{
  "id": 80031,
  "title": "Klassroom IPO: Issue Subscribed 91% On Day 2 So Far",
  "url": "https://urgent.news/2026/08/03/klassroom-ipo-issue-subscribed-91-on-day-2-so-far",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T09:31:46.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/klassroom-ipo-issue-subscribed-91-on-day-2-so-far/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Edtech startup Klassroom's BSE SME IPO saw strong investor demand on the second day of bidding, with 91% subscription as of 14:20 IST on Monday. Retail investors have been particularly bullish, oversubscribing their quota by 1.2X, while qualified institutional buyers and non-institutional investors also subscribed their quotas at 68% and 63% respectively. The IPO, priced between ₹151-159, aims to raise ₹39 Cr, with the company planning to use the net proceeds for tech upgrades, content development, marketing, and debt repayment. Klassroom posted a net profit of ₹7.6 Cr in FY26, a 162% increase from ₹2.9 Cr in FY25, and operating revenue of ₹23 Cr, up 128% from ₹10 Cr in the prior year.",
  "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."
}