Fusion Klassroom Edutech IPO: dates, price band, lot size and GMP
Fusion Klassroom Edutech IPO listed on 7 Aug at ₹170 (BSE SME). Issue dates 31 Jul – 4 Aug 2026, price band ₹159, lot 800 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Fusion Klassroom Edutech listed on 7 Aug 2026 on BSE SME at ₹170, +₹11 (+6.9%) against the ₹159 upper band. Fusion Klassroom Edutech IPO listing date, price and gain · Recently listed IPOs
Updated 21 Oct 2026, 16:01 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 211 IPOs on its calendar; the Fusion Klassroom Edutech IPO has a price band of ₹159, a lot of 800 shares and no grey-market premium reported yet as of 21 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 31 Jul – 4 Aug 2026 |
| Price band | ₹159 |
| Lot size | 800 shares |
| Issue size | ₹39.04 Cr |
| Fresh issue | ₹29.67 Cr |
| Offer for sale | ₹7.41 Cr |
| Subscription | 1.5x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Narnolia Financial Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 31 Jul
- Issue closes: 4 Aug
- Allotment: 5 Aug
- Refunds: 6 Aug
- Demat credit: 6 Aug
- Listing: 7 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1x |
| NII | 1.47x |
| sNII | 1.48x |
| bNII | 1.47x |
| Retail | 1.8x |
| Total | 1.5x |
Last updated 4 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹148.14 Cr |
| P/E (pre-issue) | 15.33x |
| P/E (post-issue) | 19.49x |
| Fresh issue (shares) | 18,66,200 |
| Offer for sale (shares) | 4,65,800 |
| Total shares offered | 23,32,000 |
| Promoter holding pre-issue | 55.07% |
| Promoter holding post-issue | 39.53% |
| Promoters | Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri |
| Lead managers | Narnolia Financial Services Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | investor.ipo@maashitla.com |
| Company website | klassroom.in |
| Anchor bid date | 30 Jul 2026 |
| Anchor lock-in ends (50%) | 4 Sep 2026 |
| Anchor lock-in ends (remaining) | 3 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 1,600 | ₹2,54,400 |
| Retail (maximum) | 2 | 1,600 | ₹2,54,400 |
| sNII (minimum) | 3 | 2,400 | ₹2,54,400 |
| bNII (minimum) | 3 | 2,400 | ₹10,17,600 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 6,96,800 | |
| QIB | 19.9% | 4,64,800 | Not more than 50% of the Net Offer |
| NII (HNI) | 15.1% | 3,52,800 | Not less than 15% of the Net Offer |
| sNII | 5% | 1,17,600 | |
| bNII | 10.1% | 2,35,200 | |
| Retail | 35.1% | 8,17,600 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 1,23,200 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 31 Jul | 0.68x | 0.52x | 0.02x | 0.77x | 0.97x | 0.79x |
| Day 2 · 3 Aug | 0.68x | 0.55x | 0.20x | 0.77x | 1.32x | 0.97x |
| Day 3 · 4 Aug | 1.00x | 1.47x | 1.48x | 1.47x | 1.80x | 1.50x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹10.37 |
|---|---|
| EPS (post-issue) | ₹8.16 |
| P/E (pre-issue) | 15.33x |
| P/E (post-issue) | 19.49x |
| RoNW | 53.45% |
| RoCE | 45.6% |
| RoE | 53.45% |
| PAT margin | 32.99% |
| EBITDA margin | 56.38% |
| Price / book | 6.3x |
| NAV per share | ₹25.22 |
| Debt / equity | 0.19 |
| Market cap (upper band) | ₹148.14 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 25.46 | 12.06 | 4.48 | +111.1% |
| Total Income | 23.1 | 10.11 | 4.62 | +128.5% |
| Profit After Tax | 7.6 | 2.9 | 0.34 | +162.1% |
| EBITDA | 12.99 | 4.06 | 1.02 | +220% |
| NET Worth | 18.41 | 10.03 | 3.92 | +83.5% |
| Reserves and Surplus | 11.09 | 10.01 | 3.9 | +10.8% |
| Total Borrowing | 3.43 | 1.01 | 0.32 | +239.6% |
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 - 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.
Objects of the issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company — ₹2.36 Cr
- Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure — ₹6.71 Cr
- Funding the capital expenditure towards Content Development — ₹5.35 Cr
- Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs — ₹1.95 Cr
- Expenditure towards marketing initiatives — ₹5.22 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Net proceeds: ₹21.59 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Fusion Klassroom Edutech Limited (issuer) | 13.96 | 13.96 | 25.22 | — | 53.45% | — | Consolidated |
| Physicswallah Limited | −0.8 | −0.8 | 15.8 | — | −15.96% | 7.93 | Consolidated |
| Mps Limited | 102.11 | 102.11 | 349 | 18.42x | 29.05% | 5.38 | Consolidated |
| Veranda Learning Solutions Limited | 11.84 | 11.84 | 99.6 | — | 13.54% | 2.04 | Consolidated |
| Arihant Academy Limited | 15.04 | 15.04 | 55.4 | 31.18x | 27.15% | 8.27 | Consolidated |
Notes: EPS is taken from audited financial statement P/E Ratio has been computed based on the closing market price of equity shares on NSE/BSE on June 30, 2026 divided by the Basic EPS as at March 31, 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Fusion Klassroom Edutech IPO open and close?
The issue is scheduled for 31 Jul – 4 Aug 2026.
What is the Fusion Klassroom Edutech IPO price band?
The price band is ₹159 per share with a lot size of 800 shares.
How big is the Fusion Klassroom Edutech IPO?
The total issue size is ₹39.04 Cr, of which ₹29.67 Cr is a fresh issue and ₹7.41 Cr an offer for sale.
When will Fusion Klassroom Edutech list?
The tentative listing date is 7 Aug on the SME platform.
How do I apply for the Fusion Klassroom Edutech IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Fusion Klassroom Edutech · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Fusion Klassroom Edutech · as filed · bseindia.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 5 Aug · maashitla.com
- BSE SME issues page · listing 7 Aug · bsesme.com
- Fusion Klassroom Edutech company website · klassroom.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 7 Aug, 04:05 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Fusion Klassroom Edutech IPO”, https://buyunlistedshares.com/ipo/fusion-klassroom-edutech-ipo, as of 21 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 21 Oct 2026.
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