Fusion Klassroom Edutech has successfully launched its ₹39.04 crore Initial Public Offering on July 31, 2026, following the successful completion of anchor investor funding. The Mumbai-based company had raised ₹11.08 crore from key anchor investors ahead of the public offering, allocating over 6.96 lakh equity shares at an anchor investor price of ₹159 per share to six entities. The anchor investors include Subhkam Ventures (I) Pvt Ltd, Kuber India Opportunity Fund, and Ekamya Pragati Scheme I, as reported by The Hindu BusinessLine.
The Fusion Klassroom Edutech IPO opened for public subscription on July 31, 2026 with a price band of ₹151 to ₹159 per equity share. According to latest reports, the issue witnessed a decent response from investors on the first day, with grey market sources indicating the grey market premium (GMP) at ₹9, suggesting the stock could list at a premium of about 6% to its issue price. By 11 pm on Friday, the overall subscription stood at nearly 0.11 times, with the retail portion booked 0.21 times and NIIs segment subscribed to 0.02 times, while QIB's portion remained unsubscribed.
The ₹39.04 crore initial public offering comprises a fresh issue of up to 19.89 lakh equity shares aggregating ₹31.63 crore and an Offer-for-Sale of up to 4.65 lakh shares by promoters and investors aggregating ₹7.41 crore. The IPO will open for public subscription on July 31, 2026 and conclude on August 4, 2026. The company's shares are proposed to be listed on the BSE SME platform with a tentative listing date on August 7, 2026. The IPO schedule includes issue open date: July 31, 2026, issue close date: August 4, 2026, allotment finalization: August 5, 2026, and refund initiation: August 6, 2026.
According to the company's disclosure, net proceeds from the fresh issue will be utilized for debt repayment, technology and AI/ML model development, servers and cloud infrastructure, content development, and procurement of desktops and laptops for new offline centres' AI/ML labs. As reported by The Hindu BusinessLine, funds will also be allocated towards marketing initiatives and general corporate purposes. The company has allocated ₹31.63 crore for fresh issue proceeds and ₹6.71 crore for prepayment or repayment of certain outstanding borrowings. Narnolia Financial Services Ltd serves as the sole book-running lead manager for the IPO.
Incorporated in 2016, Fusion Klassroom Edutech Ltd operates as an education technology company focused on providing professional and competitive examination coaching through digital and hybrid learning models across the country. According to the latest reports, the company operates a scalable, hybrid learning ecosystem comprising 30 offline partner centres, an AI-powered education OTT app featuring 100+ courses, and a nationwide footprint of over 600K+ registered users with 2 lakh+ subscribers and 1 lakh+ mobile app downloads. The company's revenue from operations showed significant growth, rising from ₹4.6 crore in FY24 to ₹10.1 crore in FY25 and ₹23 crore in FY26, while profit increased from ₹34 lakh in FY24 to ₹2.90 crore in FY25 and ₹7.60 crore in FY26.
