Fusion Klassrom Edutech IPO Details
Issue Date
31 Jul - 4 Aug'26
Price Band
₹151 - ₹159
Lot Size
1600 Shares
IPO Size
₹37.07 - ₹39.04 Cr
Listing At
-
Schedule of Fusion Klassrom Edutech IPO
IPO Open Date
31/07/2026
IPO Close Date
04/08/2026
Basis of Allotment
Refund Initiation
Credit of Shares
Listing on exchange
About Fusion Klassroom Edutech IPO
The Fusion Klassroom Edutech IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.
The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 19,89,400 shares (aggregating up to ₹[TBA] crores). The offer for sale portion includes 4,65,800 shares of ₹10 (aggregating up to ₹[TBA] crores). The total number of shares is 24,55,200 and the aggregate amount is yet to be finalised.
Fusion Klassroom Edutech IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.
Klassroom Edutech operates a scalable, hybrid learning ecosystem comprising 30 offline partner centres, an AI-powered education OTT app featuring 100+ courses, and a nationwide footprint of over 400K+ registered users with 1 lakh+ subscribers and 1 lakh+ mobile app downloads.
Objectives of Fusion Klassroom Edutech IPO
- 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 IPO Valuation
Upper Price Band | TBA |
Fresh Issue | 19,89,400 shares (aggregating up to ₹[TBA] crores) |
Offer for Sale | 4,65,800 shares of ₹10 (aggregating up to ₹[TBA] crores) |
EPS Diluted (in ₹) for FY25 | 4.14 |
Share Offer and Subscription Details
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Fusion Klassrom Edutech IPO Lot Size
Individual investors (Retail) (Min) | TBA | TBA | TBA |
Individual investors (Retail) (Max) | TBA | TBA | TBA |
S-HNI (Min) | TBA | TBA | TBA |
S-HNI (Max) | TBA | TBA | TBA |
B-HNI (Min) | TBA | TBA | TBA |
Industry Outlook
The Indian EdTech market represents one of the world's largest and fastest-growing digital education ecosystems. India's formal education system, long dominated by offline schools and colleges, underwent a profound digital transformation across its value chain from admissions to assessments propelled by Educational Technology (EdTech). This shift accelerated dramatically during the COVID-19 pandemic, with the sector experiencing phenomenal growth; EdTech faces the challenge of sustaining momentum amid reopening offline institutions, yet it remains poised for rapid expansion, driven by government policies, rising internet penetration, affordable smartphones, and innovative startups.
About Fusion Klassroom Edutech
Klassroom Edutech began its journey in 2016 with a vision to transform the learning experience for students across India through a hybrid tutoring model that combined offline academic coaching with early-stage technology integration.
Fusion Klassroom Edutech is training students and learners to master academics, upskill, and transform their future through a hybrid ecosystem of an AI-powered Education OTT App and offline centers, partner institutions, universities, and government bodies driving India’s nation building mission through education and employability. Also operating in India’s rapidly transforming digital-learning ecosystem. Built on the foundational belief that quality education must be accessible, affordable, and employability-driven, the business provides end-to-end academic, vocational, professional, and skill-based education through multiple channels, formats, and delivery mechanisms, enabling lakhs of learners from diverse socio-economic backgrounds to access structured learning opportunities.
Strengths of Fusion Klassroom Edutech
- Human resources, faculty members and content developers.
- Earned awards and certifications over the years.
- Capacity and capacity utilisation.
- Follows a multi-layered and integrated marketing strategy.
- Committed to conducting its business in a socially responsible and ethical manner.
Risks of Fusion Klassroom Edutech
- They do not own any of the properties from which they operate.
- They derive a significant portion of their revenues from the sale of their services in certain key states.
- Their success depends on their ability to attract and retain faculty members.
- Any failure or breach of their data security systems, or any theft, loss or misuse of sensitive data.
- Engagement with consultants and professional advisors from time to time.
Fusion Klassroom Edutech Financials (in ₹ crores)
Peer Comparison
Fusion Klassroom Edutech | 10.090 | [-] | 5.36 | 14.29 |
Physicswallah Ltd | 2886.640 | NA | (0.86) | 7.73 |
MPS Ltd | 726.890 | 21.39 | 87.80 | 279.69 |
Veranda Learning Solutions Ltd | 357.730 | NA | (34.73) | 34.54 |
Note:() denotes negative
Financial information for Fusion Klassroom Edutech is derived from the Restated Financial Information as at and for the FY 2025. *EPS and Book Value per share has been calculated on Post Bonus Equity Shares. ^As on January 30, 2026 Source: All the financial information for listed industry peers mentioned above is sourced from the annual report of the relevant companies, as available on the websites of the Stock Exchanges.
