
K. V. Toys India Limited, incorporated in 2023, is engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys. The company took over the business of M/s KV Impex, a proprietorship established in 2009. It operates an asset-light model, partnering with 11 OEM manufacturers and managing final assembly, quality control, and warehousing at its Bhiwandi facility. K. V. Toys India markets a diverse portfolio of over 700 SKUs under proprietary brands like 'Alia & Olivia', 'Yes Motors', and 'Thunder Strike', distributing products across India and recently expanding into exports to Germany.
Dec 08, 2025
Dec 10, 2025
Dec 15, 2025
SME
Closed
40.15 Cr
40.15 Cr
0 Cr
₹227 - ₹239
600
Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
To fund the working capital requirements of the company, which are necessary to support increased sales, offer better credit terms, and facilitate expansion into new product verticals and geographies, including exports.
To repay or prepay, in full or part, certain borrowings availed by the company, which will help reduce debt service obligations and improve the debt-equity ratio.
To allocate funds for general corporate purposes, which may include strategic initiatives, brand building, meeting unforeseen contingencies, and other operational needs not covered by other objectives.
23.94
9.98
30.9%
47.89%
30.9%
—
16.21%
7.54%
3.99
A diverse product portfolio with over 700 active SKUs and established proprietary brands catering to various age groups.
An asset-light manufacturing model using 11 exclusive OEM partners, which provides scalability and operational flexibility.
Strong in-house capabilities for product design, mould development, and packaging, ensuring brand consistency and quality control.
Localized manufacturing strategy that reduces import dependency and ensures compliance with BIS quality standards.
Limited operating history as an incorporated company, which may make future performance difficult to evaluate.
Complete dependency on third-party contractual manufacturing partners for all production processes.
An unascertained liability related to non-compliance with PF and ESIC provisions in the erstwhile proprietorship.
Inability to accurately measure capacity utilization due to the exclusive contract manufacturing model.
Significant growth potential in the Indian toy market, which is projected to grow at a 10% CAGR until 2033.
Supportive government initiatives like 'Make in India' and increased import duties that favor domestic manufacturers.
Growing global 'kidult' trend, where adults purchase toys, opening a new and expanding market segment.
Expansion into international markets, building on the initial success of exports to Germany.
Business is subject to changing consumer preferences, spending patterns, and seasonal demand fluctuations.
High competition from the large unorganized sector which dominates approximately 90% of the Indian toy market.
Potential adverse effects from changes in government regulations, tax laws, and trade policies.
General economic and political conditions in India could negatively impact business activities and investments.