Robokidz Eduventures Ltd. IPO: price band, issue size, dates, business, financials and risks

Robokidz Eduventures Limited is set to open its SME (small and medium enterprise) IPO on 21 September 2026, with the issue closing on 23 September 2026 and a planned listing on 28 September 2026. The IPO is a fresh issue of ₹31.09 crore with no offer for sale (OFS) indicated in the provided details. The price band is ₹100 to ₹106 per share and the lot size is 1,200 shares. Fresh issue proceeds would go to the company; proposed uses include working capital, partial pre-payment or repayment of borrowings, and general corporate purposes.

Business overview: robotics, AI and STEM learning delivered through labs, kits and software

Robokidz Eduventures provides technology-enabled learning and skill-development solutions for K–12 students focused on robotics, artificial intelligence (AI), coding, electronics and STEM (science, technology, engineering and mathematics). The company’s primary customers are schools, educational institutions and government or semi-government bodies.

A core part of the institutional offering is designing and setting up experiential learning labs, including ATAL-related tinkering labs. Alongside lab infrastructure, Robokidz supplies in-house designed educational kits and provides curriculum, teacher training and technical support. This bundles hardware, content and services into a single implementation for schools.

The offering also includes a software layer. Robokidz has a proprietary Drag-on.ai coding platform, a learning management system (LMS), and a mobile app that can be used to control Wi‑Fi-enabled robotics kits. In the company’s described model, institutions can purchase a lab setup project and then continue engagement through subscriptions and ongoing educational services.

In addition to the institutional channel, Robokidz runs activity centres and is expanding through a franchise-led model via its wholly owned subsidiary, Robokidz Retails Private Limited, to reach learners directly.

Key milestones: from government projects to a two-channel model

Robokidz was incorporated in 2014 as a private limited company (Robokidz Eduventures Private Limited). In 2017, it was awarded a government tender under NITI Aayog’s Atal Innovation Mission – Atal Tinkering Labs (ATL) initiative, which is cited as an early milestone in its institutional deployment track record.

In 2025, the company opened its first Young Engineers Academy centre at Mundhwa, Pune, marking a move into the direct-to-consumer segment. In 2026, Robokidz Retails Private Limited became a wholly owned subsidiary, and the company expanded with franchise-operated activity centres in Malad (Mumbai) and Baner (Pune). During 2026, the company also converted from a private limited company to a public limited company and was renamed Robokidz Eduventures Limited.

These milestones outline a shift from being primarily an institutional lab-and-services provider to operating across both institutional deployments and a retail, centre-led format.

IPO structure and proposed use of proceeds

The issue is classified as an SME IPO and is described in the provided slice as entirely a fresh issue, with no OFS component. This matters for proceeds flow: fresh issue proceeds accrue to the company, while OFS proceeds (not present here) would have gone to selling shareholders.

Robokidz has stated that the net proceeds are intended to be used towards:

Funding working capital requirements

Pre-payment or repayment of all or a portion of certain outstanding borrowings

General corporate purposes

In the detailed proposed allocation provided, the largest specified component is working capital funding, and a smaller specified amount is earmarked for debt repayment or pre-payment. General corporate purposes are listed as an object, but the slice provided does not specify a rupee amount for that line item.

The IPO’s reservation snapshot indicates allocation across investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and retail. QIBs account for the bulk of the indicated portion, with an anchor allocation referenced as a part of the QIB book.

Financial trajectory: revenue, PAT margin and balance sheet movement

Over FY2024 to FY2026, Robokidz reported rising revenue and profit after tax (PAT), alongside an increase in total assets by FY2026.

Revenue increased from ₹38.17 crore in FY2024 to ₹58.75 crore in FY2025 and ₹93.22 crore in FY2026. PAT rose from ₹2.42 crore in FY2024 to ₹4.98 crore in FY2025 and ₹10.06 crore in FY2026. Over the same period, PAT margin improved to 10.79% in FY2026.

The company’s KPI snapshot also reports an EBITDA margin of 17.77% (treated as a margin percentage). Alongside profitability, the operating model described in the supplied context highlights working-capital intensity, with receivables and inventory affecting cash flows relative to reported profits.

The supplied numbers also show a sharp increase in total assets in FY2026 to ₹95.22 crore versus earlier years. The context provided does not attribute reasons for this change, but it is a balance-sheet movement that investors often track alongside working-capital needs and borrowings.

Valuation and KPIs in the IPO snapshot, plus grey market observations

At the upper end of the price band (₹106), the snapshot reports an EPS (earnings per share) of ₹12.69 and a pre-IPO price-to-earnings (P/E) multiple of 8.35 times. The price-to-book multiple is stated at 2.97 times.

Return and leverage indicators provided in the same snapshot include ROE (return on equity) of 56.46%, RoNW (return on net worth) of 48.66%, ROCE (return on capital employed) of 29.64%, and a debt-to-equity ratio of 1.19 times. These metrics are typically read alongside a company’s cash conversion profile and customer payment cycles, particularly for models that combine hardware supply, on-site implementation and ongoing services.

The grey market premium (GMP) observations available in the slice include three data points: ₹45 on 14 September 2026, ₹45 on 15 September 2026, and ₹15 on 15 September 2026, each referenced to an issue price of ₹106. GMP is an unofficial market indicator and can change; it is not a listing-price forecast.

Key risks and monitoring points

The supplied context flags operating and market risks that follow from Robokidz’s customer mix, contracting structure, and product category.

Working-capital and cash collection risk is central. The company’s risk notes state that cash can lag profits because working capital is tied up in receivables and inventory, which may increase borrowing and interest costs.

Customer and relationship risk is also highlighted. The supplied risks mention reliance on schools and channel partners without written agreements, which can reduce visibility and allow relationships to end quickly.

Geographic exposure is another stated risk. The slice notes that revenue is still heavily linked to Maharashtra, which can increase sensitivity to local school spending or policy changes.

Sector risks cited include a competitive and fragmented edtech/STEM market, regulatory and policy changes that can impact education/coaching/services, and the risk of rapid technological obsolescence relevant to robotics kits, AI-linked curricula and supporting platforms.

Monitoring points to track after the issue, stated as monitoring statements:

Receivables collection and inventory levels will influence working-capital funding needs and borrowing intensity.

The share of recurring subscriptions and educational services versus one-time lab setup projects will affect revenue visibility and service-delivery requirements.

Execution in franchise-operated activity centres will influence the pace and quality of the direct-to-consumer expansion.

Adoption and upgrades of the Drag-on.ai platform, LMS and app-linked robotics kit ecosystem will matter for continuity of usage across schools and learners.

Complete numeric snapshot

IPO terms and schedule

Key performance indicators and valuation

Category reservations and anchor allocation

Proposed use of fresh issue proceeds

Subscription status (15 Sep 2026)

Grey market premium (GMP) trend

GMP is an unofficial market indicator and can change; these are dated snapshot observations, not a listing forecast.