consumer preferences and demand for particular products, or ensure product quality may adversely impact demand for the company's products and consequently its business, results of operations, financial condition and cash flows.
- Limited availability of comparable listed peers in the toy industry may impact investor assessment of the company performance and prospects.
- Non-adoption of Provident Fund and ESIC provisions by the erstwhile proprietorship concern and potential exposure, if any, therefrom.
- The company is dependent on moulds in its toy manufacturing process and any issues related to their handling, storage, or maintenance could impact the company business.
- Any delay, interruption or reduction in the supply of raw materials required to get the company products manufactured through contract manufacturing, including labelling and packaging inhouse may adversely affect its business, results of operations, cash flows and financial condition.
- Dependence on Revenue from a specific geographical region majorly Maharashtra, may adversely affect its business and financial performance.
- The company registered office has been taken on lease basis. If the company is unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business.
- The Company had negative cash flows during certain fiscal years in relation to its operating activities. Sustained negative cash flows in the future would adversely affect the company results of operations and financial condition.
- Technological Advancement may affect its business operations, financial performance and market presence.
- The company is subject to strict design & quality requirements, customer inspections and audits and any failures to comply with design & quality standards may lead to cancellation of existing and future orders and could impact the company reputation and its business and results of operations and future prospects.
- Inventories and trade receivables form a major part of the company current assets. Failures to manage its inventory and trade receivables could has an adverse effect on the company sales, profitability, cash flow and liquidity.
- The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the company reputation, business and financial status.
- The Company proposes to utilize part of the Net Proceeds for repayment or pre-payment, in full or in part, of all or certain secured borrowings availed by the Company and accordingly, the utilization of that portion of the Net Proceeds will not result in creation of any tangible assets.
- The Company has delayed in compliances with some statutory provisions of the Companies Act and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.
- Loans availed by the Company has been secured on personal guarantees of its directors. The company business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of revocation of any personal guarantees provided by the company directors.
- The company may not be able to adequately protect its intellectual property, which may result in the inability to prevent the company competitors from developing, using or commercializing products that are functionally equivalent or similar to its products.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates the company business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- The launch of new products that prove to be unsuccessful could affect the company growth plans, which could moderately affect its business.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- Significant influence of its Promoters may affect independent decision-making and minority shareholder interests.
- The success of its business depends substantially on the company management team and operational workforce. its inability to retain them or hire new could adversely affect its businesses.
- The company insurance coverage may not be adequate to protect it against all potential losses to which we may be subject and this may has an adverse effect on its business and financial condition.
- The Company has entered in to exporting "Made in India" toys in the year 2024 and significant percentage of revenue could be derived from export in future. Certain factors associated to international market could its business, financial condition, cash flows and results of operations.
- The orders placed by customers may be delayed, modified or cancelled, which may has an adverse effect on its business.
- Any delay in making payment to vendors may adversely affect the company operations and profitability.
- Sustainability and Environmental Concerns may affect its business and financial conditions.
- Intense competition and market pressure may leads to reduced profit margins and increased marketing expenses may impact the company financial condition.
- Reliance on third-party logistics service providers may impact its supply chain and operational efficiency.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company has not entered into any arrangements for alternate source of raising the funds required for its "Objects of the Issue". Any shortfall in raising/meeting the same could adversely affect the company growth plans, operations and financial performance.
- The company ability to pay any dividends will depends upon future earnings, financial condition, cash flows and working capital requirements.
- The average cost of acquisition of Equity Shares by the company Promoters may be lower than the Issue price of the Equity Share in the proposed IPO.
K. V. Toys India Ltd Peer Comparison
Understand the company’s industry standing
Ok Play India Limited
K. V. Toys India Ltd
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
175.06
85.6
EPS-Basis
0.02
9.91
EPS-Diluted
0.02
9.91
NAV Per Share
4.43
19.68
P/E-Basic EPS
---
---
P/E-Diluted EPS
---
---
RONW(%)
-0.52
50.36
Latest NAV Period
---
---
Latest NAV
---
---
How to check the allotment status of K. V. Toys India Ltd IPO?
