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FUSION KLASSROOM EDUTECH IPO

ALREADY DEPARTEDBSE SME · SME · EDUCATION
INDICATIVE FARE / PRICE BAND
₹159
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 15 AUG 2026, 08:03 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹159
LOT SIZE
800 SHARES
ISSUE SIZE
₹39.04 CR
MIN INVESTMENT
₹1,27,200 · 800 SHARES
P/E RATIO
15.33
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
31 JUL 26
✓ STOP CLEARED
CLOSES
04 AUG 26
✓ STOP CLEARED
ALLOTMENT
05 AUG 26
✓ STOP CLEARED
LISTING
07 AUG 26
✓ STOP CLEARED
ANCHOR BIDDING30 JUL 26REFUNDS INITIATED06 AUG 26SHARES IN DEMAT06 AUG 26ANCHOR LOCK-IN ENDS · 30 DAY04 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY03 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹170
DAY-1 LISTING GAIN
+6.92%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION1.5×
QIB
NII1.47×
SMALL HNI1.48×
BIG HNI1.47×
RETAIL1.8×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · AS PUBLISHED21,600₹2,54,400
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹159 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹29.67 CR
18,66,200 SHARES
OFFER FOR SALE
₹7.41 CR
4,65,800 SHARES
TOTAL SHARES OFFERED
23,32,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
10.37
EPS · POST-ISSUE
8.16
P/E RATIO
15.33
P/E · POST-ISSUE
19.49
RONW
53.45%
ROCE
45.6%
ROE
53.45%
PAT MARGIN
32.99%
EBITDA MARGIN
56.38%
PRICE / BOOK
6.3
NAV PER SHARE
₹25.22
DEBT / EQUITY
0.19
MARKET CAP
₹148.14 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS4.4812.0625.46
TOTAL INCOME4.6210.1123.1
PROFIT AFTER TAX0.342.97.6
EBITDA1.024.0612.99
NET WORTH3.9210.0318.41
RESERVES AND SURPLUS3.910.0111.09
TOTAL BORROWING0.321.013.43
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Fusion Klassroom Edutech Limited · THIS ISSUER13.9613.9625.2253.45Consolidated
Physicswallah Limited-0.8-0.815.8-15.967.93Consolidated
Mps Limited102.11102.1134918.4229.055.38Consolidated
Veranda Learning Solutions Limited11.8411.8499.613.542.04Consolidated
Arihant Academy Limited15.0415.0455.431.1827.158.27Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

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.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company2.36
Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure6.71
Funding the capital expenditure towards Content Development5.35
Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs1.95
Expenditure towards marketing initiatives5.22
Funding inorganic growth through unidentified acquisitions and general corporate purposes
INR CR 21.59 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
6,96,800
SHARES
QIB
4,64,800
Not more than 50% of the Net Offer
NII (HNI)
3,52,800
Not less than 15% of the Net Offer
SNII
1,17,600
SHARES
BNII
2,35,200
SHARES
RETAIL
8,17,600
Not less than 35% of the Net Offer
MARKET MAKER
1,23,200
SHARES
23,32,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri
HOLDING PRE-ISSUE
55.07%
HOLDING POST-ISSUE
39.53%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Narnolia Financial Services Ltd.
REGISTRAR TO THE ISSUE
NAME
Maashitla Securities Pvt.Ltd.
PHONE
011-45121795
THE COMPANY
PHONE
8655678159
REGISTERED OFFICE
Matruprabha, Plot No-78, CTS No-2731, Daulat Nagar Road 7, Borivali East, Mumbai, Maharashtra, 400066
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Fusion Klassroom Edutech IPO price band?+

The indicative price band is ₹159 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Fusion Klassroom Edutech IPO?+

One lot is 800 shares. At the upper band of ₹159, one lot works out to ₹1,27,200.

When does the Fusion Klassroom Edutech IPO open and close?+

The issue opened on 31 Jul 2026 and closed on 04 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Fusion Klassroom Edutech IPO allotment?+

Allotment is scheduled for 05 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Fusion Klassroom Edutech list?+

Listing took place on 07 Aug 2026 on BSE SME.

Where will Fusion Klassroom Edutech be listed?+

Fusion Klassroom Edutech is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Fusion Klassroom Edutech IPO?+

The issue size is ₹39.04 Cr — a fresh issue of ₹29.67 cr and an offer for sale of ₹7.41 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Fusion Klassroom Edutech IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

How was the Fusion Klassroom Edutech IPO subscribed?+

The issue was subscribed 1.5× overall. By category: qib 1×, nii 1.47×, small hni 1.48×, big hni 1.47×, retail 1.8×. Subscription figures are as reported by the exchanges.

At what price did Fusion Klassroom Edutech list?+

Fusion Klassroom Edutech listed at ₹170, +6.92% against the issue price.

Who is the registrar for the Fusion Klassroom Edutech IPO?+

The registrar to the issue is Maashitla Securities Pvt.Ltd. (011-45121795), investor.ipo@maashitla.com.

Where can I check the Fusion Klassroom Edutech IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://maashitla.com/allotment-status/public-issues. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Fusion Klassroom Edutech IPO?+

The P/E ratio on file for this issue is 15.33, and the post-issue P/E is 19.49, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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