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Crizac Limited IPO

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BSE,NSE 02 July - 04 July 2025
Crizac Limited IPO IPO is a book build issue of 860 Cr. The issue is entirely a offer for sale of 35102040 shares aggregating to 860 Cr. Crizac Limited IPO IPO opened for subscription on Jul 02, 2025 and closed on Jul 04, 2025. The allotment for the this IPO was finalized on Jul 07, 2025. IPO was listed on NSE and BSE on Jul 09, 2025. Crizac Limited IPO IPO is set issue price band at ₹233 to ₹245 per share.

Current GMP

₹41 (+16.73%)

Price Band

₹ 233 – 245

Lot Size

61

Issue Size

₹860 Cr

Minimum Investment

₹14945 (61 Shares)

Listing Date

09 July 2025

Subscription

59.82x

About the Company

Crizac Limited, established in 2011, is a B2B education platform that provides international student recruitment solutions to higher education institutions across the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand. The company connects educational institutions with a global network of agents through its proprietary technology platform. Over the years, Crizac has built a strong presence in international student recruitment, particularly from India to the UK, leveraging long-standing relationships with universities and tailored recruitment strategies.

As of March 31, 2025, Crizac had approximately 10,362 registered agents globally, with 3,948 active agents—2,237 based in India and 1,711 spread across more than 39 countries, including the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Ghana, Kenya, Vietnam, Canada, and Egypt. From FY 2023 to FY 2025, the company processed over 7.11 lakh student applications and collaborated with more than 173 global higher education institutions, such as the University of Birmingham, Coventry University, and Swansea University. The company’s operations are based in India with co-primary offices in London and consultants located in countries like Cameroon, China, Ghana, and Kenya.

With a workforce of 368 employees and 12 consultants as of FY 2025, Crizac has grown significantly, achieving a compound annual growth rate (CAGR) of 100.18% in revenue from operations between FY 2015 and FY 2025. Crizac continues to support students and parents seeking quality global education and assists institutions in expanding their international student base through a scalable, tech-enabled recruitment platform.

Promoters

  1. Dr. Vikash Agarwal
  2. Pinky Agarwal
  3. Manish Agarwal
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

79.94%

Objects of the Issue

 The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. 

Address / Contact Info

Crizac Limited
Wing A, 3 rd Floor, Constantia Building,
11, Dr. U.N. Brahmachari Street,
Shakespeare Sarani,
Kolkata, West Bengal, 700017

Phone: +91 33 3544 1515
Email: compliance@crizac.com
Website: http://www.crizac.com/

IPO Snapshot

Face Value₹2 per share
Price Band₹ 233 – 245
Lot Size61
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 0.00 Cr
Offer for Sale₹ 860.00 Cr
Total Issue Size₹ 860.00 Cr
Listing AtBSE,NSE
Industry
Sector
QIB Quota28.57%
BNII Quota14.29%
SNII Quota7.14%
Retail Quota50%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Crizac Limited IPO is a Book-building IPO worth ₹860 crores. The price band is ₹233 to 245 per share. The IPO opens on Wed, Jul 2, 2025 and closes on Fri, Jul 4, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Crizac Limited IPO opens on Wed, Jul 2, 2025 and closes on Fri, Jul 4, 2025

Crizac Limited IPO Price Band is ₹233 to 245.

Crizac Limited IPO lot size is 61, and the minimum amount required for application is ₹14945.

The minimum investment for Crizac Limited IPO is approximately ₹14945 based on the upper price band.

To apply for the Crizac Limited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jul 4, 2025. After submission, funds are blocked until the basis of allotment of Crizac Limited IPO is finalised.

Crizac Limited IPO issue size is ₹860 crores.

Crizac Limited IPO allotment date is Sat, Jun 27, 2026.

The registrar for Crizac Limited IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Crizac Limited IPO through their official website or helpline.

The Crizac Limited IPO GMP (Grey Market Premium) is ₹41 as of Wed, Jul 9, 2025. Based on the upper price band of ₹245 per share, the estimated Crizac Limited IPO listing price is ₹286, indicating a potential listing gain of approximately 31% over the issue price.