Fusion Klassroom IPO

Listed SME
Min Investment
₹2,54,400
1600 Shares
Min Investment
₹2,54,400 · 1600 Shares
Open Jul 31
Close Aug 04
Allotment Aug 05
Refund Aug 06
Listing Aug 07

Market Sentiment

+Rs 4
+2.5%
Est. Listing: Rs 163
Updated: Aug 01, 2026 1:14 am
Subscription Status
QIB
1.00x
NII
1.82x
bNII (>10L)
1.99x
sNII (2-10L)
1.48x
Retail
1.79x
Total
1.57x
Updated: Aug 04, 2026 5:00 pm IST
Analysis Score 37 / 100
Avoid
Data: 78%
GMP Score 35
Subscription Score 25
Financial Health 90
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹151-159 per equity share
Face Value₹10 Per Equity Share
Lot Size 1600 shares (Min ₹2,54,400)
Total Issue Size ₹39.04 crore
Fresh Share₹31.63 crore
Offer For Sale₹7.41 crore
Issue TypeBook built Issue
Lead ManagerNarnolia Financial Services Ltd.
RegistrarMaashitla Securities Pvt. Ltd.
Listing atBSE
BSE Code544856
ISININE1LMA01010
Listing Price₹170.00
Listing Gain+6.92%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 1,600 ₹2,54,400
Retail Maximum 2 1,600 ₹2,54,400
S-HNI Minimum 3 2,400 ₹3,81,600
S-HNI Maximum 7 5,600 ₹8,90,400
B-HNI Minimum 8 6,400 ₹10,17,600
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB4,64,80018.93%
NII (HNI)3,52,80014.37%
bNII > ₹10L2,35,2009.58%
sNII < ₹10L1,17,6004.79%
Retail8,17,60033.30%
Anchor6,96,80029.88%
Total23,32,000

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

Financial Analysis

Financial Data
EPS (Pre)
Rs 13.96
ROE
53.45%
ROCE
45.60%
RoNW
53.45%
EBITDA Margin
56.38%
Debt/Equity
0.19
NAV/Share
Rs 25.22
Revenue Growth
128.49%
Profit Margin
32.90%
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
Values in Crores (₹)
Peer Comparison
Company EPS P/E RoNW % NAV Income
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

Strengths
  • 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.
Risks & Concerns
  • Promoter stake drops to 40% after the issue.

Auto-generated from live GMP, subscription, valuation and financial data. 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%.

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
Anchor Bidding Date
July 30, 2026
Shares Offered to Anchors
6,96,800
Lock-in End (30 Days, 50%)
September 04, 2026
Lock-in End (90 Days, 50%)
November 03, 2026
Company Contact Information

Fusion Klassroom Edutech Ltd., Matruprabha, Plot No-78,, CTS No-2731,, Daulat Nagar Road 7, Borivali East, Mumbai, Maharashtra, 400066

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.

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 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).

Grey market is quoting a premium of +Rs 4 (+2.5% over issue price), down Rs 3 from the previous session. Final subscription data records overall subscription at 1.57x, retail at 1.79x, QIB at 1.00x, NII at 1.82x.

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 are trading.

Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Fusion Klassroom IPO is Rs 151 to Rs 159 per share. Face value is Rs 10 per share.

The total issue size of Fusion Klassroom IPO is Rs 39 crore, comprising fresh issue of Rs 32 crore and offer for sale (OFS) of Rs 7 crore.

Retail investors must apply for a minimum of 1 lot of 1600 shares, requiring an investment of Rs 2,54,400.

Fusion Klassroom IPO opens for subscription on July 31, 2026 and closes on August 04, 2026. Anchor investor bidding is scheduled for July 30, 2026.

The expected allotment date for Fusion Klassroom IPO is August 05, 2026. Refunds for unsuccessful applicants are expected on August 06, 2026.

Fusion Klassroom IPO is scheduled to list on August 07, 2026 on BSE. BSE script code: 544856, ISIN: INE1LMA01010.

The current GMP (Grey Market Premium) of Fusion Klassroom IPO is +Rs 4 (+2.5% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Fusion Klassroom IPO is currently subscribed 1.57 times overall — retail at 1.79x, QIB at 1.00x, NII at 1.82x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 1.79x for Fusion Klassroom IPO, the estimated retail allotment probability is approximately 63.7%. This is a high probability of allotment.

The registrar for Fusion Klassroom IPO is Maashitla Securities Pvt. Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Fusion Klassroom IPO are Narnolia Financial Services Ltd..

The promoter(s) of Fusion Klassroom are Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri.

Fusion Klassroom IPO GMP — What It Means

The latest grey market premium for Fusion Klassroom IPO is ₹4 (+2.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Fusion Klassroom it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

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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