Shares of KV Toys India made a strong debut on the BSE SME platform, listing at Rs 320 per share, a 34 percent premium over its IPO price of Rs 239.

The positive opening gave investors healthy listing gains. However, the stock soon saw some profit-booking and slipped to around Rs 304 in early trade.

At this price, the company’s market capitalisation stood at about Rs 191 crore. While the debut was encouraging, the listing gain was lower than grey market expectations ahead of the IPO.