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₹159 - 159
Fusion Klassroom Edutech Limited
EducationIPOSME
₹159 - 159
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.
Lot800Min Invest₹2,54,400Face Value₹10Issue Size₹39 CrFresh Issue₹32 CrOffer for Sale₹7 CrListing Price₹170CMP₹185
Timeline
31 Jul
Bidding opens
4 Aug
Bidding closes
5 Aug
Allotment
5-6 Aug
Refund & demat credit
7 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹39 Cr0.25 Cr shares
Fresh Issue₹32 Cr
Offer for Sale₹7 Cr
Face Value₹10
Lot Size800 shares
ReservationQIB 49.81% · NII 15.14% · RETAIL 35.05%
Application Sizes
Retail₹2,54,4001-1 lots
sNII₹2,54,400from 2 lots
bNII₹10,17,600from 8 lots
Managers & Registrar
Lead ManagerNarnolia Financial Services Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAlka Nikhil JaveriPRMTR1,78,0482.83Dhruv Nikhil JaveriPRMTR87,0001.38Dhumil Nikhil JaveriPRMTR87,0001.38Deepti ChoudharyOTH28,4710.45Chandra Prakash Toshniwal (Trustee at CPT Family Trust)OTH16,0400.26Utsav VermaOTH16,0000.25Arun Deep BakshiOTH13,6340.22Uttam Pal SinghOTH6,2550.10Rahul Mahajan (Partner at CWS Contacts)OTH5,6140.09Sonal AgarwalOTH5,6000.09Lakshminarayanan KarthikOTH4,5000.07Abhijit SaxenaOTH4,0100.06Preeti BahlOTH4,0100.06Nanhi SinghOTH4,0100.06Nirmal Kumar MehariaOTH2,0000.03Aakash ChoudharyOTH1,6040.03Abhijeet KumarOTH1,0020.02Ashish SarserOTH1,0020.02Total4,65,8007.41
Shareholding
CategoryPre IPOPost IPOPromoter Group55.06%39.52%Public44.94%60.48%
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by its 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
- General Corporate Purpose
Anchor Book
Bid Date30-Jul-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 5 | 5 | 10 | 23 |
| Operating ProfitCr | 0 | 1 | 4 | 13 |
| OPM% | -9.5 | 22.1 | 40.3 | 56.4 |
| PBTCr | -1 | 0 | 3 | 10 |
| PATCr | -1 | 0 | 3 | 8 |
| EPS | -1 | 1 | 5 | 14 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 7 |
| ReservesCr | 1 | 4 | 10 | 11 |
| BorrowingsCr | 2 | 0 | 1 | 3 |
| Total AssetsCr | 3 | 4 | 12 | 25 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 1 | 4 | 11 |
| Investing Cash FlowCr | -1 | -2 | -6 | -12 |
| Financing Cash FlowCr | 1 | 1 | 3 | 2 |
| Net Cash FlowCr | -1 | 0 | 1 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
- Proprietary Content Library with Long Economic Life and AI SaaS Optionality.
Risks · as stated in the DRHP
- 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.
- There has been certain instances of non-compliances in respect of ROC related filing or payments.