Robokidz Eduventures IPO Day 2: Subscribed 29.26x; retail jumps 31.2%
- Robokidz Eduventures IPO Day 2 subscription surged to 29.26x, led by Retail at 43.94x.
- NII (bHNI) jumped 39.1% to 35.34x, while QIBs remained flat at 0.07x.
- The issue is open until September 23, with allotment scheduled for September 24.
*this image is generated using AI for illustrative purposes only.
Robokidz Eduventures IPO Day 2 raced ahead to a total subscription of 29.26 times, fueled by aggressive bidding from retail and non-institutional investors. Retail individual investors jumped 31.2% in the last session to reach 43.94 times, while NII (bHNI) surged 39.1% to 35.34 times. Qualified Institutional Buyers (QIB) remained unchanged at 0.07 times.
Subscription Status
The issue witnessed significant momentum on Day 2, with the overall subscription climbing from 7.08 times on Day 1 to 29.26 times.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 21-09-2026 | 0.07x | 7.60x | 5.25x | 11.53x | 7.08x |
| Day 2 | 22-09-2026 | 0.07x | 35.34x | 32.94x | 43.94x | 29.26x |
Intra-day Timeline on 22-09-2026
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.07x | 25.41x | 33.48x | 22.16x |
| 12:15 | 0.07x | 35.34x | 43.94x | 29.26x |
Momentum Highlights
NII (bHNI) and Retail categories were the standout performers, recording substantial gains compared to the day-open figures. The total subscription crossed the 29x mark, picking up pace after the initial hours.
- QIB: 0.07x → 0.07x (Δ +0.00x (+0.0%))
- NII (bHNI): 25.41x → 35.34x (Δ +9.93x (+39.1%))
- Retail: 33.48x → 43.94x (Δ +10.46x (+31.2%))
- Total: 22.16x → 29.26x (Δ +7.10x (+32.0%))
Category-wise Breakdown
- Qualified Institutional Buyers (QIB): 0.07x
- Non-Institutional Investors (bHNI): 35.34x
- Non-Institutional Investors (sHNI): 32.94x
- Retail: 43.94x
- Employees: 0x
Offer Details
- Company: Robokidz Eduventures
- Price Band: ₹100.00000 - ₹106.00000
- Issue Size: 240000 - 500000
- Minimum Bid Quantity: 2400
- Open Date: 2026-09-21
- Close Date: 2026-09-23
About the Company
Incorporated in December 2014 and headquartered in Pune, Maharashtra, Robokidz Eduventures Limited provides technology-enabled learning and skill development solutions for K-12 students in Robotics, AI, Coding, Electronics, and STEM. The company operates through Educational Laboratory Setup Projects and Subscription Services & Other Educational Services, supported by proprietary platforms like Drag-on.ai and the Robokidz RC mobile application. It operates a franchise-led expansion model via its subsidiary, Robokidz Retails Private Limited, under the Young Engineers Academy (YEA) brand.
Financial Highlights
| Period | Revenue from Operations (₹ Cr) | Total Expenses (₹ Cr) | Profit for the Year (₹ Cr) |
|---|---|---|---|
| FY2026 (Consolidated) | 93.22 | 80.08 | 10.06 |
| FY2025 (Standalone) | 58.75 | 52.44 | 4.98 |
| FY2024 (Standalone) | 38.17 | 35.05 | 2.42 |
Objects of the Issue
- Funding the Working Capital Requirements: ₹23.46 crore
- Pre-payment or Repayment of Outstanding Borrowings: ₹2.20 crore
- General Corporate Purposes: Subject to specified limits
Risk Factors
- Working Capital Intensive Business: Negative operating cash flows across FY2024, FY2025, and FY2026 raise liquidity concerns.
- High Customer Concentration: Top 5 customers accounted for 63.25% of revenue in FY2026.
- Geographic Revenue Concentration: Revenue from Maharashtra was 53.04% of total operations in FY2026.
- Regulatory Non-Compliances: Historical non-compliances under the Companies Act, 2013 are pending compounding.
- Seasonal Revenue Concentration: Q4 (January–March) contributes disproportionately to annual revenue.
What's Next
- Allotment Date: 2026-09-24
- Listing Date: 2026-09-28
Will the surge in retail and NII subscriptions on Day 2 trigger a revision in the IPO price band?
How might the lack of interest from Qualified Institutional Buyers impact the stock's listing price and post-listing volatility?
Can the company effectively utilize the raised working capital to resolve its negative operating cash flow issues?
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