Fusion Klassroom Edutech IPO: Price Band, Lot Size, Financials & Review
Fusion Klassroom Edutech IPO listed on BSE on Fri, 7 Aug 2026. The issue was subscribed 1.58x overall.
- Open Date
- 31 Jul 2026
- Close Date
- 4 Aug 2026
Last updated
- Price band
- ₹151 – ₹159
- Lot size
- 800 shares
- Min. investment
- ₹2,54,400
- Issue size
- ₹39.04 Cr
- Last GMP
- +₹4
- Subscribed
- 🔥 1.58x
Fusion Klassroom Edutech IPO details
Fusion Klassroom Edutech IPO is a ₹39.04 Cr book-building IPO on the SME segment, listing on BSE. It combines a fresh issue of ₹31.63 Cr (81.02%) with an offer for sale of ₹7.41 Cr (18.98%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Fri, 31 Jul 2026 to Tue, 4 Aug 2026. Allotment was finalised on Wed, 5 Aug 2026, and the shares listed on BSE on Fri, 7 Aug 2026.
The price band is ₹151 to ₹159 per share and the lot size is 800 shares, so the minimum retail application is ₹2,54,400. Retail investors can apply for up to 2 lots (1,600 shares, ₹2,54,400).
Maashitla Securities Pvt. Limited is the registrar, and Narnolia Financial Services Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Fusion Klassroom Edutech IPO GMP before listing was +₹4 (+2.52% against the upper price band of ₹159), implying an estimated listing price of ₹163. Across 10 days of tracking, GMP ranged from 0 (24 Jul) to +₹4 (01 Aug).
| Last GMP | +₹4 |
|---|---|
| GMP vs upper band | +2.52% |
| Estimated listing price | ₹163 |
| Highest (01 Aug) | +₹4 |
| Lowest (24 Jul) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Fusion Klassroom Edutech IPO day-wise GMP.
Subscription
Day-wise subscription →Fusion Klassroom Edutech IPO was subscribed 1.58x overall: QIB 1.00x, NII 1.82x and retail 1.80x.
| Category | Subscribed |
|---|---|
| QIB | 1.00x |
| NII | 1.82x |
| └ bNII (above ₹10 lakh) | 1.99x |
| └ sNII (₹2–10 lakh) | 1.48x |
| Retail | 1.80x |
| Total | 1.58x |
Final figures at the close of bidding on 4 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the Fusion Klassroom Edutech IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 4,64,800 | 28.42% |
| Non-Institutional | 3,52,800 | 21.58% |
| └ BNII | 2,35,200 | 14.38% |
| └ SNII | 1,17,600 | 7.19% |
| Retail Investors | 8,17,600 | 50.00% |
| Total | 16,35,200 | 100.00% |
Fusion Klassroom Edutech IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,54,400 |
| Retail (Max) | 2 | 1,600 | ₹2,54,400 |
| S-HNI (Min) | 3 | 2,400 | ₹3,81,600 |
| S-HNI (Max) | 7 | 5,600 | ₹8,90,400 |
| B-HNI (Min) | 8 | 6,400 | ₹10,17,600 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹31.63 Cr (81.02%) with an offer for sale of ₹7.41 Cr (18.98%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
Listed peers with positive earnings trade at a median P/E of 41.69x (2 companies).
Promoter holding falls from 55.07% before the issue to 39.53% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹0 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 55.07% |
| Promoter holding (post-issue) | 39.53% |
Fusion Klassroom Edutech Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹10.11 Cr to ₹23.1 Cr, and profit after tax rose from ₹2.9 Cr to ₹7.6 Cr. The PAT margin for 31 Mar 2026 was 32.90%.
| 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 |
| Reserve & Surplus | 11.09 | 10.01 | 3.90 |
| Total Borrowings | 3.43 | 1.01 | 0.32 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 53.45 | 41.66 | 13.08 |
| ROCE % | 45.60 | 29.92 | 12.41 |
| Debt / Equity | 0.19 | 0.10 | 0.08 |
| RoNW % | 53.45 | 41.66 | 13.08 |
| Pat Margin % | 32.99 | 28.79 | 7.50 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Fusion Klassroom Edutech Ltd | 10 | — | 13.96 | 13.96 | 53.45% | 25.22 |
| Physicswallah Ltd | 10 | — | -0.86 | -0.86 | -15.96% | 15.80 |
| MPS Limited | 10 | 21.39 | 87.80 | 87.80 | 31.12% | 279.69 |
| Verand Learning Solutions Ltd | 10 | — | -34.73 | -34.73 | -97.93% | 34.54 |
| Arihant Academy Ltd | 10 | 61.99 | 7.34 | 7.34 | 13.80% | 41.35 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company |
| 2 | Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure |
| 3 | Funding the capital expenditure towards Content Development |
| 4 | Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers’ AI/ML labs |
| 5 | Expenditure towards Marketing Initiatives |
| 6 | Funding inorganic growth through unidentified acquisitions and general corporate purposes |
About Fusion Klassroom Edutech Limited
Incorporated in 2016, Fusion Klassroom Edutech Ltd. is an education technology (EdTech) company that provides professional, academic, and competitive examination coaching through a hybrid learning model that integrates offline classroom teaching with digital education. The company primarily caters to students preparing for professional courses such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountancy (CMA), along with other commerce-related and competitive examinations.
