New Delhi, Dec. 9 -- The initial public offering (IPO) of toys manufacturer K. V. Toys India opened for public subscription on Monday, December 8, and will remain open until Wednesday, December 10. The issue is entirely a fresh issue of nearly 17 crore shares to raise Rs.40.15 crore. The company intends to use the net proceeds from the issue to fund working capital requirements, pay some parts of its borrowings, and for general corporate purposes.

The BSE SME IPO is witnessing healthy buying interest, while the grey market is indicating that the stock could be listed at a premium of over 30%.

Meanwhile, the company said it raised Rs.11.2 crore from anchor investors ahead of the IPO by allotting 4.68 lakh shares to 11 anchor investors at...