Fusion Klassroom Edutech Limited IPO
Education
Price Band
₹151 – ₹159
Lot Size
800
Minimum Bid Quantity
1600
Minimum Investment
₹254400
Issue Size
₹39.04Cr
Opens
2026-07-31
Closes
2026-08-04
Listing
07-08-2026
Subscription Status
Qualified Institutional Buyers
1 x
Non-Institutional Investor
1.35 x
Retail Individual Investor
1.79 x
Total
1.46 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1LMA01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Fusion Klassroom Edutech Limited is an education technology company that provides academic coaching, competitive exam preparation, skill development, and professional training through a hybrid learning model. The company operates an AI-powered education OTT platform offering over 100 courses and more than 3,300 hours of digital content, alongside a network of 30 offline partner centres. Its services cover school education, JEE and NEET preparation, AI and machine learning (ML) training, coding, digital marketing, accounting, communication skills, and other employability-focused programs. The company also develops and distributes educational content, study materials, learning devices, books, and courseware for online, offline, institutional, and government-led learning initiatives. It works with government bodies, educational institutions, universities, and skill development organisations on academic and vocational training projects. Fusion Klassroom Edutech operates through B2C, B2B, B2B2C, and B2G business models, with its offline partner centres primarily located in Maharashtra and a digital learner base across India.
Pros
- • The company claims to operate a hybrid education ecosystem with both online and offline delivery models. It operates an AI-powered Education OTT platform alongside 30 offline partner centres, allowing it to offer academic coaching, competitive exam preparation, and skill development through multiple learning formats.
- • The company claims to have built a diversified business model across multiple customer segments. It serves individual learners (B2C), institutions (B2B), channel partners (B2B2C), and government bodies (B2G), with revenue generated from digital subscriptions, offline coaching, institutional projects, content licensing, books, learning devices, and educational materials.
- • The company claims to have established partnerships with government bodies, educational institutions, and skill development organisations. According to the prospectus, it has worked on projects with organisations such as NSDC, MSSDS, TSSC, PM Shri Schools, Jawahar Navodaya Vidyalaya, and various state government initiatives related to education and skill development.
Cons
- • The company recorded negative cash flows from investing activities amounting to Rs 12.43 crore, Rs 5.95 crore, and Rs 1.76 crore in FY26, FY25, and FY24, respectively. During the same period, it generated positive cash flows from operating activities of Rs 10.71 crore, Rs 3.55 crore, and Rs 0.94 crore, and positive cash flows from financing activities of Rs 2.48 crore, Rs 3.33 crore, and Rs 0.96 crore. The negative investing cash flows resulted in a net decrease in cash and cash equivalents. If such cash outflows continue or increase in the future, they could adversely affect the company’s operations, liquidity, and financial condition.
- • A significant portion of the company’s revenue is concentrated in a few states, particularly Uttar Pradesh, Maharashtra, and Rajasthan. Revenue from Uttar Pradesh stood at Rs 9.81 crore (42.60%), Rs 4.73 crore (46.86%), and Rs 2.62 crore (57.16%) in FY26, FY25, and FY24, respectively. Revenue from Maharashtra contributed Rs 6.17 crore (26.76%), Rs 3.00 crore (29.71%), and Rs 1.93 crore (42.03%), while Rajasthan contributed Rs 5.53 crore (24.00%), Rs 2.34 crore (23.21%), and Rs 0.03 crore (0.76%) during the same period. Any adverse economic, political, regulatory, social, or natural developments in these states could hurt the company’s operations, financial condition, and cash flows.
- • The company operates in a highly competitive and fragmented education industry. It competes with established education platforms, regional coaching institutes, digital learning companies, and independent educators offering courses through online and offline channels. If the company is unable to differentiate its offerings, adapt to changing learning preferences, or compete on pricing and service quality, it could result in lower enrolments, reduced market share, and adversely affect the company’s business, profitability, and financial condition.
Get real-time IPO alerts on WhatsApp
Opening reminders • Subscription updates • GMP alerts • Allotment results
Start WhatsApp Alerts