KV Toys India IPO subscribed 292.09 times so far on Day 3: Check allotment date and steps

KV Toys India IPO: The initial public offering of KV Toys India, which is engaged in contract manufacturing and sale of plastic-moulded and metal-based toys for children, has been subscribed 292.09 times so far on Wednesday, the final day of bidding.

It has received bids for 35,40,10,200 shares as against 12,12,000 shares on offer, as per the BSE data until 3:34 pm. The portion for non-institutional investors, or NIIs, was subscribed 338.82 times, while the quota for individual investors received 342.94 times subscription. The qualified institutional buyers' (QIBs) part was subscribed 174.30 times.

The ₹40.15 crore initial share sale is only a fresh issuance of 16,80,000 equity shares. The money generated will be utilised for working capital requirements, repayment of certain borrowings and general corporate needs.

The company has set a price band of ₹227 to ₹239 per share. A lot consists of 600 shares. The minimum investment for an individual investor is 1,200 shares.

The company's diversified product portfolio includes friction-powered toys, ABS (Acrylonitrile Butadiene Styrene) toys, soft bullet guns, pull-back toys, battery-operated and electronic toys, press-and-go toys, die-cast metal vehicles, dolls, bubble toys, and other play-based products.

The company markets several proprietary brands, such as Yes Motors (die-cast car range), Alia & Olivia (doll range), Funny Bubbles (bubble toys), and Thunder Strike (soft bullet guns).

KV Toys India IPO: Allotment and listing date

The basis of allotment of KV Toys India is likely to be finalised on Thursday, December 10. Listing on the BSE SME platform will occur on Monday, December 15.

How to check KV Toys India IPO allotment status online on BSE

• Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
• Keep 'equity' as the issue type
• From the ‘Issue Name’ section, select ‘KV Toys India Ltd’
• Add PAN details or IPO application number
• Press the 'Search' button

KV Toys India IPO allotment status online on Purva Sharegistry India

• Visit the registrar Purva Sharegistry's website: https://www.purvashare.com/investor-service/ipo-query
• Choose ‘KV Toys India’ from the company list
• Enter your PAN card details or application number
• Click on Search

KV Toys India IPO GMP

According to investorgain.com and media reports, unlisted shares of KV Toys India are trading at ₹344 per share, reflecting a grey market premium (GMP) of 43.93% over the upper price band of ₹239.