
Fusion Klassroom Edutech IPO
- Issue price
- ₹159
- Listing price
- ₹170
- +6.92%
- Current price
- ₹165
- +3.77%
- Subscribed
- 1.46x
- Issue size
- ₹39.04 Cr
- Listed on
- 7 Aug 2026
IPO timeline
- Opens31 JulFri
- Closes4 AugTue
- Allotment5 AugWed
- RefundsTo be announced
- Demat creditTo be announced
- Listing7 AugFri
Issue details
- Price band
- ₹151 – ₹159 per share
- Issue size
- ₹39.04 Cr
- Fresh issue
- Not available
- Offer for sale
- Not available
- Issue type
- Fresh capital cum OFS
- Face value
- ₹10 per share
- Lot size
- 800 shares
- Minimum investment
- ₹1,27,200
- Listing on
- BSE SME
- Exchange code
- KLASSROOM.BO · 7853
This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,27,200 |
| Retail (Max) | 1 | 800 | ₹1,27,200 |
| HNI (Min) | 2 | 1,600 | ₹2,54,400 |
Reservation
- QIB
- 11,61,600 shares (49.81% of the Offer)
- NII
- 3,52,800 shares (15.13% of the Offer)
- Retail
- 8,17,600 shares (35.06% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Maashitla Securities- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 5 Aug 2026
- Listing
- 7 Aug 2026
Grey market premium (GMP)
- Current GMP
- ₹0
- 0.00%
- Estimated listing price
- ₹159
- Issue price ₹159
- Highest
- ₹9
- 30 Jul
- Lowest
- ₹0
- 23 Jul
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 6 Aug 2026 | ₹0 | 0.00% | ₹159 |
| 5 Aug 2026 | ₹0 | 0.00% | ₹159 |
| 4 Aug 2026 | ₹0 | 0.00% | ₹159 |
| 3 Aug 2026 | ₹4 | +2.52% | ₹163 |
| 1 Aug 2026 | ₹4 | +2.50% | ₹163 |
| 31 Jul 2026 | ₹7 | +4.40% | ₹166 |
| 30 Jul 2026 | ₹9 | +5.70% | ₹168 |
| 29 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 28 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 27 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 26 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 25 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 24 Jul 2026 | ₹0 | 0.00% | ₹159 |
| 23 Jul 2026 | ₹0 | — | ₹159 |
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB1x
- NII (HNI)1.35x
- Retail1.8x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 4,64,800 | 4,64,800 | 1x |
| Non-Institutional Investors (NII) | 4,76,000 | 6,42,400 | 1.35x |
| bNII — bids above ₹10 Lakh | 2,35,200 | 4,68,000 | 1.99x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 1,17,600 | 1,74,400 | 1.48x |
| Retail Individual Investors (RII) | 8,17,600 | 14,68,800 | 1.8x |
| Total | 17,58,400 | 25,76,000 | 1.46x |
Financials
- P/E Ratio
- 19.49
- EPS (₹)
- 8.16
- RoCE
- 45.60%
- RoNW
- 53.45%
- PAT Margin
- 32.99%
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 25.46 | 12.06 | 4.48 |
| Total Income | 23.10 | 10.11 | 4.62 |
| Profit After Tax | 7.60 | 2.90 | 0.34 |
| EBITDA | 12.99 | 4.06 | 1.02 |
| NET Worth | 18.41 | 10.03 | 3.92 |
| Reserves and Surplus | 11.09 | 10.01 | 3.90 |
| Total Borrowing | 3.43 | 1.01 | 0.32 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Fusion Klassroom Edutech This IPO | ₹39.04 Cr | 19.49 | 53.45% | 32.99% | 1.46x | +6.92% |
| Robokidz Eduventures SME · listed 28 Sep 2026 | ₹31.09 Cr | 11.45 | 48.66% | 10.79% | 769.48x | +90.00% |
| Excelsoft Technologies Mainboard · listed 26 Nov 2025 | ₹500 Cr | 57.46 | 10.38% | 14.87% | 43.19x | +12.50% |
| Elevate Campuses Mainboard · listed 30 Sep 2026 | ₹2,100 Cr | 35.11 | 18.17% | 28.80% | 1.79x | -1.91% |
| PhysicsWallah Mainboard · listed 18 Nov 2025 | ₹3,480 Cr | -116.86 | -12.50% | -8.43% | 1.81x | +33.03% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Fusion Klassroom Edutech
Incorporated in 2016, Fusion Klassroom Edutech Ltd. is an education technology company focused on providing professional and competitive examination coaching through digital and hybrid learning models across multiple cities. The company offers coaching programs for courses such as CA, CS, CMA, and other commerce-related examinations. It combines classroom teaching with online platforms to enhance accessibility and learning flexibility. Business Model B2C – Education OTT & Offline Learning Klassroom operates a subscription-based Education OTT platform offering academic, competitive exam, and skill-development courses. Pricing is affordable at ₹1,250 per year (basic) and ₹3,000 per year (enterprise). Additionally, 