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Fusion Klassroom Edutech IPO
Price Band
₹151.0–159.0
Issue Size
₹39.04 Cr
Lot Size
800 shares
Min Investment
₹254,400
2 LOTS MIN
GMP
—
Issue Price
₹159.0
Fusion Klassroom Edutech IPO AI Summary
- Fusion Klassroom Edutech IPO is listed on BSE SME in the Education sector.
- Price band: ₹151.0–₹159.0 per share, lot size 800 shares (min. investment ₹254,400, 2 lots minimum).
- Subscription window: 31 Jul–04 Aug 2026, listing on 07 Aug 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.50x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.00x
|
1.00x |
| NII (HNI) |
1.47x
|
1.47x |
| ↳ bNII (>₹10L) |
1.47x
|
1.47x |
| ↳ sNII (<₹10L) |
1.48x
|
1.48x |
| Retail (RII) |
1.80x
|
1.80x |
| Total | 1.50x | 1.50x |
Auto-updated every 5 min · As of 4th Aug 2026 18:56
Fusion Klassroom Edutech IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 – 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.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹10.37
NAV
₹25.22
ROE
53.45%
ROCE
45.60%
RoNW
53.45%
P/B Value
6.30
P/E Ratio
15.33
Market Cap
₹148.14 Cr
PAT Margin
32.99%
Debt/Equity
0.19
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Arihant Academy Limited | 55.4 | 27.15% | 31.18 | 15.04 | 15.04 |
| Veranda Learning Solutions Limited | 99.6 | 13.54% | — | 11.84 | 11.84 |
| Mps Limited | 349 | 29.05% | 18.42 | 102.11 | 102.11 |
| Physicswallah Limited | 15.8 | -15.96% | — | -0.8 | -0.8 |
| Fusion Klassroom Edutech Limited This IPO | 25.22 | 53.45% | — | 13.96 | 13.96 |
Promoters
Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company 2.36 2 Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure 6.71 3 Funding the capital expenditure towards Content Development 5.35 4 Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs 1.95 5 Expenditure towards marketing initiatives 5.22 6 Funding inorganic growth through unidentified acquisitions and general corporate purposes Total 21.59
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹4.62 Cr in 31 Mar 2024, rising to ₹10.11 Cr by 31 Mar 2025, and further increasing to ₹23.10 Cr by 31 Mar 2026. This shows a significant growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.34 Cr in 31 Mar 2024, increasing to ₹2.90 Cr by 31 Mar 2025, and further rising to ₹7.60 Cr by 31 Mar 2026. This indicates a strong upward trend in profitability across the periods.
Valuation
Fusion Klassroom Edutech Limited has an implied P/E of 15.33 at the issue price, compared to peers trading at a P/E range of 18.42 to 31.18.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the shares may list at a higher price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guarantee of listing performance.
Subscription Demand
As of 4th Aug 2026, the IPO was subscribed 1.5 times overall, with retail investors subscribing 1.8 times their portion. The Non-Institutional Investors (NII) segment saw a subscription of 1.47 times, while the Qualified Institutional Buyers (QIB) segment was fully subscribed at 1.0 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. Factors to consider include the company's growth potential, market conditions, and personal financial situations.
Who May Want to Wait
Investors who prefer stability and lower risk may want to avoid IPOs that are subject to high volatility or uncertainty. Those who are not comfortable with the risks associated with new market entrants should consider more established companies.
IPO Timeline, Explained
The IPO opens for subscription on 31st July 2026 and closes on 4th August 2026. Allotment of shares will be done on 5th August 2026, with the listing date scheduled for 7th August 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a higher price than the issue price. However, there are risks involved, as market conditions can change rapidly, and the stock may not perform as expected on the listing day.
This evaluation is generated from Fusion Klassroom Edutech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Fusion Klassroom Edutech IPO?
The price band of Fusion Klassroom Edutech IPO is ₹151.0–₹159.0 per share.
When does Fusion Klassroom Edutech IPO open and close?
Fusion Klassroom Edutech IPO opens on 31 July 2026 and closes on 04 August 2026.
When does Fusion Klassroom Edutech IPO list on the stock exchange?
Fusion Klassroom Edutech IPO listed on 07 August 2026 at ₹159.0.
What is the lot size for Fusion Klassroom Edutech IPO?
The lot size for Fusion Klassroom Edutech IPO is 800 shares, requiring a minimum investment of ₹254,400 (2 lots).
What is the lot size for this IPO?
The lot size for the Fusion Klassroom Edutech IPO is 800 shares.
What is the minimum investment required?
The minimum investment required is ₹254,400.
What is the price band for this IPO?
The price band for the Fusion Klassroom Edutech IPO is ₹151 to ₹159.
When is the listing date for this IPO?
The listing date for the IPO is 7th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Jul 2026
Close
04 Aug 2026
Allotment
05 Aug 2026
Listing
07 Aug 2026
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