Mumbai : Fusion Klassroom Edutech Limited (“Company”), one of India’s fast-growing hybrid edtech platforms offering K-12 education, competitive examination preparation, professional upskilling and AI/ML learning solutions, has announced the launch of its Initial Public Offering (“IPO”), scheduled to open on Friday, July 31, 2026, and close on Tuesday, August 4, 2026. The Anchor Investor Bid/Issue Period will open on Thursday, July 30, 2026, one working day before the issue opening.
The Initial Public Offering comprises a Fresh Issue of up to 19,89,400 equity shares and an Offer for Sale of up to 4,65,800 equity shares, aggregating to 24,55,200 equity shares with a face value of ₹10 each. The price band, minimum bid lot and issue size will be announced prior to the issue opening in accordance with SEBI regulations.
This Offer is being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”), provided that our Company, in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which forty per cent shall be reserved as (i) 33.33 per cent for domestic mutual funds; and (ii) 6.67 per cent for life insurance companies and pension funds.
In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not
less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders (out of which one third shall be reserved for Bidders with Bids exceeding ₹2 lakhs and up to ₹10 lakhs and two-thirds shall be reserved for Bidders with Bids exceeding ₹10 lakhs) and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other subcategory of Non-Institutional Portion, subject to valid Bids being received at or above the Offer Price and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
All potential Bidders (except Anchor Investors) are required to mandatorily utilize the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts.
Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” on page 281 of this Red Herring Prospectus.
The Net Proceeds will be utilized for the prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; expenditure towards Technology & AI/ML Model Development, Servers and Cloud Infrastructure; funding the capital expenditure towards Content Development; funding the capital expenditure towards the procurement of desktops and laptops for the new Offline Centers’ AI/ML labs; expenditure towards marketing initiatives; and funding inorganic growth through unidentified acquisitions and general corporate purposes (collectively, referred to herein as the “Objects”).
Narnolia Financial Services Limited is the Book Running Lead Manager to the Issue and Maashitla Securities Private Limited is the Registrar to the Issue. The Equity Shares are proposed to be listed on the BSE SME Platform.