New Delhi, July 31 -- Fusion Klassroom Edutech IPO day 1: The initial public offering (IPO) of educational technology (Edtech) company Fusion Klassroom Edutech opened for public subscription on Friday, 31 July. The SME IPO was witnessing decent response from investors, while grey market sources indicate the stock may list at a modest premium.

Meanwhile, ahead of the IPO, the company raised Rs.11.08 crore from anchor investors by allocating 6,96,800 shares at a price of Rs.159 per share.

According to grey market sources, the grey market premium (GMP) of Fusion Klassroom Edutech shares was Rs.9 on Friday morning. This indicates the stock could list at a premium of about 6% to its issue price.

By 11 pm on Friday, the issue had seen an ove...