Fusion Klassroom Edutech, which operates the Klassroom education platform, has set a worth band of Rs 151 to Rs 159 a share for its IPO.

The SME IPO will open on Friday, 31 July, and shut on Tuesday, 4 August. Bidding by anchor traders is scheduled for 30 July.

The supply contains a recent concern of as much as 19.89 lakh shares and a proposal on the market of as much as 4.66 lakh shares, taking the whole variety of shares on supply to 24.55 lakh.

On the higher finish of the worth band, the general IPO could be price about Rs 39.04 crore. The recent concern would elevate roughly Rs 31.63 crore for the corporate, whereas the supply on the market by current shareholders could be price about Rs 7.41 crore.

Fusion Klassroom won’t obtain any proceeds from the offer-for-sale part.

The higher worth would give the corporate an implied post-issue market capitalisation of about Rs 148.14 crore.

The minimal bid is 1,600 shares, with additional bids permitted in multiples of 800 shares.

The corporate’s shares are proposed to be listed on the BSE SME platform, with a tentative itemizing date of seven August.

Fusion Klassroom obtained in-principle itemizing approval from BSE SME on 6 Might after submitting its draft crimson herring prospectus on 18 February. Its crimson herring prospectus is dated 22 July.

How will the cash be used?

In keeping with the prospectus, Fusion Klassroom plans to make use of Rs 6.71 crore from the online proceeds to develop its expertise, AI and machine-learning fashions, servers and cloud infrastructure.

It has allotted Rs 5.35 crore for content material improvement, together with academic video manufacturing, enhancing, subtitles, audio evaluation and skills-based programs.

An additional Rs 2.36 crore will probably be used to repay or prepay sure borrowings, whereas Rs 1.95 crore has been earmarked for desktops and laptops for AI and machine-learning laboratories at new offline centres.

The corporate additionally plans to spend Rs 5.22 crore on advertising and marketing.

The remaining internet proceeds are meant to assist unidentified acquisitions and basic company functions, topic to the boundaries set out within the prospectus.

The cash raised by the supply on the market will go to the shareholders promoting their shares reasonably than to the corporate.

What does Klassroom do?

Fusion Klassroom was integrated in November 2016 and was based by Alka Javeri, Dhruv Javeri and Dhumil Javeri.

It supplies Ok-12 schooling, preparation for aggressive {and professional} examinations, vocational coaching, skilled upskilling and AI and machine-learning programs.

The enterprise combines a web-based schooling platform with offline educating centres. It additionally works with academic establishments, firms, authorities companies and skills-development our bodies to offer digital content material, classroom coaching and AI and machine-learning laboratories.

The corporate reported 659,048 registered customers, 266,986 complete subscribers and 74,000 lively customers as of 31 March 2026.

It additionally reported working 30 offline centres on the finish of the monetary 12 months. Nonetheless, the prospectus says a few of its companies are delivered by independently managed third-party accomplice centres.

The registered-user complete contains free and demonstration customers, registrations made for testing and customers acquired by workshops, occasions and different outreach programmes. It ought to subsequently not be handled because the variety of paying clients.

Income and revenue rise

Fusion Klassroom’s income from operations elevated to Rs 23.04 crore within the monetary 12 months ending March 2026, from Rs 10.09 crore a 12 months earlier, an increase of 128.42%, whereas PAT elevated by 161.73% to Rs 7.60 crore, in contrast with Rs 2.90 crore within the earlier monetary 12 months.

The corporate’s prospectus additionally highlights customer-concentration danger.

Its largest buyer accounted for 40.11% of income from operations within the 2026 monetary 12 months, whereas its 5 greatest clients contributed 75.65%.

The corporate additionally generated a major share of its income by business-to-business subscriptions, channel companions, distributors and government-related initiatives, alongside gross sales to particular person learners.

Suniel Shetty not an investor

The prospectus addresses earlier stories that described actor Suniel Shetty as an investor in Fusion Klassroom.

It stated Shetty “has backed sure social and schooling initiatives undertaken by the Firm as a mentor and isn’t an investor within the Firm”.

Narnolia Monetary Companies is the only real book-running lead supervisor for the IPO, whereas Maashitla Securities is the registrar.