Fusion Klassroom Edutech
- Issue price
- ₹ 159
- Issue size
- ₹ 39.04 Cr.
- Min. investment
- ₹ 1,27,200
- Listing price
- ₹ 170
- Subscribed
- 1.46x
- Lot size
- 800 shares
- P/E
- 19.49
- RoNW
- 53.45%
- RoCE
- 45.60%
- PAT margin
- 32.99%
- EPS
- ₹ 8.16
- Promoter stake
- 39.53%
About
Incorporated in 2016, 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 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. 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 company operates a proprietary AI-powered Education OTT platform offering live and recorded learning through Klassroom Konnect, serving millions of learners with over 100,000 app downloads. 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. As of July 22, 26, the company had a total workforce of 26 personnel. 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.
Timeline
- doneOpens31 Jul
- doneCloses4 Aug
- doneAllotment5 Aug
- doneListing7 Aug
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 9 on 30 Jul 2026
- Lowest
- ₹ 0 on 23 Jul 2026
- First quoted
- ₹ 0 on 23 Jul 2026
Subscription
How many times each investor group bid for its share, as of 08 Aug 2026, 03:10 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 800 | ₹ 1,27,200 |
| Retail (Max) | 1 | 800 | ₹ 1,27,200 |
| HNI (Min) | 2 | 1,600 | ₹ 2,54,400 |
Company overview
Financials
| Assets | 25.46 | 12.06 | 4.48 |
| Total Income | 23.1 | 10.11 | 4.62 |
| Profit After Tax | 7.6 | 2.9 | 0.34 |
| EBITDA | 12.99 | 4.06 | 1.02 |
| NET Worth | 18.41 | 10.03 | 3.92 |
| Reserves and Surplus | 11.09 | 10.01 | 3.9 |
| Total Borrowing | 3.43 | 1.01 | 0.32 |
Strengths
- Proprietary AI-powered Education OTT platform with a hybrid online-plus-offline learning model.
- Multiple revenue streams across B2C subscriptions, offline centres, and B2B/B2G institutional partnerships.
- Fast recent growth in revenue and profitability off a small base.
- Affordable pricing widening addressable market across academic and skill-development courses.
Risks
- Small SME issue in a highly competitive, fragmented ed-tech market with well-funded players.
- Rapid recent growth (PAT ₹0.34 cr to ₹7.60 cr) is off a small base and may not be sustainable.
- Depends on continued student enrolments, faculty retention and ongoing technology investment.
- B2G/B2B institutional contracts can be lumpy and slow to convert.
- SME listing — lower liquidity and higher volatility.
What the money is for
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | 2.36 |
| Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure | 6.71 |
| Funding the capital expenditure towards Content Development | 5.35 |
| Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs | 1.95 |
| Expenditure towards marketing initiatives | 5.22 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | — |
Promoters
- Alka Nikhil Javeri
- Dhruv Nikhil Javeri
- Dhumil Nikhil Javeri
Registrar, lead managers and documents
- Listing on
- BSE SME
- Face value
- ₹ 10 a share
- Registrar
- Maashitla Securities Private Limited
- Lead managers
- Narnolia Financial Services Ltd
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.