Robokidz Eduventures IPO
Robokidz Eduventures Limitedrobokidz.co.in
- Price band
- ₹100 – ₹106
- Issue size
- ₹31.09 Cr
- Lot size
- 1200 sh
- Bidding
- 21 – 23 Sep
- Grey market
- —
Face value ₹10.00
100% fresh capital
Lists 28 Sep 2026
No quote recorded
Market data to 30 Oct 2026. Company figures are as filed, sourced 16 Oct 2026. Every figure’s origin is listed under Sources.
The question this issue poses
In one sentence
Robokidz Eduventures builds and equips robotics, AI and STEM laboratories inside schools; the record describes laboratory setup projects as Rs 72.02 Cr, or 77.25%, of FY26 revenue from operations of Rs 93.22 Cr, with subscription services at Rs 11.93 Cr (12.80%) and other educational services at Rs 9.28 Cr. Revenue was Rs 38.17 Cr in FY24, Rs 58.75 Cr in FY25 (up 53.92%) and Rs 93.22 Cr in FY26 (up 58.67%); profit after tax over the same three years was Rs 2.42 Cr, Rs 4.98 Cr and Rs 10.06 Cr. The Rs 31.09 Cr issue was entirely fresh capital, priced at Rs 100-106, and was subscribed 833.56 times overall on day three of bidding. It listed on BSE SME at Rs 201.40 against a band top of Rs 106, closed day one at Rs 211.45, and last traded at Rs 127.10 on 23 October 2026.
IPOVista score
How this issue scores, and why
Every pillar opens to show the raw metric, the curve it was mapped through, the sub-score and its weight. Disagree with the weighting if you like — the arithmetic is all here.
IPOVista score
Broadly well-balanced
63% of the scoring model was backed by disclosed data for Robokidz Eduventures, giving medium confidence. Weights for anything missing were redistributed rather than scored as zero.
How this score is builtBelow the line: market sentiment. Capped at 8 of 100 points so a hot grey market can tilt a score but never carry one.
Read this before the number
SME platform listing
SME issues trade in larger lot sizes with thinner volumes than mainboard listings, which makes exiting a position harder.
The IPOVista Score is a transparent summary of disclosed fundamentals and issue terms. It is research, not investment advice, and it cannot predict listing performance.
The company
What the business actually does
Founded 2014 · Mundhwa, Pune, Maharashtra · 24 employees
Robokidz Eduventures builds and equips robotics, AI and STEM laboratories inside schools. A typical engagement is a laboratory setup project: the company designs the lab, supplies robotics, electronics and microcontroller kits — Autobotix, Mechbotix, Grabot, AIoT, Paper Circuits and Renewable Energy kits among them — installs and commissions the room, then trains teachers and supplies curriculum. Much of this work is won through government tenders, including Atal Tinkering Labs under NITI Aayog's Atal Innovation Mission, alongside private schools and CSR-funded projects. A second line sells subscription learning programmes under the Young Engineers Garage brand, plus workshops, boot camps, summer camps and manpower deployment. A wholly owned subsidiary, Robokidz Retails, franchises Young Engineers Academy activity centres. The company is based in Mundhwa, Pune, and had 24 on-roll employees at 31 March 2026.
Revenue is two-tier. Laboratory setup projects — hardware, installation and training invoiced against project milestones — brought Rs 72.02 Cr, or 77.25% of FY26 revenue from operations of Rs 93.22 Cr. Subscription services added Rs 11.93 Cr (12.80%) and other educational services Rs 9.28 Cr. Cost is mostly bought-in components and kits assembled against each project's bill of materials; employee benefit expense was just Rs 1.84 Cr in FY26 across 24 staff. The structural constraint is working capital and concentration: tender-driven work ties up receivables and inventory, total borrowings reached Rs 29.80 Cr against net worth of Rs 20.67 Cr, the top ten customers were 77.99% of FY26 revenue, and Maharashtra alone was 53.04%.
The company on paper
- Legal name
- Robokidz Eduventures Limited
- IncorporatedThe legal entity is often incorporated years before the brand you know, and may have traded under another name first
- 23 Dec 2014
- CINCorporate Identity Number — the unambiguous handle for looking this company up at the MCA
- U74900PN2014PLC153530
- Sector
- Consumer Discretionary · Robotics, AI and STEM laboratory setup and subscription learning programmes for K-12 schools
- Employees
- 24
- Registered office
- Mundhwa, Pune, Maharashtra
- Promoters
- Sagar Lalit Sanghvi
- Promoter holding, pre-issue
- 72.3%
- Promoter holding, post-issue
- 52.8%
- Website
- robokidz.co.in
The numbers
Financial performance
Revenue has compounded at 56.3% a year across the 3 reported financial years.
