Fusion Klassroom Edutech Limited
Bookbuilding IPO · BSE
- Price band
- ₹151 - ₹159
- Lot size
- 800 shares
- Issue amount
- ₹39.03 cr
- Total subscription
- 1.58×
- Opens
- 31 Jul 2026
- Closes
- 4 Aug 2026
- Allotment
- 5 Aug 2026
- Listing
- 7 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 24,55,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,800
- Fresh issue
- ₹31.63 cr
- Offer for sale
- ₹7.4 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,27,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 73,27,473
- Shares after issue
- 93,16,873
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,600 | ₹2,54,400 |
| sHNI | 3 | 2,400 | ₹3,81,600 |
| bHNI | 8 | 6,400 | ₹10,17,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 4 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 3 |
| NIB | 0 | 111 |
| RETAIL | 511 | 918 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 98 | 41 |
| HNIs (2-10L) | 49 | 70 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.39 | 7.39 |
| FIIs | 0 | 5.89 |
| Others | 0 | 1.5 |
| RETAIL | 13 | 23.35 |
| NIB | 5.61 | 10.21 |
| HNIs 2+ | 1.87 | 2.77 |
| HNIs 10+ | 3.74 | 7.44 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 13.96 | 5.36 | 0.63 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 53.45 | 41.66 | 13.08 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| MPS Limited | 21.39 | 1,878.00 | 10 | 279.69 | 31.12 | 87.8 |
| Fusion Klassroom Edutech Limited | 0 | 0 | 10 | 25.22 | 53.45 | 13.96 |
| Physicswallah Limited | 0 | 119.5 | 10 | 15.8 | -15.96 | -0.86 |
| Veranda Learning Solutions Limited | 0 | 202.8 | 10 | 34.54 | -97.93 | -34.73 |
| Arihant Academy Limited | 61.99 | 455 | 10 | 41.35 | 13.80 | 7.34 |
Company information
Company profile
Fusion Klassroom Edutech Ltd. is an Indian edtech company that provides coaching for professional and competitive exams through a mix of online and offline learning. It offers courses for CA, CS, CMA, and other commerce-related exams, combining classroom teaching with digital platforms for better flexibility and access. The company operates a hybrid model with 30 offline partner centres and an AI-powered education app that offers 100+ courses, along with a large user base across India. Its business includes a subscription-based OTT platform for students, affordable coaching programs, and skill development courses in areas like AI, data science, and coding to improve job readiness. It also partners with governments, institutions, and companies to deliver education and training programs at scale, including digital content, teacher training, and AI-based learning solutions.
Strengths
- High-Margin Digital Business Model: The company's AI-powered Education OTT platform operates on an asset-light model, allowing scalable growth with strong profit potential.
- Diversified Revenue Streams: Revenue comes from multiple sources, including online subscriptions, coaching centres, institutional licensing, government projects, NGOs, and corporate partnerships, reducing dependence on any single segment.
- Profitable Operations: The company has reported positive EBITDA and profit after tax (PAT), reflecting efficient operations and disciplined capital management.
Risk factors
- Dependence on Leased Properties: The company operates from leased premises. Any difficulty in renewing leases or increases in rental costs could affect operations and expenses.
- Negative Operating Cash Flows: The company has reported negative operating cash flows in recent years, which may impact liquidity and future expansion plans.
- Geographical Concentration Risk: A significant portion of revenue comes from Uttar Pradesh, Rajasthan, and Maharashtra. Any adverse developments in these states could affect business performance and financial results.
Promoters
Mrs. Alka Nikhil Javeri
Mr. Dhruv Nikhil Javeri
Mr. Dhumil Nikhil Javeri
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Matruprabha, Plot No-78, CTS No-2731, Daulat Nagar Road 7, Borivali East Mumbai, Maharashtra, 400066
8655678159
[email protected]Company website ↗Understanding KLASSROOM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.