Fusion Klassroom Edutech Limited

Here are the complete details, fundamental financials, and Grey Market Premium (GMP) status for the Fusion Klassroom Edutech Limited IPO:

1. Latest GMP & Estimated Listing

  • Current Grey Market Premium (GMP): ₹0

  • Upper Price Band: ₹159

  • Estimated Listing Price: ₹159 per share (0% estimated gain as of current grey market activity)

2. IPO Structure & Key Dates

Parameter Details
IPO Open Date July 31, 2026
IPO Close Date August 4, 2026
Price Band ₹151 to ₹159 per equity share
Face Value ₹10 per share
Total Issue Size ₹39.04 Crore (24,55,200 Shares)
Fresh Issue ₹31.63 Crore (20 Lakh Shares)
Offer For Sale (OFS) ₹7.41 Crore (4.65 Lakh Shares)
Retail Lot Size (Min) 2 Lots (1,600 Shares)
Minimum Retail Investment ₹2,54,400
Listing Exchange BSE SME
Basis of Allotment August 5, 2026
Tentative Listing Date August 7, 2026

3. Business Model & Company Overview

Founded in 2016, Fusion Klassroom Edutech Limited operates a hybrid edtech platform providing academic, vocational, and skill-development education across B2C, B2B, B2B2C, and B2G models.

  • Core Platforms: The company runs an AI-powered education app along with physical offline partner learning centers.

  • Revenue Streams: Digital app subscriptions, offline coaching fees, institutional licensing, government project implementation fees, sale of textbooks, learning devices, and AI/ML lab setups.

  • Geographic Presence: Major concentration in Uttar Pradesh, Maharashtra, Rajasthan, and Haryana.

4. Financial Performance

(Figures in ₹ Crores)

Metric FY 2023–24 FY 2024–25 FY 2025–26
Total Revenue ₹4.62 ₹10.11 ₹23.10
EBITDA ₹1.02 ₹4.06 ₹12.99
Profit After Tax (PAT) ₹0.34 ₹2.90 ₹7.60
Net Worth ₹3.92 ₹10.03 ₹18.41
Total Debt ₹0.32 ₹1.01 ₹3.43

Key Ratios (FY26):

  • Return on Equity (ROE): 53.45%

  • ROCE: 45.60%

  • PAT Margin: 32.99%

  • Post-IPO P/E Ratio: ~19.49x

  • Debt to Equity: 0.19x

5. Objectives of the Issue

The net proceeds from the fresh issue (~₹21.59 Crore) will be utilized for:

  1. Technology & AI/ML model development, server, and cloud infrastructure (₹6.71 Cr).

  2. Content development capital expenditure (₹5.35 Cr).

  3. Marketing initiatives (₹5.22 Cr).

  4. Repayment/prepayment of borrowings (₹2.36 Cr).

  5. Procurement of desktops and laptops for offline centers’ AI labs (₹1.95 Cr).

6. Key Strengths & Potential Risks

Strengths:

  • High profit growth trajectory with PAT expanding from ₹0.34 Cr in FY24 to ₹7.60 Cr in FY26.

  • Diversified delivery formats (App + Offline Partner Centers) and B2G government delivery partnerships.

  • Low debt-to-equity ratio (0.19).

Risks:

  • Geographic Concentration: Over 90% of operational revenue is derived from three states (Uttar Pradesh, Maharashtra, and Rajasthan).

  • Negative Cash Flow: Reported negative operating cash flows historically across recent financial years due to aggressive expansion and working capital needs.

  • Competition: Sector competition from both digital edtech platforms and established offline coaching chains.

Scroll to Top