Revenue and profit
Figures in ₹ crore, as reported in the prospectus. Interim quarters are not annualised.
- Revenue
- Profit after tax
Margin trend
Profit and operating margin as a percentage of revenue
- Net margin
- EBITDA margin
Net worth and borrowings
At each period end, in ₹ crore. Gearing below each period is borrowings over net worth, from these same figures.
- Net worth
- Total borrowings
The price
Valuation
What the issue asks for the business, set against what the business earns.
No valuation ratios are recorded for this issue. The price band and the reported financials above are what this record holds.
The terms
How the issue is structured
100% of the money raised is fresh capital that goes to the company; the rest goes to shareholders selling down.
- Fresh issueNew shares — proceeds go to the company
- ₹31.09 Cr
- Offer for saleExisting shares — proceeds go to the selling shareholders
- ₹0
- Total issue size
- ₹31.09 Cr
- Shares offered in the OFS
- —
- Pre-issue shares outstanding
- —
- Employee discount
- —
- Market maker portionSME issues require a market maker to provide two-way quotes
- 1,62,000
What the issue does to ownership
Share of paid-up equity before and after the offer. The promoters give up 19.5% of the company.
- Promoters
- Everyone else
Hover or focus a segment to see who it is. The two bars are the same company, measured before and after the offer.
Percentages are of paid-up equity, and the “after” column assumes the offer is fully subscribed, which is how the offer document states it. This record does not disclose a pre- and post-issue share count, so the part of the company actually changing hands is not split out — everyone who is not a promoter is shown together.
Demand
What the market is bidding
Subscription is hard exchange data. Grey-market premium is not — it is an unofficial quote, shown because readers want it and labelled because it deserves the label.
Subscription by category
Cumulative bid multiples at the end of day 3. Anchor allocations are excluded.
Hover or focus a category to see who bids in it.
A category subscribed above 1× is oversubscribed; allotment in that category then runs as a lottery or on a proportionate basis.
Grey market premium
Unofficial over-the-counter sentiment
No grey-market quotes have been recorded for this issue.
Outcome
How it actually listed
- Issue price
- ₹106.00
- Listed at
- ₹201.40
- Listing gain
- up 90.0%
- Since listing
- down 30.5%
- Against the issue price
- up 32.0%
Trading at ₹139.95 on 30 Oct 2026
What an allotment is worth now, before costs
Work it out
What this means for one application
Three calculations, each stating the assumption it rests on.
What one application costs
Shares are applied for in whole lots at the cut-off price. The full amount is blocked in your bank account under ASBA, not debited, until allotment.
- Shares applied for
- 2,400
- At cut-off price
- ₹106.00
- Amount blocked
- ₹2,54,400
One lot is 1200 shares at ₹1,27,200. This issue requires a minimum of 2 lots, so the smallest application is ₹2,54,400. That is how the SME board is built rather than a quirk of this issue: the minimum application is set above the ₹2,00,000 that caps a retail bid on the mainboard — two lots rather than one. The smallest bid here still sits in the individual investors’ category, the one the subscription figures call retail, and when that category is oversubscribed the minimum application is allotted by draw of lots — so the odds beside this apply directly.
Odds of getting an allotment
When the retail category is oversubscribed, SEBI requires a lottery for the minimum lot. Every application has the same chance, whatever its size.
~0.1%
chance of one lot, per application
- Retail subscription
- 807.12×
- Applicants per share available
- 807.1× the retail quota
This is an estimate of a lottery, not a prediction. Actual odds depend on the final basis of allotment, how many applications were at the minimum lot, and rejections for technical reasons. Applying from multiple distinct PANs is the only legitimate way to hold more tickets in that lottery.
What it actually did
This issue has listed, so there is a real number instead of a prediction. The grey-market premium is shown beside it for comparison.
₹201.40
listed at, 90.0% against the issue price
- Issue price
- ₹106.00
- Premium said
- —
- If allotted 1200 shares
- ₹1,14,480
Listing-day figures are as reported by the exchanges.
Our read
The case for and against
Grounded only in figures disclosed in the prospectus. This is analysis, not a recommendation.
