Present paper deals with the development of geopolymer foam prepared from ground F class power station fly ash. The effect of the fly ash fineness on the rheology of the geopolymer paste and the foam properties have been investigated. The raw fly ash was ground in a ball mill for various duration, 5, 10, 20, 30, 60 and 120 min. Geopolymer paste was prepared from the raw and ground fly ash with NaOH – sodium silicate mixture as alkaline activator. Geopolymer foam production was made using H2O2 as foaming agent. Additionally, the geopolymer material structure was investigated by Fourier transform infrared spectrometer, the foam cell structure was monitored using optical microscopy. The rheological behaviour of the geopolymer paste changed due to the grinding of fly ash (from Bingham plastic to Newtonian liquid). Grinding of fly ash has a significant effect on the physical properties as well as on the cell structure of the geopolymer foam.