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Valuation
Market Cap
₹148.14 Cr
P/E Ratio
11.39x
P/B Ratio
6.30x
Klassroom Edutech IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Business Overview
Fusion Klassroom Edutech Limited, incorporated in 2016 and headquartered in Mumbai, operates a hybrid education ecosystem spanning 30 offline partner centres and an AI-powered Education OTT App offering 100+ courses across academics, competitive exams and skill development. The Company serves over 6 lakh registered users and 2 lakh+ paid subscribers. Klassroom has executed large government and institutional partnerships, including a Government of Rajasthan MoU, PM Shri Schools and Jawahar Navodaya Vidyalaya rollouts, and a Uttar Pradesh girl-child digital education initiative. Alliances with NSDC, TSSC and MSSDS support its expansion into AI/ML training, positioning Klassroom as a scaled, technology-led player in India's hybrid K-12, test-prep and skilling market.
Lots & IPO Size
Klassroom Edutech IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 1,600 | ₹2,54,400 |
| Ind (Max) | 2 | 1,600 | ₹2,54,400 |
| S-HNI (Min) | 3 | 2,400 | ₹3,81,600 |
| S-HNI (Max) | 7 | 5,600 | ₹8,90,400 |
| B-HNI (Min) | 8 | 6,400 | ₹10,17,600 |
Market Maker
₹1.23 L
Employee
₹0.00
Shareholder
₹0.00
Klassroom Edutech IPO Size
Total
₹39 Cr
Fresh Issue
₹32 Cr
(0.20 Cr
Shares)
Offer For Sale
₹7 Cr
(0.05 Cr
Shares)
Promoters₹6 Cr
Others₹2 Cr
Objects of the Issue
Prepayment or repayment of borrowings
Technology & AI/ML Model Development, Servers and Cloud Infrastructure
Capital expenditure towards Content Development
Capital expenditure for Desktops and Laptops for new Offline Centres (AI/ML labs)
Marketing Initiatives
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The Company does not own any of its operating properties; failure to renew leases on favourable terms could disrupt operations or increase costs.
Key Risk Factors
The Company does not own any of its operating properties; failure to renew leases on favourable terms could disrupt operations or increase costs.
The Company recorded negative cash flow from investing activities in FY2026, FY2025 and FY2024; sustained negative cash flow could impact growth.
Revenue is geographically concentrated, with Uttar Pradesh contributing 42.60% of FY2026 revenue; adverse regional developments could hurt operations.
The Company's success depends on attracting and retaining students; failure to sustain enrolments or engagement could hurt business and reputation.
Media reports have incorrectly named Suniel Shetty as an investor in the Company; such misreporting could mislead investors and affect perception.
The Company has had past instances of delayed ROC filings (e.g. ADT-1, PAS-3, MGT-14, INC-27), with delays of up to 192 days, though now regularized.
The Company has had delays in GST payment and filing in a few instances; though cleared with interest, recurrence could affect compliance standing.
The Company's success depends on attracting and retaining faculty members; consultant faculty attrition has ranged up to 25.33% in recent fiscals.
Failures or disruptions in the Company's IT systems, digital platforms and OTT application could impair education delivery and financial performance.
The Company depends on key employees and senior management; inability to attract or retain such personnel could adversely affect its business.
Klassroom Edutech IPO Details Live GMP
GMP
₹0
Est. Price
₹159
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|
Klassroom Edutech IPO Peer Comparison
(Rs. in crores)
| Particulars | Klassroom Edutech | Physicswallah | MPS | Veranda Learning | Arihant Academy |
|---|---|---|---|---|---|
| Revenue | 23.04 | 3,899.54 | 768.40 | 481.51 | 63.43 |
| PAT | 7.60 | -24.17 | 173.20 | 129.75 | 9.11 |
| EPS (₹) | 13.96 | -0.08 | 102.11 | 11.84 | 15.04 |
| NAV (₹) | 25.22 | 15.80 | 349.00 | 99.60 | 55.40 |
| RONW | 53.45% | -15.96% | 18.42% | 13.54% | 31.18% |
| EBITDA | 56.38% | 8.15% | 30.73% | 42.36% | 22.21% |
| PAT Mrgn | 32.99% | -0.62% | 23.00% | 26.95% | 14.36% |
All information pertains to FY 2025-26.
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 30, 2026 for Peers
Klassroom Edutech IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 23.04 | 10.09 | 4.58 |
| PAT | 7.60 | 2.90 | 0.34 |
| Net Worth | 18.41 | 10.03 | 3.92 |
| Borrowings | 3.43 | 1.01 | 0.32 |
| Assets | 25.46 | 12.06 | 4.48 |
| NAV (₹) | 25.22 | 14.29 | 5.65 |
| EPS (₹) | 13.96 | 5.36 | 0.63 |
Key Performance Indicators (KPIs)
EBITDA
56.38%
PAT
32.99%
ROE
53.45%
ROCE
45.60%
Debt to Equity
0.19
All the data pertains to FY 2025-26.
PE, PB, and market capitalization are calculated based on the Upper Price Band.