By leveraging technology-driven learning solutions, the company aims to improve accessibility, affordability, and flexibility in education while expanding its presence across multiple cities in India.
Business Model
1. B2C – Education OTT Platform & Offline Learning
Fusion Klassroom operates a proprietary AI-powered Education OTT platform, offering live and recorded lectures across academic, competitive examination, and skill development courses.
The platform follows a subscription-based model with affordable pricing:
- Basic Plan: ₹1,250 per year
- Enterprise Plan: ₹3,000 per year
In addition to its online platform, the company has established a network of 30 offline partner centres, primarily in Mumbai, providing classroom coaching for:
- Classes 8–12
- JEE
- NEET
- CA
- Commerce courses
- Skill development programs
The annual fee for these classroom programs ranges between ₹25,000 and ₹45,000, depending on the course.
2. Skill Development & Employability Programs
The company offers vocational and industry-oriented training programs designed to enhance employability. These include courses in:
- Artificial Intelligence (AI)
- Machine Learning (ML)
- Data Science
- Coding and Programming
- Entrepreneurship
- Emerging Technologies
These programs are delivered through classroom, online, and hybrid learning formats, with an emphasis on practical skills and industry readiness.
3. B2B2C, B2B & B2G Institutional Partnerships
Fusion Klassroom collaborates with:
- State Governments
- Universities
- Educational Institutions
- Corporate Organizations
Through these partnerships, the company delivers large-scale education and skilling solutions, including:
- Digital learning content
- Teacher training programs
- AI & Machine Learning laboratories
- Hybrid learning infrastructure
- Internship and employability modules
- AI-powered student assessment and performance evaluation systems
Technology Platform
The company has developed its own AI-powered Education OTT platform, Klassroom Konnect, which offers both live and recorded learning content. The platform supports personalized learning experiences while enabling students to access educational content anytime and anywhere.
Operations & Scale
As of July 22, 2026, Fusion Klassroom Edutech Ltd. operates a scalable hybrid education ecosystem comprising:
- 30 offline partner centres
- AI-powered Education OTT application
- 100+ academic and skill-development courses
- More than 400,000 registered users
- Over 100,000 paid subscribers
- More than 100,000 mobile app downloads
Growth Strategy
The company's growth strategy focuses on expanding its digital learning ecosystem and strengthening its hybrid education model. Future growth is expected to be driven by:
- Increasing student enrollments
- Expansion of offline learning centres
- Enhancement of faculty network
- Introduction of new professional and skill-development courses
- Greater adoption of AI-enabled learning solutions
- Expansion of institutional partnerships across the B2B and B2G segments
Employee Strength
As of July 22, 2026, the company had a total workforce of 26 employees.
Promoters
- Mrs. Alka Nikhil Javeri
- Mr. Dhruv Nikhil Javeri
- Mr. Dhumil Nikhil Javeri
Contact details
Fusion Klassroom Edutech Ltd.
Matruprabha, Plot No-78,
CTS No-2731,
Daulat Nagar Road 7, Borivali East
Mumbai, Maharashtra, 400066
Tel No: +91 8655678159
Email Id: companysecretary@klassroom.in
Website:http://www.klassroom.in/
Fusion Klassroom Edutech IPO FAQs
- What is the Fusion Klassroom Edutech IPO price band?
- The Fusion Klassroom Edutech IPO price band is ₹151 to ₹159 per share.
- What is the Fusion Klassroom Edutech IPO lot size and minimum investment?
- The Fusion Klassroom Edutech IPO lot size is 800 shares. The minimum retail investment is ₹2,54,400 for one lot at the upper price band. Retail investors can apply for up to 2 lots (1,600 shares), costing ₹2,54,400.
- When was Fusion Klassroom Edutech IPO open for subscription?
- Fusion Klassroom Edutech IPO was open for subscription from Fri, 31 Jul 2026 to Tue, 4 Aug 2026.
- What is the Fusion Klassroom Edutech IPO subscription status?
- Fusion Klassroom Edutech IPO was subscribed 1.58x overall: QIB 1.00x, NII 1.82x and retail 1.80x. Day-wise and category-wise figures are on the subscription page.
- What was the Fusion Klassroom Edutech IPO GMP before listing?
- The last Fusion Klassroom Edutech IPO GMP before listing was +₹4 (+2.52% against the upper price band of ₹159), implying an estimated listing price of ₹163. Across 10 days of tracking, GMP ranged from 0 (24 Jul) to +₹4 (01 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Fusion Klassroom Edutech IPO allotment date?
- The Fusion Klassroom Edutech IPO basis of allotment was finalised on Wed, 5 Aug 2026. You can check your allotment status on the Maashitla Securities Pvt. Limited website.
- What is the Fusion Klassroom Edutech IPO listing date?
- Fusion Klassroom Edutech IPO listed on BSE on Fri, 7 Aug 2026.
- Is the Fusion Klassroom Edutech IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹31.63 Cr (81.02%) with an offer for sale of ₹7.41 Cr (18.98%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Fusion Klassroom Edutech IPO?
- The registrar for the Fusion Klassroom Edutech IPO is Maashitla Securities Pvt. Limited, and the book running lead manager is Narnolia Financial Services Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.