Fusion Klassroom Ipo
Fusion Klassroom IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Narnolia Financial Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 31, 2026 |
| IPO Close Date | August 4, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹151 to ₹159 Per Share |
| Issue Size | Approx ₹39.04 Crores |
| Fresh Issue | Approx ₹31.63 Crores |
| Offer for Sale: | Approx 4,65,800 Equity Shares |
| Issue Type | Book built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1600 | ₹2,54,400 |
| Retail Maximum | 2 | 1600 | ₹2,54,400 |
| S-HNI Minimum | 3 | 2,400 | ₹3,81,600 |
| S-HNI Maximum | 7 | 5,600 | ₹8,90,400 |
| B-HNI Minimum | 8 | 6,400 | ₹10,17,600 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 6,96,800 Shares | 28.38% |
| QIB (Ex. Anchor) | 4,64,800 Shares | 18.93% |
| NII Shares Offered | 3,52,800 Shares | 14.37% |
| Retail Shares Offered | 8,17,600 Shares | 33.30% |
| Anchor Bidding Date | July 30, 2026 |
| Anchor Investors List | |
| Shares Offered | 6,96,800 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | July 31, 2026 |
| IPO Close Date: | August 4, 2026 |
| Basis of Allotment: | August 5, 2026 |
| Refunds: | August 6, 2026 |
| Credit to Demat Account: | August 6, 2026 |
| IPO Listing Date: | August 7, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 73,27,473 | 55.07% |
| Promoter Holding Post Issue | 93,16,873 | 39.53% |
| Purpose | Crores |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | ₹2.36 |
| Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure | ₹6.71 |
| Funding the capital expenditure towards Content Development | ₹5.35 |
| Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers AI/ML labs | ₹1.95 |
| Expenditure towards marketing initiatives | ₹5.22 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹4.62 | ₹4.19 | ₹0.34 | ₹4.48 |
| 2025 | ₹10.11 | ₹7.01 | ₹2.90 | ₹12.06 |
| 2026 | ₹23.10 | ₹13.59.01 | ₹7.60 | ₹25.46 |
| KPI | Values |
| ROE: | 53.45% |
| ROCE: | 45.60% |
| EBITDA Margin: | 56.38% |
| PAT Margin: | 32.99% |
| Debt to equity ratio: | 0.19 |
| Earning Per Share (EPS): | ₹13.96 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 53.45% |
| Net Asset Value (NAV): | ₹25.22 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Physicswallah Limited | (0.08) | NA | (15.96%) | 15.80 | 3,899.54 Cr. |
| MPS Limited | 102.11 | 18.42 | 29.05% | 349.00 | 768.40 Cr. |
| Verand Learning Solutions Limited | 11.84 | NA | 13.54% | 99.60 | 481.51 Cr. |
| Arihant Academy Limited | 15.04 | 31.18 | 27.15% | 55.40 | 63.43 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |