SME

IPO ·

BSE SME

Fusion Klassroom Edutech Ltd

Listed

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.

Issue details

Price band

₹151 – ₹159

Face value

₹10

Lot size

800 shares

Minimum investment

₹2,54,400

Issue size

₹39.04 Cr

Fresh issue

₹29.67 Cr

Offer for sale

₹7.41 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

31 Jul 2026

Closes

4 Aug 2026

UPI mandate cut-off

5:00 PM on 4 Aug 2026

Allotment

5 Aug 2026

Refunds

6 Aug 2026

Shares in demat

6 Aug 2026

Listing

7 Aug 2026

Subscription and listing

Subscription

1.40x

Listing price

₹170

Registrar

Maashitla Securities Pvt Ltd

Lead manager

Narnolia Financial Services

Subscription by category

Total

1.40x

Total applications

1,031

Anchor investors

Amount raised

₹11.08 Cr

Bid date

30 Jul 2026

50% lock-in ends

5 Sep 2026

Rest lock-in ends

4 Nov 2026

Listing day

Issue price

₹159

Open

₹170.00

High

₹178.50

Low

₹161.60

Day close

₹166.75

Listing gain at open

+6.92%

Issue structure

Shares reserved per category and share of the total issue

QIB

11,61,600

47.31%

Anchor Investor

6,96,800

28.38%

QIB (Ex. Anchor)

4,64,800

18.93%

NII

3,52,800

14.37%

bNII > ₹10L

2,35,200

9.58%

sNII < ₹10L

1,17,600

4.79%

Retail

8,17,600

33.30%

Market Maker

1,23,200

5.02%

Total

24,55,200

100.00%

Finaccle’s quick read

Apply

FY26 income up 128%, PAT up 162%, ROE 53.45%, D/E 0.19, post-issue P/E 19.49x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

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 &ndash; Education OTT & Offline Learning Klassroom operates a subscription-based Education OTT platform offering academic, competitive exam, and skill-development courses.

Founded

2016

2016

Promoters

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Promoter holding

55.07% pre-issue; 39.53% post-issue

55.07% pre-issue; 39.53% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

23.10

23.10

12.99

7.60

7.60

18.41

3.43

3.43

25.46

FY25

FY25

10.11

10.11

4.06

2.90

2.90

10.03

1.01

1.01

12.06

FY24

FY24

4.62

4.62

1.02

0.34

0.34

3.92

0.32

0.32

4.48

ROE

53.45%

ROCE

45.60%

Debt / equity

0.19

PAT margin

32.99%

P/E post issue

19.49

Market cap

₹148.14 Cr

Use of IPO money

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company

₹2.36 Cr

Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure

₹6.71 Cr

Funding the capital expenditure towards Content Development

₹5.35 Cr

Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs

₹1.95 Cr

Expenditure towards marketing initiatives

₹5.22 Cr

Funding inorganic growth through unidentified acquisitions and general corporate purposes

₹5.93 Cr

Offer Expense

₹5.07 Cr

Strengths

✓

Revenue up 128% in FY26 to ₹23.10 Cr

✓

PAT up 162% in FY26 to ₹7.60 Cr

✓

PAT margin of 32.99%

✓

ROE of 53.45% and ROCE of 45.60%

✓

Moderate leverage: debt to equity 0.19

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.