Maharashtra, December 09, 2025: K. V. Toys India Limited, engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys for children across both educational and recreational categories, has announced the launch of its Initial Public Offering (IPO) comprising a Fresh Issue of up to 16,80,000 equity shares of face value ₹10 each. The Offer will open for Anchor Investors on December 05, 2025, and for the public on December 08, 2025, closing on December 10, 2025. The equity shares are proposed to be listed on the BSE SME Platform, with a tentative listing date of December 15, 2025. Issue Structure and Details Issue Type: Book Built Issue Total Fresh Issue Size: Up to 16,80,000 Equity Shares aggregating to ₹40.15 crores at the upper price band. Price Band: ₹ 227 – ₹ 239 per equity share Lot Size: 1200 equity shares and in multiples of 600 thereafter Book Running Lead Manager: GYR Capital Advisors Private Limited Registrar to the Offer: Purva Sharegistry (India) Pvt. Ltd. Market Maker: Giriraj Stock Broking Private Limited IPO Allotment & Investor Reservation Anchor Portion – Up to 4,68,000 Equity Shares Net Qualified Institutional Buyers (QIB) – Up to 3,12,600 Equity Shares Non-Institutional Investors (NII) – Not less than 2,39,400 Equity Shares Individual Investors – Not less than 5,59,200 Equity Shares Market Maker – Up to 1,00,800 Equity Shares The basis of allotment is expected to be finalized on December 11, 2025, and the shares are expected to be credited to investors demat accounts shortly thereafter. Utilization of Net Proceeds The Net Proceeds from the Issue are proposed to be used for the following objects: 1. Funding working capital requirements – Up to ₹ 2,091.80 lakhs 2. Repayment/prepayment of all or certain of our borrowings – Up to ₹ 1,169.82lakhs Business Overview K. V. Toys India Limited, incorporated in 2023 and earlier operating as KV Impex (established in 2009), is engaged in the contract manufacturing and sale of plastic-moulded and metal-based toys for children across educational and recreational segments. The Company has evolved into a domestic, brand-owning manufacturer aligned with the Government of India’s Make in India initiative, focusing on expanding indigenous toy manufacturing and reducing reliance on imports. With an emphasis on quality, safety, and product innovation, the Company today offers a diverse portfolio of more than 700 active SKUs across five proprietary brands, including Alia & Olivia (doll range), Yes Motors (die-cast vehicles), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns). Production is carried out through 11 OEM partners located across India, supported by an in-house facility at Kalher, Bhiwandi, Maharashtra, which consists of eight units covering approximately 100,000 square feet. K. V. Toys has built a strong pan-India presence through general trade, modern retail, and e-commerce channels, and has recently taken its first step into international markets with exports to Germany. All products are BIS-certified, reinforcing the Company’s focus on safety, reliability, and customer trust. Key Business Highlights Make in India–Aligned Manufacturing Platform: The Company has scaled into a domestic, brand-owning toy manufacturer aligned with the Government of India’s Make in India initiative. Diversified Multi-Category Portfolio: Offers more than 700 active SKUs across educational and recreational toys, spanning plastic-moulded and metal-based categories. Proprietary Brand Ecosystem: Operates five in-house brands including Alia & Olivia (dolls), Yes Motors (die-cast vehicles), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns). 11 OEM Partners Across India: Manufacturing is executed through a network of 11 contract manufacturing partners, providing scalability, agility, and reduced production risk. Integrated Production & Distribution Hub: Operates an in-house facility at Kalher, Bhiwandi, Maharashtra, comprising eight units spread across approximately 100,000 square feet, supporting assembly, packaging, warehousing, and nationwide distribution. Pan-India Market Reach: Strong multi-channel presence across general trade, modern retail formats, and leading e-commerce marketplaces. International Expansion: Recently commenced exports to Germany, marking the beginning of its international presence. BIS-Certified Product Line: Every product in the portfolio is BIS-certified, ensuring safety, quality, and regulatory compliance. Asset-Light Operating Model: Contract manufacturing combined with centralized assembly supports cost efficiency and rapid scaling of new SKUs. Experienced Leadership Team: The Company is led by its Promoters Mr. Karan Narang, Mr. Vishal Narang, Ms. Namita Narang, Mr. Ayush Jain, and Mr. Kunal Shah, who bring extensive experience across OEM coordination, product development, sourcing, and nationwide distribution. Strong Financial Performance: The KV Group has demonstrated consistent financial growth. Revenue from operations increased from ₹7,395.12 lakhs in FY23 to ₹8,162.82 lakhs in FY24, and further to ₹12,600.99 lakhs in FY25. For the six-month period ended September 30, 2025, the Group reported revenue of ₹8,080.30 lakhs. EBITDA rose from ₹394.89 lakhs in FY23 to ₹517.78 lakhs in FY24, reaching ₹867.99 lakhs in FY25 and ₹609.64 lakhs for the period ended September 30, 2025. PAT improved from ₹201.06 lakhs in FY23 to ₹308.43 lakhs in FY24, stood at ₹564.38 lakhs in FY25, and amounted to ₹405.50 lakhs for the six-month period ended September 30, 2025. This reflects the KV Group’s sustained growth and strengthening profitability. Disclaimer K. V. Toys India Limited is proposing, subject to applicable approvals and market conditions, to make an initial public offering of its equity shares and has filed a Red Herring Prospectus (“RHP”) dated December 01, 2025 with BSE SME. The DRHP is available on the websites BSE SME (www.bseindia.com), GYR Capital Advisors Private Limited (www.gyrcapitaladvisors.com), and K. V. Toys India Limited (www.kvtoys.com). Investors should read the DRHP carefully, including the section on “Risk Factors,” before investing. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI