About Fusion Klassroom Edutech IPO
Fusion Klassroom Edutech IPO Details
Fusion Klassroom Edutech IPO is a 100% book-built offer of 24.55 lakh equity shares worth up to ₹39 crore, comprising a fresh issue of ₹30 crore and an offer for sale (OFS) of ₹7 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on February 18, 2026.
The price band of the issue is set between ₹151 to ₹159 per share and the lot size for an application is 800 shares. The minimum amount of investment required by an individual investor is ₹2,54,000 (1,600 shares). The IPO will be open for subscription from July 31 to August 4, 2026, on the BSE SME platform, with a tentative listing date fixed as August 7, 2026. The book-running lead manager of the issue is Narnolia Financial Services Ltd., while the registrar to the offer is Maashitla Securities Pvt. Ltd.
Fusion Klassroom Edutech IPO Date & Timeline
The Fusion Klassroom Edutech IPO is officially set to open for subscription on Jul 31, 2026 and will close on Aug 4, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on February 18, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Aug 5, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Aug 6, 2026. Finally, shares of Fusion Klassroom Edutech Ltd. are tentatively scheduled to list on the stock exchanges on Aug 7, 2026.
Fusion Klassroom Edutech IPO Timeline
| IPO Open Date | Fri, Jul 31, 2026 |
| IPO Close Date | Tue, Aug 4, 2026 |
| Basis of Allotment | Sun, Jul 5, 2026 |
| Initiation of Refunds | Thu, Aug 6, 2026 |
| Credit of Shares to Demat | Thu, Aug 6, 2026 |
| Listing Date | Fri, Aug 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Fusion Klassroom Edutech IPO Details
| Detail | Description |
|---|---|
| IPO Date | 31 Jul to 4 Aug, 2026 |
| Listing Date | 7 Aug, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 151 to ₹ 159 |
| Lot Size | 800 Shares |
| Sale Type | Fresh Issue + Offer For Sale |
| Total Issue Size | 24,55,200 shares (agg. up to ₹ 39 Cr) |
| Reserved for Market Maker | 1,23,200 shares (agg. up to ₹ 2 Cr) PUNE E-STOCK BROKING Ltd. |
| Fresh Issue(Ex Market Maker) | 18,66,200 shares (agg. up to ₹ 30 Cr) |
| Offer for Sale | 4,65,800 shares of ₹10 (agg. up to ₹ 7 Cr) |
| Net Offered to Public | 23,32,000 shares (agg. up to ₹ 37 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 73,27,473 shares |
| Share Holding Post Issue | 93,16,873 shares |
Fusion Klassroom Edutech IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Fusion Klassroom Edutech IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹159, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹159 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 800 shares.
Fusion Klassroom Edutech GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Jul, 2026 | ₹159 | ₹0 | 23 Jul, 202610:21 AM |
Company Background
Fusion Klassroom Edutech Ltd. was incorporated in November 2016 as a private limited company and began as an innovative education technology platform in Mumbai, Maharashtra. Over the years, it expanded its operations from core digital learning tools to a hybrid education model. Then, in November 2025, the company transformed into a public limited company to proceed with its public listing procedures.
The firm has built a growing geographic presence across multiple strategic Indian states. It focuses on bridging the gap between digital accessibility and physical classroom instruction. From 2017 to 2020, the company expanded over 20 learning centres and introduced various workshops to enhance the quality of enrolments and the classroom.
Operations & Product Range
The operational structure of Fusion Klassroom Edutech Ltd. relies on a blended learning system that offers both online digital resources and offline learning facilities. Its main solutions target K-12 education, competitive test preparation and skill enhancement programs. The services of Fusion Klassroom are delivered via mobile applications, Learning Management Systems (LMS) and interactive tech-enabled physical centers. The business caters primarily to students, parents and partner learning centers seeking structured academic content.
Facilities & Capacity
Fusion Klassroom Edutech Ltd. operates a corporate and registered office in Mumbai. As of March 2026, its network includes 30 offline learning centers supported by 63 faculty members and a content library of over 129 specialized courses. Its operational capacity is scaled through cloud-hosted platforms, mobile infrastructure and expanding physical centers. The growth plans of the company mainly focus on increasing regional center footprints and boosting server and streaming capabilities to accommodate higher user volumes.
Brands & Market Presence
Fusion Klassroom Edutech Ltd. offers its programs under the brand name "Klassroom," which delivers localized educational content and structured learning solutions. The market reach of Fusion Klassroom is predominantly concentrated in northern and western India, with major revenue contributions originating from Uttar Pradesh, Maharashtra and Rajasthan. The platform has achieved significant digital engagement, recording over 150,000 application downloads and building a user registry of over 650,000 students.
Revenue Streams & Business Model
The primary source of income of Fusion Klassroom Edutech Ltd. is derived from course fees across its online subscription models and offline center enrollments. Mainly, the online subscriptions focus on mass-market accessibility with lower per-user charges, whereas offline centers generate higher average revenues per student. Specifically, on a regional basis, Uttar Pradesh generated 42.60% of revenues in FY26, followed by Maharashtra at 26.76%, Rajasthan at 24.00% and Haryana at 5.64%. Operations are centered inside domestic Indian markets with negligible export operations.
Financial Performance
Fusion Klassroom Edutech Ltd.’s total revenue from operations reached ₹2,303.95 lakhs in FY26, representing substantial growth from ₹1,008.65 lakhs in FY25. While the operating efficiency expanded alongside top-line growth, backed by higher learner adoption rates. The offline learning centers present a highly profitable revenue stream due to higher average realization per user, balancing the high-volume, low-cost online digital subscriber stream. Net operating cash flow turned positive at ₹1,071.40 lakhs in FY26.
Management & Shareholding
Fusion Klassroom Edutech Ltd.’s promoter group consists of Mrs. Alka Nikhil Javeri, Mr. Dhruv Nikhil Javeri and Mr. Dhumil Nikhil Javeri. Before the IPO, the promoters held a 54.73% stake and the promoter group held a 0.34% stake, while the top 10 shareholders held a 22.50% stake in the company; but after the IPO, the shareholders’ shareholding will be diluted as the offering includes an offer for sale of 4.65 lakh equity shares by their existing shareholders.
Board & Key Management
The leadership of Fusion Klassroom Edutech Ltd. is led by a team of experts with many years of experience. Mrs. Alka Nikhil Javeri serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Mr. Dhruv Nikhil Javeri and Mr. Dhumil Nikhil Javeri, the Managing Director, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Fusion Klassroom Edutech IPO Financial Information
Latest Revenue
23.04
₹ Crore
Profit After Tax
7.60
₹ Crore
Net Worth
18.41
₹ Crore
Total Borrowing
3.43
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 25.46 | 23.04 | 7.60 | 18.41 | 11.09 | 3.43 | |||
| 31 Mar 2025 | 12.06 | 10.09 | 2.90 | 10.03 | 10.01 | 1.01 | |||
| 31 Mar 2024 | 4.48 | 4.58 | 0.34 | 3.92 | 3.90 | 0.32 | |||
| Amount in ₹ Crore | |||||||||
Fusion Klassroom Edutech Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 53.45 % |
| ROCE | 45.60 % |
| Debt/Equity | 0.19 |
| RoNW | 53.45 % |
| PAT Margin | 32.99 % |
| EBITDA Margin | 56.38 % |
| Price to Book Value | - |
Fusion Klassroom Edutech IPO Objectives
The company intended to utilise the Fusion Klassroom Edutech IPO proceeds for strategic purposes:
- Repayment or prepayment of debt (in part or in full)
- Funding the expenditure of technology & AI/ML model development, servers and Cloud infrastructure
- Funding the expense of Content Development & Marketing initiatives
- Purchase of Desktops and laptops for its offline centers
- General corporate purposes
Fusion Klassroom Edutech IPO Review
Fusion Klassroom Edutech Ltd. operates within the competitive EdTech and supplementary education industry in India. The organisation's hybrid learning framework balances scalable digital delivery with localized physical center engagement. This positioning allows the business to address demand across Tier-2 and Tier-3 urban markets.
Financially, the business has demonstrated rapid revenue expansion over the past three fiscal periods, rising from ₹458.30 lakhs in FY24 to ₹2,303.95 lakhs in FY26. Operating cash flow generation reached ₹1,071.40 lakhs in the recent fiscal year.
However, the investors must be aware that the key operational strengths include a growing subscriber base and an established presence in states like Uttar Pradesh and Maharashtra. Also, the potential risks include geographic revenue concentration, high customer acquisition costs and intense competitive pressures within the EdTech sector. Overall, the IPO reflects a growing regional footprint backed by a hybrid operational framework. But investors must review the issue to evaluate its financial expansion against sector dynamics and operational concentration risks.
Conclusion
Fusion Klassroom Edutech IPO is an opportunity for investors to invest in a growing company that presents a blend of physical classroom instruction and digital delivery scaled across key Indian states. Supported by a strong user registry and growing operational cash flow, the company focuses on deepening its footprint in the regional education market. Evaluating the IPO involves weighing its top-line growth trajectory alongside geographic risks and broader sector dynamics.
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Competitive Strengths
Established hybrid education model combining scalable digital platforms with localized physical centers.
Strong top-line growth with operating revenue expanding over 4-fold between FY24 and FY26.
Significant digital outreach with over 150,000 app downloads and a total registered user base exceeding 650,000.
Diversified revenue streams combining high-volume online subscriptions with higher-realisation offline enrollments.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | 254400 |
| Individual investors (Retail) (Max) | 2 | 1600 | 254400 |
| S-HNI (Min) | 3 | 2400 | 381600 |
| S-HNI (Max) | 7 | 5600 | 890400 |
| B-HNI (Min) | 8 | 6400 | 1017600 |