Big Institutions Bet on KV Toys: IPO Opens Today After Strong Anchor Participation includes 360 One, HDFC, Nine alps

IPOs/">KV Toys India Limited, a rapidly expanding domestic toy manufacturer, has launched its Rs 40.15 crore Initial Public Offering (IPO) today, following a strong anchor book that saw participation from leading institutional investors on December 5. The company, known for its plastic-moulded and metal-based toys, is offering a Book Built Issue comprising up to 16,80,000 equity shares with a price band of Rs 227 to Rs 239 per share.

Ahead of the public subscription, the company allocated 4,68,000 equity shares to anchor investors at the upper price of Rs 239 per share. Major participants included 360 One LVF Treasury Solutions Fund, HDFC Bank Limited, Meru Investment Fund PCC–Cell I, Winro Commercial (India) Limited and Nine Alps (Royal Alpha Opportunity Fund). Royal Alpha Opportunity Fund emerged as the largest anchor participant, securing 10.26 per cent of the allocation. The entire anchor portion was fully subscribed.

The IPO opened today, December 08, 2025, and will remain open until December 10, 2025. KV Toys’ equity shares are proposed to list on the BSE SME platform, with a tentative listing date of December 15, 2025. The basis of allotment is expected to be finalised on December 11. The minimum lot size for retail investors is 1200 shares.

KV Toys plans to deploy the net proceeds from the issue toward working capital requirements amounting to up to Rs 2,091.80 lakhs and repayment or prepayment of certain borrowings of up to Rs 1,169.82 lakhs. The company aims to strengthen operations and accelerate growth in line with its domestic manufacturing strategy.

Founded in 2023, following earlier operations under KV Impex since 2009, KV Toys focuses on indigenous toy production aligned with India’s ‘Make in India’ initiative. With over 700 active SKUs across brands such as Alia & Olivia, Yes Motors, Funny Bubbles and Thunder Strike, all BIS-certified, the company has built a robust presence across general trade, modern retail and e-commerce channels. KV Toys operates through an asset-light model with 11 OEM partners, supported by an in-house assembly and distribution facility spanning 100,000 sq ft in Bhiwandi, Maharashtra. The company recently began exports with shipments to Germany.

Financially, KV Toys has recorded strong momentum. Revenue increased from Rs 8,162.82 lakhs in FY24 to Rs 12,600.99 lakhs in FY25, while the six-month period ending September 30, 2025, reported revenue of Rs 8,080.30 lakhs. Profit after Tax rose significantly to Rs 564.38 lakhs in FY25, reflecting operational scalability and demand-led growth.

Disclaimer: The article is for informational purposes only and not investment advice.