Robokidz Eduventures
What they do: The company operates in the education sector, focusing on providing educational services and products, as indicated by its name and group company affiliations.
By IPO Milega Research · Published · Updated
Analysis score 6.4 +1.5 for 306.73x QIB subscription
The company has shown a stable revenue trend with a moderate CAGR.
- GMP (unofficial)
- +81.13%
- ₹86 a share
- Subscribed
- 772.19x
- Total
- Retail odds
- 0.12%
- 1 in 807
GMP is an unofficial grey market indication.
- Price band
- ₹100-106
- Lot size
- 2400 shares
- Min. investment
- ₹2,54,400
- Issue size
- 31.09 Cr.
- Open21 Sept 2026
- Close23 Sept 2026
- Allotment24 Sept 2026
- Listing28 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 306.73x
- NII
- 1307.47x
- Retail
- 807.12x
₹192 (+81.13%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials5.0
- Performance8.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The expected gains on listing are primarily driven by the strong Grey Market Premium (GMP) of 157, indicating a 48.11% potential upside. This is supported by the company's robust historical growth, strategic market positioning, and favorable IPO timing.
Strengths3
- Revenue from operations increased from ₹3,816.59 lakhs in FY 2024 to ₹9,322.31 lakhs in FY 2026.
- Successful expansion into multiple Indian states, reducing revenue concentration in Maharashtra from 89.86% in FY 2024 to 53.04% in FY 2026.
- Established a franchise model to expand its activity centers under the Young Engineers Academy brand.
Concerns5
- High working capital intensity and cash flow dependency on customer payments.
- Revenue concentration with top ten customers contributing 77.99%.
- Geographic concentration risk with 53.04% revenue from Maharashtra.
- Absence of binding agreements with customers and suppliers.
- Potential regulatory changes in education sector impacting operations.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,54,4002 lots, 2400 shares
- Retail Maximum2,54,4002 lots, 2400 shares
- S-HNI Minimum3,81,6003 lots, 3600 shares
- S-HNI Maximum8,90,4007 lots, 8400 shares
- B-HNI Minimum10,17,6008 lots, 9600 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | 2,54,400 |
| Retail Maximum | 2 | 2400 | 2,54,400 |
| S-HNI Minimum | 3 | 3600 | 3,81,600 |
| S-HNI Maximum | 7 | 8400 | 8,90,400 |
| B-HNI Minimum | 8 | 9600 | 10,17,600 |
Timing
7.0/10The market timing for Robokidz Eduventures' IPO seems favorable. The absence of contingent liabilities and commitments suggests a stable financial backdrop, which is attractive to investors. The structured allocation across investor categories, including a significant portion for QIBs and market makers, indicates a strategic approach to ensure robust participation. This timing aligns well with regulatory frameworks and market conditions, potentially maximizing investor interest and subscription levels.
- Time to market
- The company's decision to go public at this time appears well-considered, given the structured approach to investor allocation and the absence of financial liabilities. This suggests a readiness to capitalize on current market conditions, which are conducive to a successful IPO.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 21 Sept 2026IPO Opens
- 23 Sept 2026IPO Closes
- 24 Sept 2026Basis of Allotment
- 25 Sept 2026Refunds Initiated
- 25 Sept 2026Credit to Demat Account
- 28 Sept 2026Listing Date
Financials
5.0/10- Revenue
- ₹93.72 Cr
- +58.4%
- Profit after tax
- ₹10.06 Cr
- +102.0%
- Net margin
- 10.7%
- +2.3 pts
- Assets
- ₹95.22 Cr
- +178.7%
- Return on equity
- 56.46%
- Debt to equity
- 1.19
- ROCE
- 29.64%
- Return on net worth
- 48.66%
- NAV per share (₹)
- 35.74
Financial performance trend
Amount ₹ in croresThe company has shown a stable revenue trend with a moderate CAGR. However, the lack of detailed financial data such as net profit, total assets, and liabilities makes it challenging to fully assess its financial health. The absence of audit qualifications is a positive indicator.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks2
- Operational risks2
- Regulatory risks1
Robokidz faces high financial and operational risks due to customer concentration, regulatory dependencies, and significant working capital needs.
How the company offsets these
Diversifying customer base and improving internal controls can mitigate risks.
Financial risks2
- High working capital intensity and cash flow dependency on customer payments.
- Foreign exchange rate fluctuations affecting raw material costs.
Market risks2
- Revenue concentration with top ten customers contributing 77.99%.
- Geographic concentration risk with 53.04% revenue from Maharashtra.
Operational risks2
- Absence of binding agreements with customers and suppliers.
- Deficiencies in internal controls impacting financial reporting.
Regulatory risks1
- Potential regulatory changes in education sector impacting operations.
Performance
8.0/10Robokidz Eduventures Limited, established in 2014, specializes in providing technology-enabled learning solutions in robotics, AI, coding, and STEM education. The company has shown significant growth in revenue and profitability over the past three years, driven by its educational laboratory setup projects and subscription services. It operates through a two-tier revenue model, focusing on both initial laboratory setups and recurring subscription services. The company has expanded its geographical presence across India, reducing dependency on a single region and enhancing revenue diversification.
- Historical growth
- The company has demonstrated strong historical growth with a CAGR of 56.28% in revenue from operations over the past three years., 56.28% CAGR
- Market comparison
- Robokidz Eduventures Limited operates in a growing educational robotics market, with a focus on STEM education, which is expected to grow significantly due to increasing demand for technology-enabled learning solutions.
- Future potential
- The company is well-positioned for future growth due to its diversified revenue streams and expansion into new geographical markets.
- Operational consistency
- The company's consistent revenue growth and expansion into new markets indicate operational stability and effective execution of its business model.
- Experience
- The management team, led by Mr. Sagar Lalit Sanghvi, has over 10 years of experience in education and technology-enabled learning.
- Track record
- The management has successfully expanded the company's market presence and revenue base.
Key achievements
- 01Revenue from operations increased from ₹3,816.59 lakhs in FY 2024 to ₹9,322.31 lakhs in FY 2026.
- 02Successful expansion into multiple Indian states, reducing revenue concentration in Maharashtra from 89.86% in FY 2024 to 53.04% in FY 2026.
- 03Established a franchise model to expand its activity centers under the Young Engineers Academy brand.
Flexibility
8.0/10The company is well-positioned in the growing educational robotics market, with a focus on STEM education and a diversified product range catering to various educational levels. Its adaptability to market trends, such as the increasing demand for personalized and gamified learning experiences, enhances its market adaptability.
The company has shown strong financial growth, with a significant increase in revenue and profitability over the past three years. Its debt-equity ratio has improved, indicating better financial management and reduced leverage.
The company exhibits operational agility through its integrated business model, which includes laboratory setups, subscription services, and franchise operations. Its ability to execute projects across multiple geographies and maintain standardized delivery supports its operational agility.
The company demonstrates strong flexibility and adaptability, driven by its diversified revenue streams, innovative product offerings, and strategic expansion plans. It has shown significant growth in revenue and profitability, indicating robust financial health and operational efficiency.
- Product diversification
- The company offers a wide range of educational products, including robotics kits, AI learning tools, and STEM educational services, catering to different educational levels and needs.
- Future adaptability
- The company is well-positioned to adapt to future educational trends, with plans to expand its institutional lab deployments, enhance its technology platforms, and strengthen its presence in the skill development ecosystem.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.