Updated · GMP, subscription and listing data refresh through the day.
Market capitalisation is the post-issue share count in the offer document’s capital structure (93,16,873 shares) multiplied by the upper end of the price band, ₹159. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | ₹4.62 | ₹10.11 | ₹23.1 |
| Expenses | ₹4.19 | ₹7.01 | ₹13.59 |
| Net profit (PAT) | ₹0.34 | ₹2.9 | ₹7.6 |
| PAT margin | 7.4% | 28.7% | 32.9% |
| Total assets | ₹4.48 | ₹12.06 | ₹25.46 |
The pre-issue register for this issue isn’t available yet.
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue percentages are taken from the disclosure, never estimated.
| Application | Shares | Amount at ₹159 |
|---|---|---|
| Individual investor (min)minimum application | 1,600 | ₹2,54,400 |
The minimum application is 1,600 shares, ₹2,54,400 at the ₹159 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Strengths and risk factors from this issue’s prospectus aren’t available yet.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Fusion Klassroom, the registrar is Maashitla Securities Private Limited — allotment is finalised in the days between the issue closing on 04 Aug 2026 and listing on 07 Aug 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: Maashitla. Your bank will also show the blocked amount released if shares were not allotted.
As of 5 Sept, 9:17 pm the Fusion Klassroom IPO is subscribed 1.47× overall: QIB 1×, non-institutional 1.35× and retail 1.8×. Figures are the exchange's consolidated demand across NSE and BSE.
The retail portion is subscribed 1.8× as of 5 Sept, 9:17 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.
NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.
Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹159 upper band means the grey market is dealing at ₹159.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.