Fusion Klassroom Edutech SME IPO Opens 31 July At ₹151-₹159; Listing On BSE SME On 7 August

Mumbai-based hybrid education platform Fusion Klassroom Edutech will open its maiden public issue for subscription on 31 July, seeking to raise approximately ₹39.04 crore at a valuation of ₹148.1 crore.

The price band has been fixed at ₹151 to ₹159 per share. Anchor investor bidding will take place on 30 July, and the issue closes on 4 August. Share allotment is expected by 5 August, with the stock set to begin trading on the BSE SME platform on 7 August.

Issue Structure

The Fusion Klassroom Edutech IPO comprises a fresh issue of 19.89 lakh equity shares and an offer for sale of 4.65 to 4.66 lakh shares by promoters and existing investors, totalling approximately 24.55 lakh shares.

The minimum bid lot is 1,600 equity shares, with bids accepted in multiples of 800 shares thereafter.

How The Proceeds Will Be Used

Fresh issue proceeds will be deployed across several areas. Technology and AI or ML model development, content creation and investment in servers and cloud infrastructure are among the primary uses.

The company also plans to procure desktop and laptop equipment for new offline learning centres. Additional funds will go towards marketing initiatives, repayment of existing loans and inorganic growth through future acquisitions not yet identified.

About The Company

Fusion Klassroom Edutech was founded by Alka Nikhil Javeri and his two sons. The company runs a hybrid learning ecosystem that combines 30 offline partner centres with an AI-powered education OTT application offering over 100 courses across K-12, competitive examination preparation, professional upskilling and AI or ML education. The platform has more than six lakh registered users across the country.

Financial Performance

FY26 was a strong year for the business. Revenue surged 128.4% to ₹23 crore from ₹10.1 crore in FY25, while profit after tax grew 162% to ₹7.6 crore from ₹2.9 crore. The rapid growth in both revenue and profitability reflects rising demand for hybrid and digital learning solutions.

The IPO comes as profitable niche edtech companies increasingly look to public markets despite a prolonged slowdown in venture funding. Narnolia Financial Services is the merchant banker for the issue.

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