Fusion Klassroom Edutech has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step towards its public listing. The company operates in the education technology sector. This filing provides investors with the first detailed look at the company’s financials, business model, and the structure of the proposed public issue.

Company Overview

Fusion Klassroom Edutech is positioned in the edutech sector. While specific operational details are limited in the current filing data, the company is seeking to raise capital through this initial public offering to support its growth trajectory and business expansion plans.

Offer Details

The IPO features a defined price band and minimum bidding requirements for retail investors. Below are the key offer parameters as per the DRHP:

The minimum bid quantity is set at 1600 shares. The issue size ranges from a minimum of 241600 to a maximum of 186093600.

Financial Highlights

Specific financial data such as revenue, profit trends, or key ratios were not provided in the available dataset for this stage. Investors should refer to the full DRHP document filed with SEBI for comprehensive financial statements.

Risk Factors

Detailed risk factors are not specified in the provided data. Typically, DRHPs outline risks related to market competition, regulatory changes, and operational challenges. Investors are advised to review the complete prospectus for material risks.

Valuation & Peer Comparison

Valuation metrics and peer comparisons are not available in the current data set. As this is an early stage filing, comparative analysis will become more relevant as the issue progresses to the subscription phase.

Bottom Line

Fusion Klassroom Edutech’s DRHP filing sets the stage for its IPO. With a price band between ₹151.00000 and ₹159.00000, investors should monitor further updates regarding the final issue size and subscription dates.

Fusion Klassroom Edutech Limited, a Mumbai-based hybrid education technology company, has filed its Draft Red Herring Prospectus (DRHP) for an SME IPO to raise capital for expansion and debt repayment. The company operates a scalable learning ecosystem integrating offline partner centres with an AI-powered Education OTT platform, serving over 6,00,000 registered users across India. The IPO is scheduled to open on 31-Jul-2026 and close on 04-Aug-2026, with allotment on 05-Aug-2026 and listing on 07-Aug-2026.

Financial Performance

Fusion Klassroom Edutech demonstrated significant financial growth in the fiscal years leading up to the IPO. Revenue from operations surged from ₹4.58 crore in FY2024 to ₹23.04 crore in FY2026, representing a growth of approximately 403% over two years. The company's profitability also expanded, with total profit after tax growing from ₹0.34 crore in FY2024 to ₹7.60 crore in FY2026.

Key Financial Metrics (₹ Cr)

The company reported strong return ratios, with a Return on Equity (ROE) of 53.45% and a Return on Capital Employed (ROCE) of 45.60% as of FY2026. Total assets grew to ₹25.46 crore in FY2026 from ₹4.48 crore in FY2024.

Objects of the Issue

The net proceeds from the Fresh Issue will be utilised for specific growth and debt reduction initiatives. The total identified use of proceeds amounts to ₹21.59 crore.

Funds are also allocated for inorganic growth through unidentified acquisitions and general corporate purposes, though this amount was not quantified in the draft document.

Business Operations and Risks

The company operates through a multi-channel model including B2C, B2B2C, B2B, and B2G segments. It manages 30 offline partner centres and an AI-powered OTT app offering 100+ courses. Key operational metrics include 2,66,986 subscribers and 74,000 active users.

Despite the growth, the DRHP highlights several risk factors. The company faces high customer concentration, with the top customer contributing 40.11% of total revenue in FY2026 and the top five customers accounting for 75.65%. Geographic revenue is also concentrated, with the top three states—Uttar Pradesh, Maharashtra, and Rajasthan—contributing approximately 93.36% of total revenue. Additionally, the company reported a history of delays in statutory filings, including ROC form delays ranging from 8 to 2,958 days.

Management Team

The leadership team includes Mrs. Alka Nikhil Javeri as Managing Director and Mr. Dhumil Nikhil Javeri as Chief Executive Officer. The CFO role is listed for both Mr. Dhruv Nikhil Javeri and Mr. Pratik Gamot. The board comprises several directors including Mrs. Bhumika Atul Dedhia, Mr. Saurabh Rameshchandra Singh, and Mrs. Sonal Agarwal.