Notes for peer group: 1. EPS is taken from audited financial statements; 2. P/E Ratio has been computed based on the closing market price of equity shares on NSE/BSE on January 30, 2026 divided by the Basic EPS as at March 31, 2025; 3. Return on Net Worth (%) = Profit for the year ended March 31, 2025 divided by Average Equity of the Company as on March 31, 2025; 4. NAV is computed as the Total Equity of the company as on March 31, 2025 divided by the outstanding number of equity shares as on March 31, 2025.
Anchor Investor Bidding Date: TBA
Registrar Details
Maashitla Securities Private Limited
Email: investor.ipo@maashitla.com
Tel.: +91-11-45121795-96
Book Running Lead Managers: Narnolia Financial Services Limited
Fusion Klassroom Edutech Ltd Contact Details
Matruprabha, Plot No-78,
CTS No-2731,
Daulat Nagar Road 7, Borivali East
Mumbai, Maharashtra, 400066
Email: companysecretary@klassroom.in
Phone: 8655678159
Business Model
The company earns its revenue by training students and learners to master academics, upskill, and transform their future through a hybrid ecosystem of an AI-powered education OTT app and offline centres, partner institutions, universities, and government bodies. Their revenue generation streams include digital subscriptions, course sales, offline centre fees, institutional licensing, government project implementation fees, white-labelled platform licensing, printing and distribution of books and assessments, sale of learning devices, sponsorship revenue, and channel partner-driven distribution and sales through distributor networks.
Fusion Klassroom Edutech Growth Trajectory
Fusion Klassroom Edutech’s Total Income for FY25 was ₹10.106 crores, whereas in FY24 and FY23 it was ₹4.624 crores and ₹4.882 crores, respectively.
The Profit After Tax for FY25 was ₹2.904 crores, whereas in FY24 and FY23 it was ₹0.345 crores and ₹(0.681) crores, respectively.
Their EBITDA for FY25 was ₹4.063 crores, whereas in FY24 and FY23 it was ₹1.015 crores and ₹(0.459) crores, respectively.
Fusion Klassroom Edutech Market Position
In 2025-26, Fusion Klassroom Edutech entered into partnerships with: NSDC, TSSC, MSSDS for national AI‑ML rollout. Established AI‑ML Labs across Maharashtra; integrations with Maharashtra Skilling Apps; engaged with Tripura SCERT. 30 offline centers opened; 4 lakh+ learners facilitated; 100+ learning courses content library was made available.
As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹10.106 crores, ₹2.904 crores, and ₹4.063 crores, respectively.
Fusion Klassroom Edutech Profit and Loss Statement (in ₹ crores)
Total Income | 10.106 | 4.624 | 4.882 |
Profit Before Tax | 3.096 | 0.434 | (0.681) |
Profit After Tax | 2.904 | 0.345 | (0.681) |
EPS (Diluted) ₹ | 4.14 | 0.50 | (1.00) |
EBITDA | 4.063 | 1.015 | (0.459) |
Note: () denotes negative
Fusion Klassroom Edutech Balance Sheet (in ₹ crores)
Profit Before Tax | 3.096 | 0.434 | (0.681) |
Net Cash from Operating Activities | 3.549 | 0.938 | (0.393) |
Net Cash from Investing Activities | (5.954) | (1.760) | (0.998) |
Net Cash from Financing Activities | 3.329 | 0.957 | 0.743 |
Cash & Cash Equivalents | 1.493 | 0.569 | 0.434 |
Note: () denotes negative
How to apply for Fusion Klassroom Edutech IPO?
- Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
Fusion Klassrom Edutech IPO FAQs
The Fusion Klassrom Edutech IPO opens for subscription from 31-07-2026 to 04-08-2026, with a total issue size of ₹37.07-₹39.04 Cr. The IPO price band is ₹151 to ₹159 per share with a lot size of 3200. The company aims to list the shares on BSE & NSE on [-].
The Fusion Klassrom Edutech IPO will open for subscription on 31-07-2026 and will close on 04-08-2026 for investors.
The lot size of Fusion Klassrom Edutech IPO is 3200 equity shares, requiring a minimum investment of ₹254400/2 Lots for retail investors applying in the IPO.
The price band of the Fusion Klassrom Edutech IPO has been fixed at ₹151 to ₹159 per equity share.
You can apply for the Fusion Klassrom Edutech IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Fusion Klassrom Edutech IPO allotment will take place on [-].
You can check the Fusion Klassrom Edutech IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Fusion Klassrom Edutech shares will list on the stock exchanges on [-].
You can find detailed information about the Fusion Klassrom Edutech IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Mrs. Alka Nikhil Javeri is the Chairperson and Whole Time Director of Fusion Klassroom Edutech.
You can read more about Fusion Klassroom Edutech IPO and its business from the company’s draft red herring prospectus here.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
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