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Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
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The IPO opens on 08 Dec 2025 & closes on 10 Dec 2025.
K. V. Toys India Limited was incorporated as Limited Company vide certificate of incorporation dated April 04, 2023, issued by the Registrar of Companies, Central Registration Centre. The Company took over the business of proprietorship concern of promoter, Ms. Namita Narang, namely M/s. 'KV Impex' via business transfer agreement dated February 12, 2025 as going concern with effect from January 31, 2025.
Company is engaged in the business of contract manufacturing and sale of plasticmoulded and metal-based toys for children, covering both educational and recreational segments. The diversified product portfolio includes friction-powered toys, soft bullet guns, ABS (Acrylonitrile Butadiene Styrene) toys, pull-back toys, battery-operated and electronic toys, press-and-go toys, die-cast metal vehicles, bubble toys, dolls, and other play-based products. The Company market 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), each catering to specific segments of the children's toy market.
Initially, KV Impex operated as an importer and trader of toys. In recognizing the growing demand for domestically produced quality toys, IT transitioned to a contract manufacturing model by engaging OEM partners. Company commenced operations with an initial portfolio of 20 SKUs and have since expanded product range to 700+ active SKUs across multiple categories, catering to children of varying age groups. The Company has established a wide-reaching multi-channel distribution network comprising over 2,000 general trade customers and more
than 30 modern retail chains. Final product assembly and quality control are conducted at Kalher, Bhiwandi, Maharashtra.
The Company came up with IPO by issuing 16,80,000 equity shares having the face value of Rs 10 each and raised the proceeds of Rs 40.15 crore, through fresh issue on December 10, 2025.
During FY26, the Company strengthened its international presence by initiating exports with its first commercial shipment to Germany.
K. V. Toys India Ltd IPO will close on 10 Dec 2025.
- Experienced Promoters having deep domain knowledge to scale up the business.
- Management team with an established track record.
- Efficient operational team.
- Brand Recognition & Market Position.
- Understanding of Consumer Preferences.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Karan Narang | 1235000 | 26.85 | 1235000 | 19.67 |
| 2 | Vishal Narang | 690000 | 15 | 690000 | 10.99 |
| 3 | Namita Narang | 605000 | 13.15 | 605000 | 9.63 |
| 4 | Ayush Jain | 340750 | 7.41 | 340750 | 5.43 |
| 5 | Yash Jain | 340750 | 7.41 | 340750 | 5.43 |
| 6 | Tanu Jain | 225750 | 4.91 | 225750 | 3.59 |
| 7 | Neetu Jain | 226650 | 4.93 | 226650 | 3.61 |
- The company has been recently incorporated and has taken-over the running business of M/s KV Impex (Proprietorship) of one of its Promoter Ms. Namita Narang, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate the company historical performance or future prospects.
- Manufacturing facilities are not owned by the Company as all manufacturing processes are carried out through an exclusive contractual manufacturing partners.
- Inability to measure capacity utilisation due to Exclusive Contract Manufacturing Model.
- The company business is subject to changing consumer preferences and spending patterns, and any inability of its customers to respond effectively to such changes may adversely affect the company operations and financial performance.
- The company derives its revenue from sale of various categories of products. An inability to anticipate and adapt to evolving consumer preferences and demand for particular products, or ensure product quality may adversely impact demand for the company's products and consequently its business, results of operations, financial condition and cash flows.
- Limited availability of comparable listed peers in the toy industry may impact investor assessment of the company performance and prospects.
- Non-adoption of Provident Fund and ESIC provisions by the erstwhile proprietorship concern and potential exposure, if any, therefrom.
- The company is dependent on moulds in its toy manufacturing process and any issues related to their handling, storage, or maintenance could impact the company business.
