Fusion Klassroom Edutech Limited
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹159
Per ShareLot Size
800 Shares
Minimum Investment
₹1,27,200
Issue Size
₹39.04 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.05%
QIB Quota
49.81%
NII Quota
15.14%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Fusion Klassroom Edutech Limited
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
55.07%
Promoter Holding (Post-Issue)
39.52%
Issue Type
Book Building - SME
ISIN
INE1LMA01010
About the Company
Fusion Klassroom Edutech Limited is an education technology company operating a scalable, AI-enabled hybrid learning ecosystem in India. Incorporated in 2016, the Company delivers academic education, competitive examination preparation, skill development, and employability-oriented training through its proprietary AI-powered Education OTT platform, offline partner centres, and institutional and government collaborations. The Company's offerings span school education, test preparation, professional and vocational courses, and emerging technology programs, including Artificial Intelligence and Machine Learning. To date, Klassroom has recorded over 4 lakhs cumulative learner registrations, more than 1 lakh paid subscribers, and is supported by a library of over 100 courses and more than 3,300 hours of proprietary digital content.
Industry Overview
India's middle-income households are characterized by a young and dynamic demographic profile. As per the United Nations, approximately 44% of India's population is estimated to be under the age of 25 as of CY2024, with a median age of 28 years-lower than other leading economies such as China (39 years), the United Kingdom (39 years), and the United States (38 years). This young middle-income segment is increasingly prioritizing investments in essential categories, particularly education and skill development. Among essential spending categories, education comprises approximately 51% of India's essential spending consumption basket (excluding food, healthcare, clothing, and utilities), making it one of the top five essential categories as per MoSPI. Essential categories, including education, dominated India's consumption basket in Fiscal 2024, comprising ~70% of monthly per capita consumption expenditure-a proportion higher than in developed economies. For comparison, essential categories accounted for ~59% of consumption expenditure in the United States in CY2023.
Company History
Our Company was originally formed as a Private Limited Company in the name of "Fusion Klassroom Edutech Private Limited" under the provisions of the Companies Act, 2013 on November 03, 2016 vide Certificate of Incorporation issued by Registrar of Companies, Central Registration Centre bearing Corporate Identity Number U74999MH2016PTC287390. Subsequently, our Company was converted into a Public Limited Company under the Companies Act, 2013 pursuant to a special resolution passed at the Annual General Meeting of our Company held on September 29, 2025 and the name was changed to "Fusion Klassroom Edutech Limited" pursuant to a fresh Certificate of Incorporation dated November 17, 2025 issued by the Registrar of Companies, Central Processing Centre bearing Corporate Identity Number U74999MH2016PLC287390.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 24,55,200 equity shares of face value of Rs. 10 each ("Equity Shares") of the company at a price of Rs. 159 per equity share ("Offer Price") (including a share premium of Rs. 149 per equity share) for cash, aggregating Rs. 39.04 Crores ("Public Offer") comprising a fresh issue of 19,89,400 equity shares of face value of Rs. 10 each aggregating to Rs. 31.63 Crores (the "Fresh Issue") and an offer for sale of 4,65,800 equity shares of face value of Rs. 10 each comprising of 1,78,048 equity shares by Alka Nikhil Javeri, 87,000 equity shares by Dhruv Nikhil Javeri, 87,000 equity shares by Dhumil Nikhil Javeri, 28,471 equity shares by Deepti Choudhary, 16,040 equity shares by Chandra Prakash Toshniwal, 16,000 equity shares by Utsav Verma, 13,634 equity shares by Arun Deep Bakshi, 6,255 equity shares by Uttam Pal Singh, 5,614 equity shares by Rahul Mahajan, 5,600 equity shares by Sonal Agarwal, 4,500 equity shares by Lakshminarayanan Karthik, 4,010 equity shares by Abhijit Saxena, 4,010 equity shares by Preeti Bahl, 4,010 equity shares by Nanhi Singh, 2,000 equity shares by Nirmal Kumar Meharia, 1,604 equity shares by Aakash Choudhary, 1,002 equity shares by Abhijeet Kumar and 1,002 equity shares by Ashish Sarser ("Selling Shareholders") ("Offer For Sale") aggregating to Rs. 7.41 Crores, out of which 1,23,200 equity shares of face value of Rs. 10 each, at an offer price of Rs. 159 per equity share (including a share premium of Rs. 149 per equity share) for cash, aggregating Rs. 1.96 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 23,32,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 159 per equity share for cash, aggregating Rs. 37.08 Crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 26.35% and 25.03% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 159 per equity share of face value Rs. 10 each. The floor price is 15.90 times the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- High-Margin, Asset-Light Digital Core with Strong Operating Leverage.
- Diversified and Resilient Revenue Architecture.
- Profitability Track Record with Strong Capital Discipline.
- Scaled, Proven and Monetizable Education Platform with National Reach.
- Deep Government, Institutional and Regulatory Execution Capability.
- The company does not own any of the properties from which its operates. If the company is unable to renew its current leases or if the company renew them on terms which are detrimental to the Company, its may suffer a disruption in its operations or increased relocating costs, or both, which could adversely affect the company's business, results of operations, cash flows and financial condition.
- The Company has negative cash flow in the financial year ended on March 31, 2026, March 31, 2025 and March 31, 2024 details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company derives a significant portion of its revenues from the sale of the company's services in certain key states. Its revenues from Uttar Pradesh constituted 42.60%, 46.86% and 57.16% of the company's total revenue from operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Revenues from Rajasthan accounted for 24.00%, 23.21% and 0.76% during Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, while revenues from Maharashtra contributed 26.76%, 29.71% and 42.03% during the same periods. In addition, revenues from Haryana constituted 5.64% of its total revenue from operations in Fiscal 2026, while revenues from Karnataka constituted 0.62% during Fiscal 2026. Consequently, a substantial portion of the company's revenues is geographically concentrated in these states. Any adverse developments, including changes in state-specific regulations, economic conditions, political instability, natural calamities, or disruptions affecting its operations in such regions, could have an adverse impact on the company's business, results of operations, financial condition and cash flows.
- The company's success depends on its ability to attract and retain students. Any failures to does so could adversely impact the company's business, reputation, financial conditions and cash flows.
- Certain media reports have incorrectly referred to Suniel Shetty as an investor in the Company, which may lead to misinterpretation and impact investor perception.