Fusion Klassroom Edutech IPO
Fusion Klassroom Edutech IPO is an SME IPO raising ₹39 Cr at ₹151 – ₹159 a share. It listed on 7 Aug 2026 at ₹170, +6.9% against its issue price of ₹159, and trades at ₹185 today (+16.4% since issue). It was subscribed 1.47× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs159. Checked: exchange issue size Rs39 Cr vs derived Rs39 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 63% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Physicswallah Limited | — | -15.96% | ₹-0.86 |
| MPS Limited | 21.39× | 31.12% | ₹87.8 |
| Verand Learning Solutions Limited | — | -97.93% | ₹-34.73 |
| Arihant Academy Limited | 61.99× | 13.8% | ₹7.34 |
| This issue | 15.3× | 53.45% | ₹10.41 |
derived: cut-off price Rs159 / stated EPS Rs10.41 (FY26 (year ended March 31, 2026) diluted EPS, restated, post-bonus issue (Dec 24, 2025)). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.