Fusion Klassroom
Fusion Klassroom Edutech Ltd. is an education technology company providing professional and competitive examination coaching through digital and hybrid learning models. It specializes in commerce-related courses such as CA, CS, and CMA, operating within the Edutech sector.
Price Band
₹159 - ₹159
Lot Size
1600 Shares
Issue Size
₹39.04 Cr
Fresh Issue
₹31.63 Cr
OFS
₹7.41 Cr
Registrar
AI Sentiment Score
Listing Price
Listed Aug 7
Est. Listing: ₹159 (0%)
📅 IPO Timeline
1
Open
TBD
2
Close
TBD
✓
Allotment
Aug 5
✓
Refund
Aug 6
✓
Demat
Aug 6
✓
Listing
Aug 7
✨ AI Analysis & Prediction
-1.0%
predicted listing gain
Despite a neutral GMP, the listing is supported by exceptional financial growth, high ROE (53.45%), and a small float scarcity. However, the very low institutional demand (QIB 1.0x) acts as a significant drag, preventing a higher pop.
💪 Strengths
- Exceptional ROE of 53.45% and ROCE of 45.6%
- Rapid revenue growth of 129% between 2025 and 2026
- Low Debt-to-Equity ratio (0.19)
⚠️ Weaknesses
- Low institutional demand (QIB subscription at 1.0x)
- Small operational history relative to established Edutech giants
🚀 Opportunities
- Expansion into AI/ML based personalized learning
- Growth in B2G and B2B institutional partnerships
🛡️ Threats
- Intense competition from larger Edutech platforms
- Regulatory changes in professional coaching standards
🎯 Objectives of the IPO
| Requirement / 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 | ₹17.45 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 4.58 Cr | Rs 10.09 Cr | Rs 23.04 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.34 Cr | Rs 2.90 Cr | Rs 7.60 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 1.02 Cr | Rs 4.07 Cr | Rs 12.99 Cr |
| Borrowings (₹ Cr) | Rs 0.33 Cr | Rs 1.01 Cr | Rs 3.43 Cr |
| Total Assets (₹ Cr) | Rs 4.49 Cr | Rs 12.06 Cr | Rs 25.46 Cr |
| ROCE % | 14.97% | 43.35% | 60.58% |
Debt/Equity
0.19
📋 Live Subscription Status
QIB
1.00x
NII
1.47x
Retail
1.80x
Total
1.50x
Updated: Aug 8, 2026 8:03 AM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2016, Fusion Klassroom Edutech Ltd. has evolved into a specialized player in the professional education space. The company focuses on high-stakes competitive examinations, particularly for students pursuing careers in accounting and corporate law, including CA, CS, and CMA certifications.
Their business model is diversified across multiple delivery channels. They operate a B2C model involving Education OTT platforms and offline learning centers, while also engaging in B2B2C, B2B, and B2G institutional partnerships to expand their reach.
The company employs a hybrid learning approach, combining traditional classroom teaching with online digital platforms. This allows them to enhance accessibility and flexibility for students across multiple cities, catering to various learning preferences.
Operational scale has seen significant expansion, reflected in their rapid revenue growth over the last three fiscal years. The company is currently investing in AI/ML model development and cloud infrastructure to modernize its educational delivery.
The company is led by promoters Alka Nikhil Javeri, Dhruv Nikhil Javeri, and Dhumil Nikhil Javeri, who have steered the organization from its inception in 2016 to its current scale as a book-built IPO candidate.
Fusion Klassroom is launching an SME IPO on the BSE with a total issue size of approximately ₹39.04 crores. The issue is structured as a combination of a fresh issue of ₹31.63 crores and an offer for sale of 4,65,800 shares. The price band is set at ₹151 to ₹159 per share, with a minimum lot size of 1600 shares requiring an investment of ₹2,54,400. The IPO opens on July 31, 2026, and closes on August 4, 2026, with listing scheduled for August 7, 2026.
The proceeds from the fresh issue are earmarked for strategic growth and debt reduction. Specifically, ₹6.71 crores will be used for Technology and AI/ML development, ₹5.35 crores for content development, ₹5.22 crores for marketing, and ₹1.95 crores for AI/ML lab hardware. Additionally, ₹2.36 crores will be used for the prepayment of outstanding borrowings.
Financial performance has been aggressive. Revenue grew from ₹4.62 crores in 2024 to ₹23.10 crores in 2026, while PAT jumped from ₹0.34 crores to ₹7.60 crores in the same period. This represents a massive increase in profitability and scale over three years.
Valuation remains a key point of analysis. With an EPS of ₹13.96 and a NAV of ₹25.22, the company shows strong internal accruals. Compared to peers like Arihant Academy and MPS Limited, Fusion Klassroom demonstrates superior ROE (53.45%) and ROCE (45.6%), though the overall SME Edutech market remains volatile.
Key strengths include the high PAT margins (32.99%) and a low debt-to-equity ratio of 0.19. However, risks include the inherent volatility of the coaching industry and the reliance on a small number of promoters. Investors should note the neutral review and the modest institutional subscription levels.