[Update] Klassroom IPO Closes With 1.46X Oversubscription

Update | August 04, 20:10 IST

The public issue of edtech company Klassroom ended the final day of bidding with an oversubscription of 146%. As per BSE data, the IPO received bids for 25.66 Lakh shares against the 17.58 Lakh shares on offer.

Retail investors were the most interested in the public float and oversubscribed their quota by 1.79X. These investors placed bids for 14.64 Lakh shares against the 8.18 Lakh shares reserved for them. 

The portion reserved for non institutional investors (NIIs) was also oversubscribed by 1.35X, with investors placing bids for 6.42 Lakh shares against 4.76 Lakh shares today. 

Qualified institutional buyers (QIBs) also subscribed to their quota, placing bids for only 4.64 Lakh shares reserved for them, translating to 100% subscription of their quota. 

Original | August 04, 13:53 IST

Edtech startup Klassroom’s IPO was completely subscribed on the final day of bidding. As of 13:20 IST, the issue received bids for  20.74 Lakh shares against a total size of 17.58 Lakh shares on offer, translating to an oversubscription of 1.18X. 

The momentum continued to be shouldered by retail investors (RIIs), who have placed the highest number of bids for 12.76 Lakh shares against 8.18 Lakh reserved for them. This reflects a 1.56X oversubscription of their quota. 

Trailing RIIs, interest from non institutional investors (NIIs) also picked pace on the third day of the IPO. These investors have now oversubscribed their quota by 1.02X, bidding for 4.85 Lakh shares compared to 4.76 Lakh shares reserved for them.

Meanwhile, interest from qualified institutional buyers (QIBs) came to a standstill on day three, with their quota still undersubscribed at 68%. These investors have bid for 3.15 Lakh shares against 4.64 Lakh shares reserved for them as of now.

With its IPO completely subscribed now, Klassroom will be making its public market debut on the BSE SME platform on August 7 (Friday).

The public issue comprises a fresh issue of up to 19.89 Lakh shares and an offer for sale of up to 4.66 Lakh shares. At the upper end of the price band of ₹151-159, Klassroom is looking to raise ₹39 Cr via the IPO.

The edtech startup will deploy the net proceeds towards tech upgrades, content development, marketing and brand building, and debt repayment. 

On the financial front, Klassroom posted a net profit of ₹7.6 Cr in FY26, marking almost 162% increase from ₹2.9 Cr in FY25. Operating revenue stood at ₹23 Cr in the year under review, up 128% from around ₹10 Cr in the year prior. 

(The story will be updated shortly)

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