Fusion Klassroom IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 4 | Day 5 |
|---|---|---|---|
| QIB | 0.68x | 0.68x | 1.00x |
| NII | 0.52x | 0.90x | 1.82x |
| bNII > ₹10L | 0.77x | 1.25x | 1.99x |
| sNII 2-10L | 0.02x | 0.20x | 1.48x |
| Retail | 0.97x | 1.32x | 1.79x |
| Total | 0.79x | 1.05x | 1.57x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 4.62 | 10.11 | 23.10 |
| Expense | 4.19 | 7.01 | - |
| Profit (PAT) | 0.34 | 2.90 | 7.60 |
| Total Assets | 4.48 | 12.06 | 25.46 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Fusion Klassroom This IPO | 13.96 | - | 53.45 | 25.22 | - |
| Physicswallah Limited | -0.08 | - | -15.96 | 15.80 | 3,899.54 Cr |
| MPS Limited | 102.11 | 18.42 | 29.05 | 349.00 | 768.40 Cr |
| Verand Learning Solutions Limited | 11.84 | - | 13.54 | 99.60 | 481.51 Cr |
| Arihant Academy Limited | 15.04 | 31.18 | 27.15 | 55.40 | 63.43 Cr |
Promoters & Holding Pattern
Promoters: Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 73,27,473 | 55.07% |
| Promoter Holding Post Issue | 93,16,873 | 39.53% |
Strengths & Risks
- Revenue grew 128% in the latest reported year.
- Solid profit margin — 32.9%.
- Strong return on equity — 53%.
- Low leverage — debt/equity of 0.19.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Promoter stake drops to 40% after the issue.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Fusion Klassroom
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%.
Company Contact Information
Fusion Klassroom Edutech Ltd., Matruprabha, Plot No-78,, CTS No-2731,, Daulat Nagar Road 7, Borivali East, Mumbai, Maharashtra, 400066
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| 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 | - |
Resources & Documents
Anchor Investors
Fusion Klassroom IPO - Quick Take
Fusion Klassroom has set a price band of Rs 151–Rs 159 per share for an issue size of Rs 39 crore. The stock listed with a 6.92% gain versus its issue price on August 07, 2026.
The issue is promoted by Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri with Narnolia Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company (Rs 2 crore) and expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure (Rs 7 crore).
On fundamentals, the company is posting revenue growth of 128.5%, a profit margin of 32.9%, return on equity of 53.5% in its most recent reported period. Listed peers in this segment include MPS Limited (P/E 18.42x) and Arihant Academy Limited (P/E 31.18x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Fusion Klassroom IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 2.5%. Of the 50 SME IPOs we have tracked with a final GMP under 10%, 19 listed above, 12 flat and 19 below the issue price; Fusion Klassroom listed 6.9% above its issue price.
See the full Fusion Klassroom GMP history and trend, or learn how grey market premium works and how reliable it is.
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