FX Multitech vs Robokidz Eduventures vs Vivekanand Cotspin IPO: Which Should You Apply To?
TopFund Research
Published · Updated
TL;DR
- Robokidz Eduventures shows strong GMP and high subscription demand.
- FX Multitech has the largest issue size but low subscription rates.
- Vivekanand Cotspin has the lowest subscription and no GMP data.
FX Multitech, Robokidz Eduventures, and Vivekanand Cotspin are three IPOs closing on September 23, 2026. Investors need to evaluate their options carefully as they consider how to allocate their funds across these offerings.
Side-by-Side Comparison
| IPO | Price Band | Issue Size | GMP | Sector | Listing Date |
|---|---|---|---|---|---|
| FX Multitech | ₹110.0–₹116.0 | ₹45.24 Cr | — | Other Consumer Services | 28 Sep 2026 |
| Robokidz Eduventures | ₹100.0–₹106.0 | ₹31.09 Cr | +61.32% | Education | 28 Sep 2026 |
| Vivekanand Cotspin | ₹32.0–₹37.0 | ₹22.2 Cr | — | Other Textile Products | 28 Sep 2026 |
Sector Comparison
FX Multitech operates in the Other Consumer Services sector, focusing on HVAC and Industrial Refrigeration. Robokidz Eduventures is in the Education sector, providing technology-enabled learning solutions for K-12 students. Vivekanand Cotspin is part of the Other Textile Products sector, specializing in cotton processing and yarn manufacturing.
GMP Analysis
Robokidz Eduventures shows a strong Grey Market Premium (GMP) of ₹65, which is approximately 61.32%. In contrast, FX Multitech and Vivekanand Cotspin do not have available GMP data.
Subscription Demand
As of September 22, 2026, Robokidz Eduventures has a total subscription of 72.74 times, indicating high demand, particularly among Non-Institutional Investors (NII) at 108.84 times. FX Multitech has a total subscription of 0.38 times, with better demand from NIIs at 1.29 times, while Vivekanand Cotspin has a total subscription of 0.17 times, with no bids from QIBs.
Issue Size and Investment
FX Multitech has the largest issue size at ₹45.24 crores, followed by Robokidz Eduventures at ₹31.09 crores, and Vivekanand Cotspin at ₹22.2 crores. The minimum investment for FX Multitech is ₹278,400, while Robokidz requires ₹254,400, and Vivekanand needs ₹222,000.
Business Fundamentals
FX Multitech has a strong distribution network and relationships with global suppliers, focusing on operational efficiency and product diversification. Robokidz Eduventures emphasizes hands-on learning in technology and skill development for students, while Vivekanand Cotspin focuses on cost-effective production and scalability in the cotton textile industry.
Disclaimer: This is an objective comparison of publicly available IPO data, not investment advice or a personal recommendation to apply for any specific IPO. GMP is unofficial and unregulated. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying.
Frequently Asked Questions
What is the subscription status of each IPO?
As of September 22, 2026, Robokidz Eduventures has a subscription of 72.74 times, FX Multitech has 0.38 times, and Vivekanand Cotspin has 0.17 times.
Which IPO has the highest Grey Market Premium?
Robokidz Eduventures has a Grey Market Premium of ₹65, while FX Multitech and Vivekanand Cotspin do not have available GMP data.
What sectors do these companies operate in?
FX Multitech operates in Other Consumer Services, Robokidz Eduventures in Education, and Vivekanand Cotspin in Other Textile Products.
What are the minimum investments for each IPO?
The minimum investment for FX Multitech is ₹278,400, Robokidz Eduventures is ₹254,400, and Vivekanand Cotspin is ₹222,000.
What are the strengths of each company?
FX Multitech has strong supplier relationships and operational efficiency, Robokidz Eduventures focuses on technology-enabled learning, and Vivekanand Cotspin emphasizes cost-effective production.
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