Fusion Klassroom Edutech IPO GMP today is TBA. Investors can use this GMP along with price band and subscription status for a better IPO review.
Upcoming
SME IPO
KLASSROOM
Fusion Klassroom Edutech
Fusion Klassroom Edutech Limited operates a scalable, hybrid learning ecosystem in India, delivering academic education, competitive exam preparation, and skill development training. The company’s core business integrates an AI-powered Education OTT platform with a network of 30 offline partner centres, providing a multi-channel model that includes B2C, B2B, and B2G operations. Revenue is generated through digital subscriptions, course sales, offline centre fees, institutional licensing, and government project implementation. Its offerings span K–12 education, test preparation for exams like JEE and NEET, and vocational training in emerging technologies such as AI and machine learning. The company has executed large-scale educational initiatives with several state governments, including Rajasthan and Uttar Pradesh, and collaborates with national bodies like NSDC and TSSC. This model, combining digital content with a physical network of learning centres, allows Klassroom to provide accessible and affordable education across diverse geographies and socio-economic segments.
IPO Details
Complete IPO information
| Current GMP | - |
|---|---|
| Estimated Listing Gain | TBA |
| Price Band | ₹151.00 - ₹159.00 |
| Issue Price | ₹159.00 |
| Listing Price | TBA |
| Lot Size | 800 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹39.04 Cr |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 07 Aug 2026 |
| Minimum Investment | ₹2,54,400 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
31 Jul 2026
02
Bidding Closes
04 Aug 2026
03
Allotment
05 Aug 2026
04
Listing
07 Aug 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,600 | ₹2,54,400 |
| Retail Maximum | 2 Lot | 1,600 | ₹2,54,400 |
| S-HNI Minimum | 3 Lot | 2,400 | ₹3,81,600 |
| S-HNI Maximum | 7 Lot | 5,600 | ₹8,90,400 |
| B-HNI Minimum | 8 Lot | 6,400 | ₹10,17,600 |
Issue Notes
Important takeaways before applying
Strengths
- Operates a scalable hybrid learning platform with over 600,000 registered users.
- Owns a proprietary digital library with over 100 courses and 3,300 hours of content.
- Has proven execution capability for large-scale government projects across multiple states.
- Generates revenue through a diversified mix of online, offline, B2B, and B2G channels.
- Utilises a proprietary AI-powered Education OTT (over-the-top) platform.
Risks
- Significant revenue is geographically concentrated, with over 93% from three states.
- A substantial portion of revenue is derived from a limited number of B2B institutional partners.
- The business has a history of negative cash flows from investing activities.
- The company does not own any of the properties from which it operates.
- All company trademarks were previously registered in a promoter’s name.
Analysis
Fusion Klassroom IPO Details
Fusion Klassroom Limited is launching its Initial Public Offering (IPO) through the Book Built Issue route. The IPO comprises a combination of a Fresh Issue and an Offer for Sale (OFS). The fresh issue proceeds are expected to support the company's expansion plans, strengthen its financial position, and meet other corporate objectives, while the OFS enables existing shareholders to partially divest their holdings.
The equity shares of Fusion Klassroom Limited are proposed to be listed on the BSE SME platform. Investors can subscribe to the IPO during the announced bidding period within the specified price band.
| Particular | Details |
|---|---|
| IPO Open Date | July 31, 2026 |
| IPO Close Date | August 4, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹151 to ₹159 Per Share |
| Issue Size | Approx ₹39.04 Crores |
| Fresh Issue | Approx ₹31.63 Crores |
| Offer for Sale (OFS) | Approx 4,65,800 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
Analysis
Fusion Klassroom IPO Reservation
The Fusion Klassroom IPO follows the SEBI-prescribed allocation framework for a Book Built Issue. The issue is reserved across different investor categories, including Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), ensuring balanced participation from institutional and retail investors.
The category-wise reservation and the number of shares allocated to each investor segment are shown below.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | 6,96,800 Shares | 28.38% |
| QIB (Ex. Anchor) | 4,64,800 Shares | 18.93% |
| NII Shares Offered | 3,52,800 Shares | 14.37% |
| Retail Shares Offered | 8,17,600 Shares | 33.30% |
Note: The above reservation details are based on the proposed IPO structure. The final allocation may be revised in accordance with SEBI regulations and the basis of allotment after the issue closes.
Analysis
Fusion Klassroom IPO Anchor Investors
Fusion Klassroom Limited has reserved a portion of its IPO for Anchor Investors before the issue opens for public subscription. Anchor investors are institutional investors who participate in the IPO one working day before the public issue opens and help establish confidence in the offering.
The details of the anchor investor allocation, bidding schedule, lock-in periods, and other important information are provided below. The complete list of anchor investors will be available after the anchor allocation is finalized.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 30, 2026 |
| Anchor Investors List | |
| Shares Offered | 6,96,800 Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The anchor issue size and lock-in period end dates will be updated after the anchor allocation is completed. The final anchor investor list will be published in the official IPO allocation details.
Analysis
Fusion Klassroom IPO Dates
The Fusion Klassroom IPO will open for subscription on July 31, 2026 and close on August 4, 2026. After the bidding process concludes, the company is expected to finalize the basis of allotment on August 5, 2026, followed by refunds and credit of shares to successful applicants on August 6, 2026.
The equity shares of Fusion Klassroom Limited are proposed to be listed on the BSE SME platform on August 7, 2026. Investors should keep track of these important dates to monitor the application, allotment, and listing process.
| Event | Date |
|---|---|
| IPO Open Date | July 31, 2026 |
| IPO Close Date | August 4, 2026 |
| Basis of Allotment | August 5, 2026 |
| Refunds | August 6, 2026 |
| Credit to Demat Account | August 6, 2026 |
| IPO Listing Date | August 7, 2026 |
Note: The above IPO schedule is tentative and may be revised by the company, registrar, or stock exchange. Investors are advised to refer to the official announcements for any changes in the IPO timeline.
Analysis
Fusion Klassroom IPO Promoters and Holding Pattern
The promoters of Fusion Klassroom Limited are Alka Nikhil Javeri, Dhruv Nikhil Javeri, and Dhumil Nikhil Javeri. The promoters have played an important role in establishing and expanding the company's presence in the education and training sector through strategic leadership and business development.
Following the IPO, the promoters' shareholding will be diluted due to the fresh issue of equity shares. However, they will continue to hold a significant ownership stake in the company, reflecting their long-term commitment to the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 73,27,473 | 55.07% |
| Promoter Holding Post Issue | 93,16,873 | 39.53% |
Note: The post-issue promoter shareholding is based on the proposed IPO structure and may vary depending on the final issue size, allotment, and completion of the public issue.
Analysis
Fusion Klassroom IPO Objects of the Issue & Utilisation of Proceeds
Fusion Klassroom Limited intends to utilize the net proceeds from its IPO to strengthen its technology infrastructure, expand educational content, improve learning facilities, and support future business growth. The company also plans to reduce its debt burden by repaying a portion of its existing borrowings, thereby improving its financial position.
A significant share of the proceeds will be invested in AI and machine learning (AI/ML) technology, cloud infrastructure, marketing initiatives, and capital expenditure for new offline learning centres. These investments are expected to enhance the company's digital capabilities and support long-term expansion across the education sector.
| Purpose | Amount |
|---|---|
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹2.36 Crores |
| Expenditure towards Technology & AI/ML Model Development, Servers and Cloud Infrastructure | ₹6.71 Crores |
| Funding the capital expenditure towards Content Development | ₹5.35 Crores |
| Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML Labs | ₹1.95 Crores |
| Expenditure towards Marketing Initiatives | ₹5.22 Crores |
| Funding inorganic growth through unidentified acquisitions and General Corporate Purposes | ₹- |
Note: The utilization of IPO proceeds is based on the objectives disclosed in the Draft Red Herring Prospectus (DRHP)/Red Herring Prospectus (RHP). The final deployment of funds will be carried out in accordance with SEBI regulations and the company's approved business strategy.
Analysis
About Fusion Klassroom IPO
Fusion Klassroom Edutech Ltd. is an education technology company focused on providing professional and competitive examination coaching through digital and hybrid learning models across multiple cities. The company was founded in 2016.
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.
Their business models include: B2C – Education OTT & Offline Learning, Skill Development & Employability Programs, B2B2C, B2B & B2G Institutional Partnerships.
Fusion Klassroom Edutech Ltd. reported strong growth between the financial years ending March 31, 2025, and March 31, 2026. Its revenue increased by 129%, while its profit after tax (PAT) grew by 162%.
Analysis
Fusion Klassroom IPO Company Financial Report
Fusion Klassroom Limited has reported strong financial growth over the last three financial years, reflecting the rapid expansion of its education technology business. The company has achieved substantial growth in revenue while significantly improving its profitability, indicating efficient operations and increasing demand for its educational services and technology-driven learning platforms.
