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Robokidz Eduventures IPO Subscribed 769 Times, Attracts Over Rs 17,000 Crore in Bids
M
Moneycontrol•23-09-2026, 19:46
Robokidz Eduventures IPO Subscribed 769 Times, Attracts Over Rs 17,000 Crore in Bids
- •Robokidz Eduventures' IPO, offering technology-enabled learning solutions, closed with a subscription of 769.48 times.
- •The company received bids for 161.96 crore equity shares against an issue size of 21.04 lakh shares, totaling Rs 17,168 crore.
- •Demand was strong across all investor categories, with non-institutional investors subscribing 1,148.03 times their quota.
- •Pune-based Robokidz Eduventures is raising Rs 31.09 crore through the IPO, with Rs 8.77 crore already secured from anchor investors.
- •Net proceeds will be used for working capital (Rs 23.45 crore), debt repayment (Rs 2.2 crore), and general corporate purposes.
Key Questions Answered
The Robokidz Eduventures IPO closed with an impressive subscription rate of 769.48 times, receiving bids for 161.96 crore equity shares amounting to over Rs 17,168 crore.
Robokidz Eduventures plans to use Rs 23.45 crore of the net proceeds for working capital requirements, Rs 2.2 crore for debt repayment, and the remainder for general corporate purposes.
The share allotment for the IPO is expected to be finalised by September 24, and trading in Robokidz Eduventures shares is scheduled to begin on the BSE SME platform on September 28.
