Robokidz Eduventures IPO 2026: SME Issue Open, Price Band, Lot Size and Key Details

21 Sep 2026 · 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

The Robokidz Eduventures SME IPO is open for subscription from 21‑23 Sep 2026. This article covers issue terms, live subscription data, GMP, financial trends, use of proceeds, strengths, risks and upcoming milestones.

Written by the BuyUnlistedShares desk · Published 21 Sep 2026 · Updated 21 Sep 2026

Information only, not investment advice.

Direct answer: Robokidz Eduventures' SME IPO opened on 21 Sep 2026 with a price band of ₹100‑106, a lot size of 1,200 shares and an issue size of ₹31.09 cr. The issue closes on 23 Sep 2026 and is listed on BSE SME on 28 Sep 2026. This note is from the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002.

Issue Terms and Key Figures

The issue is a book‑build offering on the BSE SME platform. The face value is ₹10 per share. The price band is ₹100 (floor) to ₹106 (cap). One lot comprises 1,200 shares, requiring a minimum application amount of ₹2,54,400 at the upper band. The fresh issue comprises 27,70,800 shares (₹29.37 cr) and the total issue size is ₹31.09 cr. The issue opens on 21 Sep 2026 and closes on 23 Sep 2026. Allotment is expected on 24 Sep 2026, refund/credit on 25 Sep 2026 and listing on 28 Sep 2026. The registrar is Maashitla Securities Pvt. Ltd. and the lead manager is GYR Capital Advisors Pvt. Ltd.

What the Company Does

Incorporated in December 2014, Robokidz Eduventures provides technology‑enabled learning and skill‑development solutions for K‑12 students in Robotics, Artificial Intelligence, Coding, Electronics and STEM. Its integrated model covers educational laboratory setup projects, subscription‑based learning programs, teacher training, digital learning platforms, educational kits and technical support for schools, institutions and government bodies across India. The company operates through a diversified business model comprising laboratory setup, curriculum design, training modules and academic support services.

Objects of the Issue

The net proceeds (₹25.66 cr) are earmarked for three objects: (1) funding working‑capital requirements – ₹23.46 cr; (2) pre‑payment or repayment of certain outstanding borrowings – ₹2.20 cr; and (3) general corporate purposes – the balance. The deployment has not been appraised by any bank or financial institution.

Financial Trend

Restated financials (₹ cr) for the three years ended 31 Mar show consistent growth. Total income rose from ₹38.31 cr (FY24) to ₹59.16 cr (FY25) and ₹93.72 cr (FY26). Profit after tax increased from ₹2.42 cr to ₹4.98 cr and ₹10.06 cr. EBITDA grew from ₹4.89 cr to ₹9.00 cr and ₹16.66 cr. Net worth expanded from ₹4.38 cr to ₹10.61 cr and ₹20.67 cr. Borrowings rose from ₹14.29 cr to ₹15.34 cr and ₹29.80 cr, reflecting a working‑capital‑intensive model.

Subscription Status (Live)

As of the latest capture on 21 Sep 2026 07:20 IST, the overall subscription stands at 3.59×. Category‑wise: Retail 5.99×, sNII 3.94×, bNII 2.05×, NII (HNI) 2.68×, QIB 0.05×. The issue remains open until 23 Sep 2026.

Grey Market Premium (GMP)

The unofficial grey‑market premium is ₹51 per share, i.e. 48.11 % above the upper price band, as observed on 21 Sep 2026 05:32 IST. This figure is indicative only and not a forecast of the listing price.

Dated indicative prices, financials and the IPO calendar for Robokidz Eduventures are maintained by the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002.

Strengths

• Integrated Business Model with End‑to‑End Solutions – single‑vendor offering covering laboratory setup, curriculum, training and support.
• Structured Project Management, Experienced Management Team and Operational Capabilities – standardized protocols, experienced directors (over 10 years each) and process‑driven operations.
• Proven Track Record in Executing Educational Laboratory Setup Projects – principal revenue driver over the last three fiscals.
• Geographic Presence with Diversified Revenue Distribution – revenue generated from multiple states.

Risk Factors

• Working‑capital intensive – significant funds blocked in receivables, inventory and short‑term advances (net working capital ₹31.49 cr as of Mar 2026).
• Dependence on schools, institutions and channel partners for student enrolments.
• Geographic concentration – a large share of revenue from Maharashtra.
• Regulatory and policy changes in the education sector could adversely affect operations.
• Promoter disqualification history – Mr. Sagar Lalit Sanghvi was disqualified as director from Nov 2016 to Oct 2021.
• No binding long‑term agreements with most customers.
• Curriculum update risk – need to keep robotics, coding and STEM content current.
• Customer concentration – top‑10 customers contributed 77.99 % (FY26), 92.95 % (FY25) and 96.60 % (FY24) of revenue.

Peer Comparison

The offer document states that there are no directly comparable listed peers matching Robokidz' business model, product offering and operational profile.

Key Dates Ahead

• Allotment: 24 Sep 2026
• Refund / Credit of shares: 25 Sep 2026
• Listing on BSE SME: 28 Sep 2026

Price and Shareholding Context

Pre‑issue promoter holding is 72.33 % (post‑issue figure not disclosed in the pack). The price‑to‑book ratio at the upper band is 2.97× (NAV per share ₹35.74 as of Mar 2026). The post‑issue P/E (based on FY26 EPS) is 11.45×. The debt‑equity ratio stands at 1.19. The issue is priced at a premium to book value, reflecting growth expectations.

Talk to the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002. For a dated quote, the lot size and the settlement steps for Robokidz Eduventures, send an enquiry or open the Robokidz Eduventures page.

Frequently Asked Questions

What is the price band for the Robokidz Eduventures IPO?

The price band is ₹100 to ₹106 per equity share of face value ₹10.

When does the IPO close and when is the listing expected?

The issue closes on 23 Sep 2026 and listing on BSE SME is scheduled for 28 Sep 2026.

How much is the grey‑market premium and when was it recorded?

The GMP is ₹51 (48.11 % above the cap) as of 21 Sep 2026 05:32 IST; it is unofficial and indicative.

What are the main objects of the issue?

Working‑capital funding (₹23.46 cr), repayment of borrowings (₹2.20 cr) and general corporate purposes.

Is this IPO suitable for my portfolio?

We do not make that call; suitability depends on individual risk appetite, investment horizon and financial advice.

Track the issue on the IPO calendar and use the unlisted shares screener for comparable opportunities. For a step‑by‑step guide on participating in IPOs, see How to Buy Shares Before an IPO in India (2026). To compare platforms for live subscription, GMP and allotment data, refer to Best Websites to Track IPOs, GMP and Allotment in India (2026).

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.