What works
- Revenue grew in both years the record carries: from Rs 38.17 Cr in FY24 to Rs 58.75 Cr in FY25, a rise of 53.92%, and to Rs 93.22 Cr in FY26, a rise of 58.67%. Profit after tax rose 105.79% (Rs 2.42 Cr to Rs 4.98 Cr) and then 102.01% (Rs 4.98 Cr to Rs 10.06 Cr) over the same two steps.
- EBITDA was Rs 4.89 Cr on revenue of Rs 38.17 Cr in FY24, a margin of 12.81%; the margin reads 15.32% in FY25 (Rs 9.00 Cr on Rs 58.75 Cr) and 17.87% in FY26 (Rs 16.66 Cr on Rs 93.22 Cr). The PAT margin reads 6.34%, 8.48% and 10.79% across the same three years.
- Net worth was Rs 4.38 Cr in FY24, Rs 10.61 Cr in FY25 and Rs 20.67 Cr in FY26, a multiple of 4.72 times across the three years on record. Total borrowings stood at 3.26 times net worth in FY24 (Rs 14.29 Cr on Rs 4.38 Cr), 1.45 times in FY25 (Rs 15.34 Cr on Rs 10.61 Cr) and 1.44 times in FY26 (Rs 29.80 Cr on Rs 20.67 Cr).
- The offer carried no offer-for-sale component: the Rs 31.09 Cr total size is entirely fresh issue, with the OFS field at nil. Promoter holding goes from 72.33% pre-issue to 52.80% post-issue, a reduction of 19.53 percentage points.
What to weigh against it
- The record states that the top ten customers accounted for 77.99% of FY26 revenue and that Maharashtra alone accounted for 53.04%; it also describes much of the laboratory work as won through government tenders, including Atal Tinkering Labs under NITI Aayog's Atal Innovation Mission.
- Total borrowings rose in both years the record carries: Rs 14.29 Cr in FY24, Rs 15.34 Cr in FY25 (up 7.35%) and Rs 29.80 Cr in FY26 (up 94.26%). FY26 borrowings of Rs 29.80 Cr sit against net worth of Rs 20.67 Cr and against the fresh issue size of Rs 31.09 Cr.
- At Rs 127.10 on 23 October 2026 the price is 36.89% below the Rs 201.40 listing price and 39.89% below the Rs 211.45 day-one close, while standing 19.91% above the Rs 106 band top. The listing price itself was 90% above that band top.
- Revenue of Rs 93.22 Cr in FY26 was carried by 24 on-roll employees at 31 March 2026, Rs 3.88 Cr per employee, with employee benefit expense of Rs 1.84 Cr, equal to 1.97% of revenue. The record notes the cost base is mostly bought-in components and kits assembled against each project's bill of materials.
Easy to miss in the prospectus
- The FY26 revenue split against which later periods can be read: laboratory setup Rs 72.02 Cr (77.25%), subscription services Rs 11.93 Cr (12.80%) and other educational services Rs 9.28 Cr, on revenue from operations of Rs 93.22 Cr.
- Leverage as this record reports it: borrowings of Rs 29.80 Cr against net worth of Rs 20.67 Cr at 31 March 2026, a ratio of 1.44 times, down from 3.26 times in FY24.
- This archive record carries no cash flow from operations, total assets, expense lines, valuation, offer objects, peer set, allocation split or anchor book for any period, so working capital and pricing cannot be read from it directly; the subscription table holds a single day-three row (QIB 306.73x, NII 1593x, retail 807.12x, total 833.56x).
Straight from the filing
Read it yourself
Every figure on this page comes out of these. Go and check them.
Served by the issuer, the exchange or the regulator — never a copy hosted here, so what you open is the filing itself.
The paperwork
Who is running the issue
- Lead managers
- GYR Capital Advisors Private Limited
- RegistrarAllotment status is checked on the registrar's own site
- Maashitla Securities Private Limited
How these figures were checked
Reconciled to Robokidz Eduventures's own prospectus and to exchange disclosures, then cross-checked against 5 other independently published compilations of the same filing. Where a stated ratio disagreed with the line items it should come from, the disagreement was settled against the prospectus itself.
- Prospectus dated September 24, 2026 (final, filed by BRLM GYR Capital Advisors) · read 16 Oct 2026
- BSE Equity Bhavcopy 28-Sep-2026 (listing day OHLC, ISIN, series MT) · read 16 Oct 2026
- BSE Equity Bhavcopy 14-Oct-2026 (ISIN INE1W8R01018, scrip 544940, ticker ROBOKIDZ, series M, board lot 1200) · read 16 Oct 2026
The prospectus is the authoritative document. Check anything that matters against it before you act.
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