- Any delay, interruption or reduction in the supply of raw materials required to get the company products manufactured through contract manufacturing, including labelling and packaging inhouse may adversely affect its business, results of operations, cash flows and financial condition.
- Dependence on Revenue from a specific geographical region majorly Maharashtra, may adversely affect its business and financial performance.
- The company registered office has been taken on lease basis. If the company is unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business.
- The Company had negative cash flows during certain fiscal years in relation to its operating activities. Sustained negative cash flows in the future would adversely affect the company results of operations and financial condition.
- Technological Advancement may affect its business operations, financial performance and market presence.
- The company is subject to strict design & quality requirements, customer inspections and audits and any failures to comply with design & quality standards may lead to cancellation of existing and future orders and could impact the company reputation and its business and results of operations and future prospects.
- Inventories and trade receivables form a major part of the company current assets. Failures to manage its inventory and trade receivables could has an adverse effect on the company sales, profitability, cash flow and liquidity.
- The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the company reputation, business and financial status.
- The Company proposes to utilize part of the Net Proceeds for repayment or pre-payment, in full or in part, of all or certain secured borrowings availed by the Company and accordingly, the utilization of that portion of the Net Proceeds will not result in creation of any tangible assets.
- The Company has delayed in compliances with some statutory provisions of the Companies Act and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.
- Loans availed by the Company has been secured on personal guarantees of its directors. The company business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of revocation of any personal guarantees provided by the company directors.
- The company may not be able to adequately protect its intellectual property, which may result in the inability to prevent the company competitors from developing, using or commercializing products that are functionally equivalent or similar to its products.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates the company business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- The launch of new products that prove to be unsuccessful could affect the company growth plans, which could moderately affect its business.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- Significant influence of its Promoters may affect independent decision-making and minority shareholder interests.
- The success of its business depends substantially on the company management team and operational workforce. its inability to retain them or hire new could adversely affect its businesses.
- The company insurance coverage may not be adequate to protect it against all potential losses to which we may be subject and this may has an adverse effect on its business and financial condition.
- The Company has entered in to exporting "Made in India" toys in the year 2024 and significant percentage of revenue could be derived from export in future. Certain factors associated to international market could its business, financial condition, cash flows and results of operations.
- The orders placed by customers may be delayed, modified or cancelled, which may has an adverse effect on its business.
- Any delay in making payment to vendors may adversely affect the company operations and profitability.
- Sustainability and Environmental Concerns may affect its business and financial conditions.
- Intense competition and market pressure may leads to reduced profit margins and increased marketing expenses may impact the company financial condition.
- Reliance on third-party logistics service providers may impact its supply chain and operational efficiency.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company has not entered into any arrangements for alternate source of raising the funds required for its "Objects of the Issue". Any shortfall in raising/meeting the same could adversely affect the company growth plans, operations and financial performance.
- The company ability to pay any dividends will depends upon future earnings, financial condition, cash flows and working capital requirements.
- The average cost of acquisition of Equity Shares by the company Promoters may be lower than the Issue price of the Equity Share in the proposed IPO.
The Issue type of K. V. Toys India Ltd is Book Building - SME.
The minimum application for shares of K. V. Toys India Ltd is 1200.
The total shares issue of K. V. Toys India Ltd is 1680000.
Initial public issue of up to 16,80,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of K. V. Toys India
Limited (the "Company" or "K. V. Toys India" or "K. V. Toys" or "KVTIL" "Issuer") at an issue price of Rs. 239 per equity
share (Including a Share Premium of Rs. 229 Per Equity Share) for cash, aggregating up to Rs. 40.15 Crore (Public Issue")
out of which up to 1,00,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 239 per equity share for
cash, aggregating Rs. 2.41 Crore will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of up to 15,79,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 239 per equity share for cash, aggregating up to Rs. 37.74 Crore is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.75% and 25.15% respectively of the post- issue paid-up equity share capital of the company.