Klassroom IPO Oversubscribed 1.18X On Day 3 Till Now
Edtech startup Klassroom’s IPO was completely subscribed on the final day of bidding. As of 13:20 IST, the issue received…
Edtech company Klassroom's IPO saw overwhelming demand, with retail investors heavily participating. As of 13:20 IST on the third day of the bidding, the issue was 1.18 times oversubscribed, driven by a 1.56 times oversubscription of retail investors' allocation. Non-institutional investors also showed increased interest, subscribing 1.02 times their quota.
Institutional buyers, however, remained relatively quiet, with their allocation still 68% undersubscribed. Klassroom, slated to debut on the BSE SME platform on August 7 (Friday), plans to raise ₹39 Crore through its IPO. The funds will be utilized for technological improvements, content creation, marketing, and debt repayment. The startup's financials show a significant rise, with net profit increasing by 162% to ₹7.6 Crore in FY26 from ₹2.9 Crore in FY25, and operating revenue growing by 128% to ₹23 Crore.
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