Fusion Klassroom Edutech was incorporated on November 03, 2016. The company operates a scalable hybrid learning ecosystem with 30 offline partner centres, an AI-powered education app offering over 100 courses, and a user base of more than 400,000 registered learners. It has implemented major education and skilling initiatives through collaborations with government bodies, schools, universities, and skill development organizations, expanding its impact across multiple states in India
| Bidding Dates |
|---|
| 31 Jul 2026 - 04 Aug 2026 |
| Subscription |
|---|
| 1.47x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,41,600 | 2 | 2 | 800 | 2.5 M | ₹151 - ₹159 | 39.52 % | ₹370.7 M - ₹390.4 M | RHP DOC |
Fusion Klassroom Edutech IPO SUBSCRIPTION STATUS
04 Aug '26Fusion Klassroom Edutech IPO overall subscription rate was 1.47 times the total available shares
Fusion Klassroom Edutech IPO retail subscription rate was 1.8 times in the retail segment
Fusion Klassroom Edutech IPO non-institutional investor subscription rate was 1.35 times in the non-institutional investor category
Fusion Klassroom Edutech IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
04 Aug 2026 (Day 3) | 1.8x | 1.35x | 1x |
03 Aug 2026 (Day 2) | 1.32x | 0.67x | 0.68x |
31 Jul 2026 (Day 1) | 0.97x | 0.39x | 0.68x |
Fusion Klassroom Edutech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 23.0 | 7.6 | 10.7 | 7.0 | 56.4% |
| FY25 | 10.1 | 2.9 | 3.5 | 3.1 | 40.3% |
| FY24 | 4.6 | 0.3 | 0.9 | 0.9 | 22.2% |
Fusion Klassroom Edutech IPO SUBSCRIPTION STATUS DETAILS
Fusion Klassroom Edutech had 2.5 M shares on offer
Fusion Klassroom Edutech IPO offer price was in the range ₹151 - ₹159
Fusion Klassroom Edutech IPO minimum Investment was ₹241600
Fusion Klassroom Edutech IPO issue size was ₹ 370.7 M - ₹ 390.4 M
Fusion Klassroom Edutech had a minimum lot size of 800 Shares per application
Fusion Klassroom Edutech NUMBER OF SHARES ON OFFER
Fusion Klassroom Edutech IPO IMPORTANT DATES
| Issue Open Date | 31 Jul 2026 |
| Issue close Date | 04 Aug 2026 |
| Allotment Date | 05 Aug 2026 |
| Refund Date | 06 Aug 2026 |
| Demat Account Credit Date | 06 Aug 2026 |
| Listing Date | 07 Aug 2026 |
| Listing on Exchange(s) | BSE |
| Fusion Klassroom Edutech Allotment Status | Exchange/ Registrar |
Fusion Klassroom Edutech IPO subscription opened on 31 Jul 2026, and closed on 04 Aug 2026
IPO allotment for Fusion Klassroom Edutech was finalized on Wednesday, 05 Aug 2026
IPO listing for Fusion Klassroom Edutech was on BSE on Friday, 07 Aug 2026
Fusion Klassroom Edutech IPO LISTING GAINS
| Issue Price (adjusted) | 159.0 |
| Listing Open Price | 170.0 |
| Listing Close Price | 166.8 |
| Listing Gain% | 6.9% |
| Current Gain% | 4.9% |
Fusion Klassroom Edutech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fusion Klassroom Edutech Ltd. | 166.8 | 155.4 | 20.4 | 0.1 | 6.7 | 41.3 | 29.8 | 23.1 | 128.6 | 7.6 | 161.7 | 8.2 | 161.7 |
| Physicswallah Ltd. | 131.6 | 38172.8 | -1697.3 | -18.9 | 9.8 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.8 | 3350.6 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 188 | 3289.3 | 14.9 | 0.4 | 3.2 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 202.3 | 3259 | 553.1 | -33.4 | 58.6 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 304 | 2280.4 | 92.4 | 0 | 12.8 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Fusion Klassroom Edutech INFORMATION ON IPO ISSUE
About Fusion Klassroom Edutech
Fusion Klassroom Edutech was incorporated on November 03, 2016. The company operates a scalable hybrid learning ecosystem with 30 offline partner centres, an AI-powered education app offering over 100 courses, and a user base of more than 400,000 registered learners. It has implemented major education and skilling initiatives through collaborations with government bodies, schools, universities, and skill development organizations, expanding its impact across multiple states in India