30 partner centres in Mumbai provide offline coaching for Classes 8–12, JEE, NEET, CA, and skill development programs, with annual fees ranging between ₹25,000–₹45,000. Skill Development & Employability Programs The Company offers vocational and emerging technology courses including AI, machine learning, data science, coding, and entrepreneurship. These programs focus on enhancing employability and practical skills through structured classroom and hybrid learning formats. B2B2C, B2B & B2G Institutional Partnerships Klassroom collaborates with state governments, private institutions, universities, and corporations to deliver large-scale academic and skilling programs. Services include digital content deployment, teacher training, AI-ML labs, hybrid learning models, internship modules, and AI-powered performance evaluation systems. The company operates a proprietary AI-powered Education OTT platform offering live and recorded learning through Klassroom Konnect, serving millions of learners with over 100,000 app downloads. Fusion Klassroom Edutech Ltd aims to expand its presence through technology-driven education solutions. Its growth depends on student enrollments, faculty strength, course quality, and increasing demand for professional certification programs. As of July 22, 26, the company had a total workforce of 26 personnel. Klassroom Edutech today operates a scalable, hybrid learning ecosystem comprising 30 offline partner centres, an AI-powered Education OTT App featuring 100+ courses, and a nationwide footprint of over 400K+ registered users with 1 lakh+ subscribers and 1 lakh+ mobile app downloads.
Strengths
- Proprietary AI-powered Education OTT platform with a hybrid online-plus-offline learning model.
- Multiple revenue streams across B2C subscriptions, offline centres, and B2B/B2G institutional partnerships.
- Fast recent growth in revenue and profitability off a small base.
- Affordable pricing widening addressable market across academic and skill-development courses.
Risks
- Small SME issue in a highly competitive, fragmented ed-tech market with well-funded players.
- Rapid recent growth (PAT ₹0.34 cr to ₹7.60 cr) is off a small base and may not be sustainable.
- Depends on continued student enrolments, faculty retention and ongoing technology investment.
- B2G/B2B institutional contracts can be lumpy and slow to convert.
- SME listing — lower liquidity and higher volatility.
Objects of the issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company₹2.36 Cr
- Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure₹6.71 Cr
- Funding the capital expenditure towards Content Development₹5.35 Cr
- Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs₹1.95 Cr
- Expenditure towards marketing initiatives₹5.22 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Promoters and shareholding
Alka Nikhil Javeri, Dhruv Nikhil Javeri and Dhumil Nikhil Javeri
- Promoter holding, pre-issue
- 55.07%
- Promoter holding, post-issue
- 39.53%
Registrar, lead managers and documents
Lead manager
Company contact
Matruprabha, Plot No-78, CTS No-2731, Daulat Nagar Road 7, Borivali East, Mumbai, Maharashtra, 400066
8655678159
companysecretary@klassroom.inFusion Klassroom Edutech IPO: common questions
When does the Fusion Klassroom Edutech IPO open and close?
The Fusion Klassroom Edutech IPO opens on 31 Jul 2026 and closes on 4 Aug 2026.
What is the price band of the Fusion Klassroom Edutech IPO?
The price band is ₹151 – ₹159 per share, with a lot size of 800 shares and a minimum investment of ₹1,27,200.
What is the size of the Fusion Klassroom Edutech IPO?
The issue size is ₹39.04 Cr (Fresh capital cum OFS).
What is the GMP of the Fusion Klassroom Edutech IPO?
The last reported grey market premium is ₹0 per share as of 06 Aug 2026, 12:21 PM IST. GMP is unofficial and changes frequently.
When is the Fusion Klassroom Edutech IPO allotment?
The basis of allotment is expected on 5 Aug 2026. Allotment status can be checked with the registrar, Maashitla Securities Private Limited.
When will the Fusion Klassroom Edutech IPO list?
The shares listed on 7 Aug 2026 on BSE SME.
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