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 inorganic growth through unidentified acquisitions and general corporate purposes (₹5.93 crore). In all, 7 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. At the upper band, that puts the issue at roughly 15.3× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 19.49× post-issue earnings and 6.3× book value, against a return on net worth of 53.45% and a debt-to-equity ratio of 0.19. These ratios come from the offer document and are for comparison, not a recommendation.

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×. The issue's own post-issue P/E works out to 19.49×.

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, about +0.0% over the upper band. 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.

Subscription

The Fusion Klassroom Edutech IPO was subscribed 1.5 times overall. The strongest demand came from retail investors at 1.8 times, with qualified institutional buyers (QIB) at 1× and non-institutional investors (NII) at 1.47×.

Listing performance

Fusion Klassroom Edutech listed on 7 Aug 2026 at ₹170, a premium of +6.9% over the issue price of ₹159.

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, subscription demand across investor categories 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;