Comparison between Fusion Klassroom Edutech IPO and Happy Steels IPO.
Fusion Klassroom Edutech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Happy Steels IPO is a SME Bookbuilding proposed to list at NSE SME.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Master Capital Services Ltd. Share India Capital Services Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Fusion Klassroom Edutech IPO is up to ₹0.00 Cr whereas the issue size of the Happy Steels IPO is up to ₹23.75 Cr. The final issue price of Fusion Klassroom Edutech IPO is and of Happy Steels IPO is ₹66.00 per share.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | |
| Issue Price (Upper) | ₹66.00 per share | |
| Issue Price (Final) | ₹66.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | |
| Fresh Issue Size | 19,89,400 shares | 35,98,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹23.75 Cr |
| OFS Issue Size | 4,65,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 24,55,200 shares | 35,98,000 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹23.75 Cr |
Fusion Klassroom Edutech IPO opens on , while Happy Steels IPO opens on Jul 09, 2026. The closing date of Fusion Klassroom Edutech IPO and Happy Steels IPO is , and Jul 13, 2026, respectively.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | |
| Issue Open | Jul 09, 2026 | |
| Issue Close | Jul 13, 2026 | |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | |
| Credit of Share (Tentative) | Jul 15, 2026 | |
| Listing date (Tentative) | Jul 16, 2026 | |
| Anchor Lockin End date 1 | Aug 13, 2026 | |
| Anchor Lockin End date 2 | Oct 12, 2026 |
Fusion Klassroom Edutech IPO P/E ratio is , as compared to Happy Steels IPO P/E ratio of 9.76.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Happy Steels Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 203% between the financial year ending with March 31, 2026 and March 31, 2025.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 55.06 | 99.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.29 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 41.66 | 19.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.92 | 20.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.10 | 1.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 41.66 | 17.76 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Fusion Klassroom Edutech IPO Retail Individual Investors (RII) are offered 0 shares while in Happy Steels IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Fusion Klassroom Edutech IPO and 7,22,000 shares in Happy Steels IPO.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 10,76,000 shares |
| Market Maker Reservation | 0 shares | 1,90,000 shares |
| QIB | 0 shares | 7,22,000 shares |
| NII | 0 shares | 5,40,000 shares |
| RII | 0 shares | 12,60,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 0 shares | 35,98,000 shares |
Fusion Klassroom Edutech IPO subscribed in total, whereas Happy Steels IPO subscribed 54.54x.
| Fusion Klassroom Edutech IPO | Happy Steels IPO | |
|---|---|---|
| QIB (times) | 59.01x | |
| NII (times) | 113.60x | |
| Big NII (times) | 128.77x | |
| Small NII (times) | 83.26x | |
| RII (times) | 73.25x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 54.54x |