The financial summary below presents the company's revenue, expenses, Profit After Tax (PAT), and total assets for the reported financial years. These figures provide investors with valuable insights into Fusion Klassroom's financial performance prior to its IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹4.62 Cr. | ₹4.19 Cr. | ₹0.34 Cr. | ₹4.48 Cr. |
| 2025 | ₹10.11 Cr. | ₹7.01 Cr. | ₹2.90 Cr. | ₹12.06 Cr. |
| 2026 | ₹23.10 Cr. | ₹13.59 Cr. | ₹7.60 Cr. | ₹25.46 Cr. |
Amount in ₹ Crores: The above financial figures are based on the financial statements disclosed by Fusion Klassroom Limited in its IPO documents. They provide a summary of the company's historical financial performance before the public issue.
Analysis
Fusion Klassroom IPO Valuation – FY2026
The valuation metrics of Fusion Klassroom Limited provide investors with a clear understanding of the company's profitability, financial efficiency, and overall business performance before the IPO. Important indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) help investors assess the company's financial strength.
Based on the FY2026 financial performance, Fusion Klassroom has reported strong profitability, healthy operating margins, and robust returns on equity. The final Price-to-Earnings (P/E) ratio will be determined after the IPO price is finalized and the company's post-listing valuation is established.
| KPI | Values |
|---|---|
| ROE | 53.45% |
| ROCE | 45.60% |
| EBITDA Margin | 56.38% |
| PAT Margin | 32.99% |
| Debt to Equity Ratio | 0.19 |
| Earning Per Share (EPS) | ₹13.96 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 53.45% |
| Net Asset Value (NAV) | ₹25.22 |
Note: The above valuation figures are based on the FY2026 financial statements of Fusion Klassroom Limited. The final P/E ratio will be calculated after the IPO price band is finalized and the shares are listed on the stock exchange.
Analysis
Fusion Klassroom IPO Peer Group Comparison
Fusion Klassroom Limited operates in the education and EdTech sector, where investors often compare its financial performance with other listed education companies. A peer group comparison provides valuable insights into how the company measures up in terms of Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income.
The following table compares Fusion Klassroom with selected listed peers based on their latest available financial information. This comparison helps investors evaluate the company's relative financial position before making an investment decision.
| Company | EPS | P/E Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Physicswallah Limited | (0.08) | NA | (15.96%) | 15.80 | ₹3,899.54 Cr. |
| MPS Limited | 102.11 | 18.42 | 29.05% | 349.00 | ₹768.40 Cr. |
| Veranda Learning Solutions Limited | 11.84 | NA | 13.54% | 99.60 | ₹481.51 Cr. |
| Arihant Academy Limited | 15.04 | 31.18 | 27.15% | 55.40 | ₹63.43 Cr. |
Note: The peer comparison is based on the latest publicly available financial data of the respective companies. Investors should evaluate Fusion Klassroom's business model, growth prospects, profitability, valuation, and competitive position along with these peer metrics before making an investment decision.
Analysis
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd.
FAQ
Fusion Klassroom Edutech IPO FAQs
Fusion Klassroom Edutech IPO price band is Rs 151.00 to Rs 159.00. Check the latest issue price, lot size and GMP together before applying.
Fusion Klassroom Edutech IPO open date is 31 Jul 2026, close date is 04 Aug 2026, and listing date is 07 Aug 2026.
Fusion Klassroom Edutech IPO lot size is 800 shares. The minimum retail investment is Rs 2,54,400.
Fusion Klassroom Edutech is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Fusion Klassroom Edutech IPO subscription status currently shows Subscription data is currently awaited.
Fusion Klassroom Edutech Limited operates a scalable, hybrid learning ecosystem in India, delivering academic education, competitive exam preparation, and skill development training. The company’s core business integrates an AI-powered Education OTT platform with a network of 30 offline partner centres, providing a multi-channel model that includes B2C, B2B, and B2G operations. Revenue is generated through digital subscriptions, course sales, offline centre fees, institutional licensing, and government project implementation. Its offerings span K–12 education, test preparation for exams like JEE and NEET, and vocational training in emerging technologies such as AI and machine learning. The company has executed large-scale educational initiatives with several state governments, including Rajasthan and Uttar Pradesh, and collaborates with national bodies like NSDC and TSSC. This model, combining digital content with a physical network of learning centres, allows Klassroom to provide accessible and affordable education across diverse geographies and socio-economic segments.
Fusion Klassroom Edutech IPO issue size is 39.04 and the expected allotment date is 05 Aug 2026.