Rs 115-crore Robokidz Eduventures attracts over Rs 17,000 crore in bids; IPO subscribed 769 times

According to fresh market updates, Robokidz Eduventures, which offers technology-enabled learning and skill development solutions for K-12 students in robotics, AI, coding, electronics and STEM, attracted firm demand for its initial public offering (IPO), with the offering closing at 769.48 times subscription on September 23.

The firm received bids for 161.96 crore equity shares during the three-day bidding period, against an offering size of 21.04 lakh shares through 4.12 lakh applications.

Total bids amounted to Rs 17,168 crore, significantly exceeding the firm’s potential market capitalisation of Rs 115 crore at the upper end of the price range of Rs 100-106 per share.

Demand was firm across all investor categories, led by non-institutional market participants (NIIs), who subscribed to 1,148.03 times their allotted quota. The portions reserved for retail market participants and qualified institutional buyers (QIBs) were subscribed 807.12 times and 306.73 times, respectively.

Pune-based Robokidz Eduventures, promoted by Sagar Lalit Sanghvi, is raising Rs 31.09 crore via the IPO of 29.32 lakh shares.

Of this, Rs 8.77 crore was boosted earlier from three anchor market participants — Nine Alps Trust, Vira AIF Trust and Vikasa India.

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The firm plans to use Rs 23.45 crore of the net proceeds for working capital requirements, Rs 2.2 crore for debt repayment and the remaining amount for general corporate purposes.

On the financial front, Robokidz Eduventures noted a consolidated net earnings of Rs 10.05 crore on topline of Rs 93.22 crore for the financial year ended March 2026.

The IPO share allotment is anticipated to be finalised by September 24, while trading in Robokidz Eduventures shares is scheduled to begin on the BSE SME platform on September 28.

Robokidz shares were trading at a premium of more than 50 percent in the grey market, an unofficial market for trading IPO shares before their stock-exchange debut on the exchanges, according to market observers.

The firm provides technology-enabled learning and skill development solutions in robotics, artificial intelligence (AI), coding, electronics and STEM (science, technology, engineering and mathematics) to schools and educational institutions through educational laboratory setup projects, subscription-based learning programmes and other educational services.

GYR Capital Advisors is acting as the lead merchant banker for the IPO.