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Expenditure towards technology & AI\ML model development, servers and cloud infrastructure
- Funding the capital expenditure towards content development
- Funding the capital expenditure towards procurement of desktop and laptops for the new offline centers’ AI/ML labs
- Expenditure towards marketing initiatives
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Fusion Klassroom Edutech - PROMOTERS
| Name |
|---|
| Alka Nikhil Javeri |
| Dhruv Nikhil Javeri |
| Dhumil Nikhil Javeri |
Fusion Klassroom Edutech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Alka Nikhil Javeri | Chairperson & Whole Time Director |
| Dhruv Nikhil Javeri | Managing Director & CFO |
| Dhumil Nikhil Javeri | Joint Managing Director & CEO |
| Bhumika Atul Dedhia | Non-Executive Independent Director |
| Saurabh Rameshchandra Singh | Non-Executive Independent Director |
| Sonal Agarwal | Non-Executive Independent Director |
Fusion Klassroom Edutech Book Running Lead Manager
Narnolia Financial Services Limited
akash.das@narnolia.com
Fusion Klassroom Edutech Registrar to the Offer
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Fusion Klassroom Edutech Strengths
Marketing, promotions & outreach
The company employs a comprehensive marketing strategy that combines digital campaigns, influencer outreach, institutional partnerships, and community engagement initiatives to drive student acquisition and strengthen brand visibility. Its efforts are supported by extensive on-ground activities and partner networks, enabling effective outreach across urban, semi-urban, and rural markets
Corporate social responsibility
The company is committed to responsible and ethical business practices and voluntarily undertakes community-focused initiatives despite CSR provisions not currently being applicable. It has constituted a CSR Committee and intends to comply with all applicable CSR requirements if such obligations arise in the future
Fusion Klassroom Edutech Risks
Depend on IT systems
The company’s operations are highly dependent on its IT systems, digital platforms, and OTT application for content delivery, student management, and administrative functions. Any system failure, cyberattack, data breach, or technical disruption could interrupt educational services, compromise data security, and adversely affect student experience, operations, and financial performance
Operationall risks
The company is exposed to risks of fraud, misconduct, financial misappropriation, and system misuse by students, employees, partners, or third-party service providers. Any such incidents could lead to financial losses, operational disruptions, regulatory scrutiny, reputational damage, and reduced trust among students and stakeholders
Quality control
The company’s multi-language educational content strategy involves translation and localization risks that may lead to inaccuracies, inconsistencies, or quality issues across regional languages. Any decline in content quality could affect student satisfaction, learning outcomes, enrolment growth, and the company’s reputation in regional markets
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.4 crore, of 465,800 shares. It also consists of a fresh issue of Rs 31.6 crore.
The promoters of the company are Alka Nikhil Javeri, Dhruv Nikhil Javeri and Dhumil Nikhil Javeri.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 151.0 - 159.0.
The IPO application opens on Jul 31, 2026 and closes on Aug 04, 2026.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 241,600.0, the maximum value for this IPO is Rs 254,400.0.
This IPO will be allotted on Aug 05, 2026.
The refund will be credited to your account on Aug 06, 2026.
The allotted shares will be credited to your demat on Aug 06, 2026.
Fusion Klassroom Edutech Ltd.’s shares listed on the stock exchanges on Aug 07, 2026.