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IPO · Education & Skilling

Fusion Klassroom Edutech opens IPO with price band of ₹151–159 per share

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Date
Company
Fusion Klassroom Edutech
What it does
K-12 and professional education platform
Kind
IPO
Amount
~Rs 39.04 crore
Stage
IPO
Founded
November 2016
Sector
Education & Skilling

What they do

Fusion Klassroom Edutech is an education platform offering K-12, competitive exam prep, vocational training, and AI courses

What happened

The company opened its IPO on 31 July 2026 with a price band of ₹151–159 per share, raising up to ₹39.04 crore

Why it matters

The IPO includes a fresh issue of shares for the company and an offer for sale by existing shareholders, with the latter not benefiting the company directly

The details

  • Fusion Klassroom Edutech has opened its initial public offering (IPO) with a price band of ₹151–159 per share, aiming to raise up to ₹39.04 crore.
  • The IPO includes a fresh issue of 19.89 lakh shares and an offer for sale of 4.66 lakh shares, totaling 24.55 lakh shares.
  • The company will not receive proceeds from the offer for sale, which will go to existing shareholders.
  • The IPO is scheduled to open on 31 July 2026 and close on 4 August 2026, with a tentative listing on the BSE SME platform on 7 August 2026.
  • The company received in-principle listing approval from BSE SME on 6 May 2026 after filing its draft red herring prospectus on 18 February 2026.

The bigger picture

  • The IPO is expected to raise ₹31.63 crore for the company through the fresh issue, while the offer for sale will raise ₹7.41 crore for existing shareholders.
  • The company plans to use the proceeds for technology development, content creation, repaying borrowings, and marketing.
  • The IPO will give the company an implied post-issue market capitalisation of ₹148.14 crore at the upper end of the price band.

About the business

  • Fusion Klassroom Edutech provides K-12 education, competitive exam preparation, vocational training, and AI and machine-learning courses.
  • The company combines an online education platform with offline teaching centres, operating 30 offline centres as of March 2026.
  • It also works with educational institutions, companies, government agencies, and skills-development bodies to provide digital content and training.
  • As of March 2026, the company reported 659,048 registered users, 266,986 total subscribers, and 74,000 active users.
  • The registered-user total includes free and demonstration users, and should not be treated as the number of paying customers.

What happens next

  • The company plans to use the IPO proceeds for technology development, content creation, repaying borrowings, and marketing.
  • The remaining net proceeds will be used for unidentified acquisitions and general corporate purposes.

The deal

Type
ipo

Investors

  • Narnolia Financial Services (book-running lead manager) — Financial services firm managing the IPO.
  • Maashitla Securities (registrar) — Registrar for the IPO.

Founders

  • Alka Javeri, co-founder
  • Dhruv Javeri, co-founder
  • Dhumil Javeri, co-founder

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