Klassroom Edutech IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 23.04 | 10.09 | 4.58 |
| Other Income | 0.06 | 0.02 | 0.04 |
| Total Income | 23.10 | 10.11 | 4.62 |
| Operating Expenses | 6.75 | 3.06 | 1.22 |
| Changes in Inventories | -2.76 | -0.71 | 0.00 |
| Employee Expense | 1.12 | 0.60 | 0.45 |
| Finance Costs | 0.45 | 0.21 | 0.09 |
| Depreciation | 3.09 | 0.78 | 0.53 |
| Other Expenses | 4.94 | 3.08 | 1.90 |
| Total Expenses | 13.59 | 7.01 | 4.19 |
| Profit Before Tax | 9.51 | 3.10 | 0.43 |
| Tax Expense | 1.91 | 0.19 | 0.09 |
| Profit After Tax | 7.60 | 2.90 | 0.34 |
| EPS — Basic (₹) | 13.96 | 5.36 | 0.63 |
| EPS — Diluted (₹) | 10.41 | 4.14 | 0.50 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 7.33 | 0.02 | 0.02 |
| Reserves & Surplus | 11.09 | 10.01 | 3.90 |
| Total Equity | 18.41 | 10.03 | 3.92 |
| Total Borrowings | 3.43 | 1.01 | 0.32 |
| Trade Payables | 0.89 | 0.51 | 0.00 |
| Short-term Provisions | 1.63 | 0.02 | 0.02 |
| Other Liabilities | 1.10 | 0.49 | 0.23 |
| Total Equity & Liab | 25.46 | 12.06 | 4.48 |
| Fixed Assets | 18.39 | 7.11 | 3.82 |
| Inventories | 3.48 | 0.71 | 0.00 |
| Trade Receivables | 0.60 | 0.66 | 0.00 |
| Cash & Bank Bal | 2.30 | 3.41 | 0.59 |
| Other Assets | 0.69 | 0.16 | 0.08 |
| Total Assets | 25.46 | 12.06 | 4.48 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| CF from Operating Activities | 10.71 | 3.55 | 0.94 |
| CF from Investing Activities | -12.44 | -5.95 | -1.76 |
| CF from Financing Activities | 2.48 | 3.33 | 0.96 |
| Net Change in Cash & Equivalents | 0.76 | 0.92 | 0.14 |
| Cash & Equivalents at End of Period | 2.25 | 1.49 | 0.57 |
Promoter Holding
Promoter
55.06%
Public
44.94%
Alka Nikhil Javeri
28.46%
Dhruv Nikhil Javeri
13.13%
Dhumil Nikhil Javeri
13.13%
Others
0.34%
Management
Dhruv Nikhil Javeri
Age: 40
MD & CFO
Remuneration
₹₹27.00 Lakhs p.a. (remuneration & perquisites)
Education
B.E. (Electronics & Telecommunication)
Prior Experience
11+ years in IT/banking; 20+ years as maths tutor; leads finance, tech and digital transformation.
Dhumil Nikhil Javeri
Age: 38
Joint MD & CEO
Remuneration
₹₹27.00 Lakhs p.a. (remuneration & perquisites)
Education
B.E. (Electronics & Telecommunication)
Prior Experience
18+ years in education; taught 10,000+ students; leads operations, B2B sales and centre expansion.
Alka Nikhil Javeri
Age: 64
WTD (Chairperson)
Remuneration
₹₹27.00 Lakhs p.a. (remuneration & perquisites)
Education
B.A. (Economics)
Prior Experience
Founded Aadeshwar Academy in 2008; 40+ years in education; oversees academic strategy and governance.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Fusion Klassroom Edutech Limited
Address: Matruprabha, Plot No-78, CTS No-2731, Daulat Nagar Road 7, Borivali East, Mumbai - 400066, Maharashtra, India
Number: +91 8655678159
Email: companysecretary@klassroom.in
Website: https://klassroom.in
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Frequently Asked Questions (FAQs)
What is Klassroom Edutech IPO?
Klassroom Edutech IPO is a SME IPO having an issue size of
₹39 Crs.
Klassroom Edutech IPO is priced at
₹151 - ₹159 per
share.
The
issue opens on 31 Jul 26
and
closes on 04 Aug 26.
When will Klassroom Edutech IPO open?
Klassroom Edutech IPO opens on
31 Jul 26 and closes on
04 Aug 26.
What is the GMP of Klassroom Edutech IPO?
The estimated Grey Market Premium of Klassroom Edutech IPO is
₹0 per share (0.00%).
What is the lot size of Klassroom Edutech IPO?
The minimum lot size of Klassroom Edutech IPO is
800 shares & the minimum application amount
is
Rs.
127200.
When is the allotment of Klassroom Edutech IPO?
The allotment date of Klassroom Edutech IPO is
05 Aug 26.
What is the listing date of Klassroom Edutech IPO?
The listing date of Klassroom Edutech IPO is
07 Aug 26.
What is the subscription of Klassroom Edutech IPO?
Klassroom Edutech IPO is subscribed
-.
What is the price band of Klassroom Edutech IPO?
Klassroom Edutech IPO is priced at
₹151 - ₹159 per
share.
How to check allotment status of Klassroom Edutech IPO?
Click the allotment link on Klassroom Edutech IPO page of IPO360.
How to apply Klassroom Edutech IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Klassroom Edutech IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Klassroom Edutech IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Klassroom Edutech IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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