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Fusion Klassroom Edutech IPO

Price Band₹151–159
Lot Size800
Min Investment₹2,54,400
Issue Size₹39.04 Cr

Grey Market Premium (GMP)

Last updated: 23 Jul 2026, 5:55 am IST

Current GMP₹0
Expected Return
Est. Listing₹159

GMP trend over the last 2 readings: flat, from ₹0 to ₹0 (range ₹0 to ₹1).

GMP is an unofficial figure from grey market dealers and is not a guarantee of listing price.

Subscription Status

Subscription data appears once bidding opens.

IPO Details

Open Date
31 Jul 2026
Close Date
4 Aug 2026
Listing Date
7 Aug 2026
Face Value
₹10
Fresh Issue
₹29.67 Cr
OFS
₹7.41 Cr
Listing On
BSE

Lot Size & Application Amounts

ApplicationLotsSharesAmount
Retail (Min)21,600₹2,54,400
HNI (Min)32,400₹3,81,600

Issue Reservation

Investor categoryShares offered% of issue
Anchor6,96,80029.88%
QIB (ex-anchor)4,64,80019.93%
NII3,52,80015.13%
Retail8,17,60035.06%
Total23,32,000100%

The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.

Financials (₹ Cr)

Period EndedRevenuePATEBITDANet WorthTotal AssetsBorrowings
FY 20244.620.341.023.924.480.32
FY 202510.112.94.0610.0312.061.01
FY 202623.17.612.9918.4125.463.43

Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.

KPIs & Valuation

RoNW
53.45%
RoE
53.45%
RoCE
45.6%
Debt / Equity
0.19
EBITDA Margin
56.38%
PAT Margin
32.99%
NAV / share
₹25.22

As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.

Objects of the Issue

PurposeEst. Amount
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 purposesNot disclosed

Net-proceeds utilisation as disclosed in the offer document.

Promoters & Shareholding

Promoters: <p>Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri</p>

Holding (pre-issue)
55.07%
Holding (post-issue)
39.53%
Dilution
15.54%

Peer Comparison

CompanyEPS (₹)NAV (₹)P/ERoNWP/BVStatements
Fusion Klassroom Edutech13.9625.2253.45%Consolidated
Arihant Academy Limited15.0455.431.18x27.15%8.27xConsolidated
Mps Limited102.1134918.42x29.05%5.38xConsolidated
Physicswallah Limited-0.815.8-15.96%7.93xConsolidated
Veranda Learning Solutions Limited11.8499.613.54%2.04xConsolidated

Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.

Lead Managers (BRLMs)

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About the Fusion Klassroom Edutech IPO

The Fusion Klassroom Edutech SME IPO runs from 31 Jul 2026 to 4 Aug 2026, offered at a price band of ₹151–159 per share, and is set to list on BSE. The company is looking to raise ₹39.04 crore through the offer. Retail investors bid in lots of 800 shares, a minimum application of ₹2,54,400.

Issue structure

The offer combines a fresh issue of ₹29.67 crore with an offer for sale (OFS) of ₹7.41 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward expenditure towards technology & ai\ml model development, servers and cloud infrastructure (₹6.71 crore), alongside funding the capital expenditure towards content development (₹5.35 crore). In all, 6 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Fusion Klassroom Edutech reported revenue of ₹23.1 crore and a net profit of ₹7.6 crore. Revenue grew from ₹4.62 crore in FY2024 to ₹23.1 crore in FY2026 (+400.0%). Net worth stood at ₹18.41 crore at the end of FY2026.

Peer comparison

The offer document names listed peers including Arihant Academy Limited and Mps Limited, with a median peer P/E of about 24.8×.

Promoters

The promoters of the company are <p>Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri</p>. Promoter holding stands at 55.07% before the issue and comes down to 39.53% after listing.

Grey market premium (GMP)

In the unofficial grey market, Fusion Klassroom Edutech shares are quoted at a premium of ₹0 implying an expected listing around ₹159. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Fusion Klassroom Edutech IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Fusion Klassroom Edutech

Fusion Klassroom Edutech Ltd. is an Indian 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. 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. 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. Business Model B2C &ndash; Education OTT &amp; 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&ndash;12, JEE, NEET, CA, and skill development programs, with annual fees ranging between ₹25,000&ndash;₹45,000. Skill Development &amp; 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 &amp; 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. &nbsp;

Fusion Klassroom Edutech — Contact Details

Registered office
Matruprabha, Plot No-78,, CTS No-2731,, Daulat Nagar Road 7, Borivali East, Mumbai, Maharashtra, 400066
Phone
8655678159
Registrar (IPO queries)
investor.ipo@maashitla.com

Frequently asked questions

What is the Fusion Klassroom Edutech IPO price band?
The Fusion Klassroom Edutech IPO price band is ₹151 to ₹159 per share, with a lot size of 800 shares.
What is the Fusion Klassroom Edutech IPO GMP today?
The latest grey market premium for the Fusion Klassroom Edutech IPO is ₹0, implying an expected listing near ₹159. GMP is an unofficial figure and not a guarantee of the listing price.
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.
When is the Fusion Klassroom Edutech IPO allotment and listing date?
Allotment is expected on 5 Aug 2026. The shares are scheduled to list on 7 Aug 2026 on BSE.
What is the reservation split in the Fusion Klassroom Edutech IPO?
Of the total shares offered, retail investors get 35.06%, QIBs 19.93% (plus 29.88% anchor), non-institutional investors 15.13%. The full category-wise break-up is in the Issue Reservation table on this page.
Who are the promoters of Fusion Klassroom Edutech and what is their holding?
The promoters are <p>Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri</p>. Promoter holding is 55.07% before the issue and 39.53% after listing.
What are the objects of the Fusion Klassroom Edutech IPO?
The net proceeds go primarily toward expenditure towards technology & ai\ml model development, servers and cloud infrastructure, among 6 disclosed objects. See the Objects of the Issue table for the full break-up.
Who are the lead managers and registrar of the Fusion Klassroom Edutech IPO?
The book-running lead manager is Narnolia Financial Services Ltd.. Maashitla Securities is the registrar to the issue.
Is Fusion Klassroom Edutech a Mainboard or SME IPO?
Fusion Klassroom Edutech is an SME IPO, listing on BSE (SME platform).