Robokidz's $3.2M IPO draws 769x demand, bids top US$2.31B
What's the deal? Robokidz EduventuresDealroom has a profile for this one. Try Dealroom →, a Pune-based provider of technology-enabled learning in robotics, AI, coding and STEM for K-12 students, closed its IPO on September 23 at 769.48 times subscription. The company is raising US$4.22M by issuing 29.32 lakh shares on the BSE SMEDealroom has a profile for this one. Try Dealroom → platform.
By the numbers: Total bids reached US$2.33B, dwarfing the company's potential market capitalisation of US$15.6M at the upper end of the US$1.36-US$1.44 price band. Investors bid for 161.96 crore shares against an issue of 21.04 lakh, across 4.12 lakh applications.
Who bid? Non-institutional investors led demand at 1,148.03 times their quota, followed by retail investors at 807.12 times and qualified institutional buyers at 306.73 times. Ahead of the issue, Robokidz raised US$1.19M from three anchor investors: Nine Alps Trust, Vira AIF TrustDealroom has a profile for this one. Try Dealroom → and Vikasa IndiaDealroom has a profile for this one. Try Dealroom →.
The financials: For the year ended March 2026, Robokidz reported a consolidated net profit of US$1.36M on revenue of US$12.7M. The company, promoted by Sagar Lalit Sanghvi, will use US$3.18M of net proceeds for working capital and US$298.8K for debt repayment.
What's next? Share allotment is expected by September 24, with trading set to begin on September 28. In the grey market, an unofficial venue for pre-listing trades, Robokidz shares were changing hands at a premium of more than 50%, according to market observers.
The signal: The scale of demand for a small offering underscores how India's SME IPO segment continues to attract outsized retail and institutional appetite, particularly for edtech names tied to fast-growing themes like AI and robotics.
Image credit: Generated with Gemini
