Now Reading: Klassroom Edutech Lists at 6.9% Premium, Closes 5% Above Issue Price
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Klassroom Edutech Lists at 6.9% Premium, Closes 5% Above Issue Price
Klassroom Edutech Lists at 6.9% Premium, Closes 5% Above Issue Price
Shares of Fusion Klassroom Edutech closed their first trading session on the BSE SME platform at Rs 166.75, up 5% from the issue price of Rs 159 but 2% below the listing…
The Story in Brief
Shares of Fusion Klassroom Edutech closed their first trading session on the BSE SME platform at Rs 166.75, up 5% from the issue price of Rs 159 but 2% below the listing price of Rs 170. The company’s market capitalisation ended at Rs 155.4 crore.
The Rs 39.04 crore IPO, comprising a fresh issue and an offer for sale, was subscribed 1.46 times. Proceeds will fund technology upgrades, content development, offline expansion and debt repayment. Founded in 2016, Klassroom operates a hybrid learning platform with over 30 offline centres in Mumbai, 6 lakh registered users and 2 lakh paid subscribers. It posted operating revenue of Rs 23 crore in FY26, up 128%, and net profit of Rs 7.6 crore.
The Indian Opinion
The modest listing and flat close suggest investors remain cautious about edtech after the Byju’s collapse, despite Klassroom’s profitability. The company’s hybrid model and multilingual push are smart, but the real test is whether an AI tutor and offline centres can scale without burning cash. Numbers to watch: can it maintain 128% revenue growth while keeping profits intact in an already crowded space?
Source: inc42.com
This story was synthesised by AI from the source linked above.
