Fusion Klassroom Edutech Limited operates an AI-enabled hybrid learning ecosystem encompassing an Education OTT application and offline partner centers for academic education and competitive exam preparation.
Through this initial public offering on the BSE SME platform, the enterprise aims to raise up to ₹39.00 crores via a combination of a fresh issue and an offer for sale.
Open from July 31, 2026, through August 4, 2026, the Fusion Klassroom Edutech Limited IPO features a price bracket of ₹151 to ₹159 per equity share. The smallest entry pack for standard investors is 1,600 shares. Track all the latest SME & Mainboard IPOs.
This breakdown covers the Fusion Klassroom Edutech Limited IPO price band, allotment schedule, today's subscription numbers, current GMP, and an in-depth evaluation.
Briefs of Fusion Klassroom Edutech Limited IPO Details
- Price Band: ₹151 – ₹159 per share
- IPO Open / Close Dates: 31 July 2026 / 4 August 2026
- Lot Size: 800 shares (Minimum retail bid is 2 lots: 1,600 shares)
- Issue Size: 24,55,200 shares / Up to ₹39.00 crores
- Fresh Issue / OFS: Fresh Issue of 19,89,400 shares / OFS of 4,65,800 shares
- Registrar: Maashitla Securities Pvt.Ltd.
- Listing Exchange: BSE SME
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Up to 6,96,800 Equity Shares
- QIB-shares: Not more than 11,61,600 Equity Shares (Includes Anchor Portion)
- NIIs-Shares offered: Not less than 3,52,800 Equity Shares
- RIIs- Shares offered: Not less than 8,17,600 Equity Shares
What is Today's Grey Market Premium (GMP) for the Fusion Klassroom Edutech Limited IPO?
Our GMP tracker allows you to monitor daily trends for this and various other corporate listings.
Be aware that these rates are unofficial indicators based entirely on private demand shifts; they change daily and are not monitored or endorsed by SEBI, the NSE, or the BSE.
More GMP studies:IPO GMP Monthly Review – January 2026 GMP vs Listing Performance Analysis
When does the Fusion Klassroom Edutech Limited Subscription Open, Close, and Distribute Shares?
- IPO Open & Close Date: 31 July 2026 to 4 August 2026
- Basis of Allotment Date: 5 August 2026
- Refund Initiation Date: 6 August 2026
- Credit of Shares: 6 August 2026
- Listing Date: 7 August 2026
What Are The Stated Objectives of Fusion Klassroom Edutech Limited IPO?
Fusion Klassroom Edutech Limited plans to use the net funds raised from this new share sale for the following specific goals:
- Technology & Infrastructure: ₹6.71 crores is allocated for AI/ML model development, server setups, and cloud infrastructure.
- Content Development: ₹5.35 crores will fund capital expenditure for generating academic and skill-based digital content.
- Marketing Initiatives: ₹5.21 crores is designated for brand-building and user acquisition.
- Debt Repayment: ₹2.35 crores will be used to prepay or repay certain outstanding borrowings.
- Offline Centers: ₹1.95 crores will fund the procurement of hardware for new offline AI/ML labs.
- General Corporate Purposes: The company will use the remaining money to fund future growth through potential company buyouts, other strategic projects, and everyday corporate expenses.
Also check for the latest details: IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
How is The Financial Performance of Fusion Klassroom Edutech Limited?
The following details reflect the company's financial track record, with amounts stated in crores of rupees.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 23.10 | 10.11 | 4.62 |
Profit After Tax | 7.60 | 2.90 | 0.34 |
EBITDA | 12.99 | 4.06 | 1.02 |
Total Borrowing | 3.43 | 1.01 | 0.32 |
Assets | 25.46 | 12.06 | 4.48 |
Source: RHP
Financial Observations
Total Income
The company observed a steady rise in its revenue generation across the reported fiscal years.
- Total income expanded from ₹4.62 crores in FY24 to ₹23.10 crores in FY26.
- This progression was aided by an increase in business-to-business and government engagements.
- The hybrid educational model supported the accumulation of top-line earnings.
Profit After Tax
Net profit figures reflected an upward trajectory as fixed costs were absorbed over a larger user base.
- PAT moved from ₹0.34 crores in FY24 to ₹7.60 crores in FY26.
- The PAT margin was recorded at 32.99% for the latest fiscal year.
- Scalability of the digital platform contributed to this bottom-line result.
EBITDA
Operational earnings progressed consistently alongside the growth of the digital subscriber base.
- EBITDA increased from ₹1.02 crores in FY24 to ₹12.99 crores in FY26.
- The EBITDA margin stood at 56.38% in FY26.
- Proprietary content ownership helped keep direct operational overheads manageable.
Total Borrowing
The firm utilised measured levels of external debt to facilitate its initial expansion phases.
- Total borrowings increased from ₹0.32 crores in FY24 to ₹3.43 crores in FY26.
- The overall debt-to-equity ratio remains at 0.19x.
- A portion of the fresh IPO proceeds is allocated to repay some of these outstanding liabilities.
Assets
The overall resource base widened to accommodate the growing technological requirements of the platform.
- Total assets grew from ₹4.48 crores in FY24 to ₹25.46 crores in FY26.
- This increase is linked to investments in digital content libraries and software development.
- Physical assets for offline partner centers also added to this balance sheet metric.
What Are the P/E ratio and Peer Comparison of Fusion Klassroom Edutech Limited?
Investors use the P/E ratio to compare a company's price to its competitors by dividing the share cost by its annual earnings per share.
For Fusion Klassroom Edutech, dividing the top price bracket of ₹159 by the FY26 earnings per share of 13.96 results in a market valuation of 11.39 times its earnings
Name of the Company | Revenue FY26 (₹ Cr) | EBITDA FY26 (₹ Cr) | EBITDA Margin (%) | EPS (₹) | P/E Ratio | RoNW (%) |
Fusion Klassroom Edutech Ltd | 23.04 | 12.99 | 56.38 | 13.96 | 11.39 | 53.45 |
Physicswallah Limited | 2,886.64 | 188.17 | 6.52 | -0.86 | NA | -15.96 |
MPS Limited | 726.89 | 216.81 | 29.83 | 87.80 | 21.39 | 31.12 |
Veranda Learning Solutions Ltd | 357.73 | 86.71 | 24.24 | -34.73 | NA | -97.93 |
Arihant Academy Limited | 32.33 | 6.71 | 20.76 | 7.34 | 61.99 | 13.80 |
Analysis:
Fusion Klassroom Edutech enters the primary market with an implied P/E multiple of approximately 11.39x at the upper price band.
When compared to the industry composite average of 41.69 and profitable listed peers like MPS Limited (21.39x) and Arihant Academy (61.99x), the issue presents a different valuation profile.
While operating on a smaller revenue base than entities like Physicswallah, Fusion Klassroom reports a positive EPS of ₹13.96 and a Return on Net Worth (RoNW) of 53.45%, indicating capital efficiency within its specific business model.
What is The Industry Outlook of Fusion Klassroom Edutech?
Growth potential: The Indian educational technology sector is transitioning towards hybrid models that combine online content delivery with physical tutoring centers. Rising internet penetration in Tier-2 and Tier-3 cities continues to support digital literacy initiatives.
Market trends and competitors: The ed-tech space is highly competitive, featuring both deeply funded digital platforms and traditional coaching institutes. Companies integrating artificial intelligence for personalised learning paths are aiming to address varying student needs while managing customer acquisition costs.
What Are The Strengths and Risks of Fusion Klassroom Edutech Limited IPO ?
Strengths:
- Asset-Light Operations: The digital content and OTT platform rely on fixed operational costs, facilitating margin expansion as the active user base grows.
- Diversified Revenue Streams: Income is sourced from online subscriptions, physical centers, institutional licensing, and government projects.
- Proprietary Content: The business holds a library of over 100 courses and 3,300 hours of digital material.
Risks:
- Customer Concentration: The top single client contributed 40.11% of the total revenue in FY26.
- Geographic Dependency: Operations are primarily concentrated in Uttar Pradesh, Maharashtra, and Rajasthan, which account for a vast majority of its income.
- Technology Vulnerabilities: As a digital platform, the enterprise is exposed to system failures, software bugs, and potential data privacy breaches.
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Key Considerations for Investors
- Revenue Concentration: The top client contributed 40.11% of FY26 revenue, while geographic operations heavily depend on Uttar Pradesh, Maharashtra, and Rajasthan.
- Financial Profile: The company reported a Return on Net Worth of 53.45% in FY26, alongside an EBITDA margin of 56.38%, driven by an asset-light framework.
- Cash Flow Dynamics: Investing activities recorded negative cash flows over the last three fiscal years due to necessary capital expenditures in technology.
- Fund Allocation: IPO proceeds are primarily designated for technology development, content creation, and marketing initiatives to support the existing hybrid learning ecosystem.
Key Takeaways
- IPO Price Band: ₹151 to ₹159 per equity share
- Lot Size: 800 shares (Minimum retail investment of ₹2,54,400 for 2 lots)
- Allotment Date: Allotment on 5 August 2026
- Listing Date: Listing on BSE SME on 7 August 2026
FAQs on Fusion Klassroom Edutech Limited IPO
What is Fusion Klassroom Edutech Limited IPO GMP today?
Our dedicated tracking portal provides daily GMP updates for this SME issue, reflecting how informal market demand shifts day to day outside the official stock exchanges.
What is Fusion Klassroom Edutech Limited IPO price band?
The company has set the share price range for this public offering between ₹151 and ₹159 per stock.
What is Fusion Klassroom Edutech Limited IPO allotment date?
The final share allotment for this issue is expected to be decided on 5 August 2026.
How to check Fusion Klassroom Edutech Limited IPO allotment status?
To check your share allocation status after it is finalized, go to the official portal of the registrar, Maashitla Securities Pvt. Ltd., and look up your details using your application info or PAN.
What is Fusion Klassroom Edutech Limited IPO listing date?
The company plans to officially list its new stock on the BSE SME market on 7 August 2026.
Investment Perspective on Fusion Klassroom Edutech Limited IPO
Fusion Klassroom Edutech presents a compelling IPO opportunity through its scalable, AI-powered hybrid learning model.
The company demonstrates robust financial health, evidenced by a massive 53.45% Return on Net Worth and an EPS of ₹13.96 in FY26. Its asset-light, high-margin structure and diversified B2B/B2G revenue streams offer strong operating leverage.
However, investors must strategically monitor risks like high customer concentration and intensely competitive education industry dynamics before investing.
Disclaimer:
These details are meant for basic educational purposes and do not fit individual financial portfolios. To protect your capital, make sure to speak with a SEBI-registered advisor before entering the stock market.
