{
  "id": 122064,
  "title": "Klassroom IPO Oversubscribed 1.18X On Day 3 Till Now",
  "url": "https://urgent.news/2026/08/04/klassroom-ipo-oversubscribed-1-18x-on-day-3-till-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T08:23:37.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/klassroom-ipo-oversubscribed-1-18x-on-day-3-till-now/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Edtech startup Klassroom’s IPO was completely subscribed on the final day of bidding. As of 13:20 IST, the issue received…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}