Fusion Klassroom Edutech came to market through an SME IPO that opened on 31 July 2026 and closed on 4 August 2026, and the shares listed on 7 August 2026 on BSE SME. The price band was ₹151 to ₹159 per share and one lot was 800 shares, so the minimum application was ₹1,27,200. The issue size was ₹39.04 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹170, a gain of 6.9% against the issue price of ₹159. Maashitla Securities Pvt.Ltd was the registrar to the issue, and Narnolia Financial Services Ltd was the lead manager.
As of 4 August 2026.
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Overall the issue was subscribed 1.58 times.
Fusion Klassroom Edutech Ltd., which was incorporated in 2016, is an educational technology organization that specializes in providing professional and competitive examination coaching by using digital and hybrid forms of learning in several cities. The firm provides training for CA, CS, CMA, and other examinations related to commerce subjects. The company makes use of classroom teaching along with online platforms to facilitate learning. Business Model:
B2C – Education OTT & Offline Learning Skill Development & Employability Programs B2B2C, B2B & B2G Institutional Partnerships Klassroom Edutech is running a scalable hybrid learning system consisting of 30 offline partner centers, an artificial intelligence (AI)-based Education OTT App having 100+ courses, and over 400K+ registered users nationwide including 1 lakh+ subscribers and 1 lakh+ mobile app downloads. As on July 22, 26, 2022, the company's manpower strength stands at 26 employees.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Fusion Klassroom Edutech Limited finalised its anchor investor allocation on July 30, 2026, raising ₹11.08 crore from 6 institutional investors at an anchor price of ₹159 per share. The anchor book comprises 6,96,800 equity shares allocated across non-mutual fund institutional investors. Subhkam Ventures (I) Private Limited received the largest allocation at 27.10%, followed by Craft Emerging Market Fund PCC – Elite Capital Fund, Kuber India Opportunity Fund, and Ekamya Pragati Scheme I each at 18.14%.
Narnolia Velox Fund – Narnolia India Opportunity Fund received 9.30% while Milltrust International Investments SPC – GIS Narnolia Emerging India Fund SP received 9.18%.
Alka Nikhil Javeri, Dhruv Nikhil Javeri, Dhumil Nikhil Javeri. Promoter holding 55.07% before the issue and 39.53% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Fusion Klassroom Edutech IPO was a ₹39.04 crore book-built issue, comprising a fresh issue of ₹31.63 crore and an offer for sale of ₹7.41 crore. It was priced at ₹151–₹159 per share with a lot size of 800 shares; the minimum retail application was 1,600 shares (₹2,54,400). The IPO was open from July 31 to August 4, 2026 and was subscribed 1.58x.
Shares listed on BSE SME on August 7, 2026 at ₹170, a 6.9% premium to the issue price of ₹159. Maashitla Securities Pvt. Ltd. is the registrar. Narnolia Financial Services Ltd. is the book running lead manager.
The price band of Fusion Klassroom Edutech IPO is ₹151 to ₹159 per share.
The lot size of Fusion Klassroom Edutech IPO is 800 shares.
The minimum investment for Fusion Klassroom Edutech IPO is approximately ₹2,54,400 based on the upper price band.
The allotment date of Fusion Klassroom Edutech IPO is Aug 5, 2026.
You can check Fusion Klassroom Edutech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Fusion Klassroom Edutech IPO allotment status on Rupix for quick and easy access.
₹151 to ₹159 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,27,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,27,200, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 31 July 2026 and closed on 4 August 2026.
The basis of allotment was published on 5 August 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 August 2026 on BSE SME, opening at ₹170.
The issue size was ₹39.04 crore. The fresh issue was 19,89,400 shares (aggregating up to ₹31.63 crore). The offer for sale was 4,65,800 shares (aggregating up to ₹7.41 crore).
It listed at ₹170 against an issue price of ₹159, a gain of 6.9 percent on listing day.