Crizac Limited IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 02 Jul 2025
Close Date
Fri, 04 Jul 2025
Price Band
₹ 233 – 245
Lot Size
61
Issue Size
₹ 860.00 Cr
Minimum Investment
₹ 14,945 (61 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Crizac Limited IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹860.00 Crore and an offer for sale (OFS) of 3.51 Crore equity shares aggregating to ₹860.00 Crore by the existing shareholders.
The Crizac Limited IPO remained open for subscription from July 02, 2025, to July 04, 2025. The basis of allotment was finalized on July 07, 2025, and the company's shares were listed on the NSE and BSE on July 09, 2025.
The company had fixed the price band at ₹233 to ₹245 per share, with a lot size of 61 shares. Retail investors were required to make a minimum investment of ₹14,945 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Equirus Capital Private Limited, and Anand Rathi Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Crizac Limited IPO is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Crizac Limited IPO Timeline (Tentative)
- IPO Open Date
- Wed, 02 Jul 25
- IPO Close Date
- Fri, 04 Jul 25
- Basis of Allotment
- Mon, 07 Jul 25
- Initiation of Refunds
- Tue, 08 Jul 25
- Credit of Shares to Demat
- Tue, 08 Jul 25
- Listing Date
- Wed, 09 Jul 25 — NSE & BSE
Open Date
02 July 2025
Close Date
04 July 2025
Basis Of Allotment
07 July 2025
Listing Date
09 July 2025
IPO Subscription
Check Live Subscription →The Crizac Limited IPO has received bids for 1,54,56,80,464 shares against 2,58,36,909 shares offered, resulting in an overall subscription of 59.82x. the NII category is subscribed 76.15x, Retail Investors 10.24x, and QIBs 134.35x. Within the NII category, BNII is subscribed 88.4x, while SNII is subscribed 51.67x.
QIB
134.35x
NII
76.15x
BNII
88.4x
SNII
51.67x
RII
10.24x
Total
59.82x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,29,18,455 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 73,81,973 shares (28.57%), while Non-Institutional Investors (NIIs) receive 55,36,481 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 7,381,973 | 28.57% |
| Non-Institutional | 5,536,481 | 21.43% |
| BNII | 3,690,988 | 14.29% |
| SNII | 1,845,493 | 7.14% |
| Retail Investors | 12,918,455 | 50% |
| Total | 25,836,909 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 879.62 | 592.91 | 304.99 |
| Revenue | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.9 | 112.14 |
| Net Worth | 505.71 | 341.81 | 221.37 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 0.08 | 0.08 | 0.08 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Crizac Limited IPO KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 30.24 |
| ROCE % | 40.03 |
| RoNW % | 30.24 |
| Pat Margin % | 17.28 |
Peers Comparison
No Peer Comparision Available
About Crizac Limited IPO
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.
Crizac Limited IPO Promoters
- Dr. Vikash Agarwal
- Pinky Agarwal
- Manish Agarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
79.94%
Crizac Limited IPO Objective
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Crizac Limited IPO Address / Contact Details
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
Crizac Limited IPO Lot Size
The Crizac Limited IPO has a lot size of 61 shares. Retail investors require a minimum investment of ₹14,945 by applying for 1 lot (61 shares). The maximum application allowed for the retail category is 13 lots (793 shares), requiring an investment of ₹1,94,285.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 61 | 14,945.00 |
| Retail (Max) | 13 | 793 | 194,285.00 |
| S-HNI (Min) | 14 | 854 | 209,230.00 |
| S-HNI (Max) | 66 | 4,026 | 986,370.00 |
| B-HNI (Min) | 67 | 4,087 | 1,001,315.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Equirus Capital Private Limited
- Anand Rathi Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Crizac Limited IPO?
Crizac Limited IPO is a Book-building IPO with a total issue size of ₹860 crore. The Crizac Limited IPO price band is ₹233 to 245 per share. The Crizac Limited IPO subscription opens on Wed, Jul 2, 2025, and closes on Fri, Jul 4, 2025. The Crizac Limited IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Crizac Limited IPO.
When will the Crizac Limited IPO open for subscription?
The Crizac Limited IPO opens on Wed, Jul 2, 2025 and closes on Fri, Jul 4, 2025
What is Crizac Limited IPO Price Band?
Crizac Limited IPO Price Band is ₹233 to 245 per share.
What is Crizac Limited IPO Lot Size?
Crizac Limited IPO lot size is 61 shares, Retail investors need a minimum investment of ₹14945 based on the upper price band
What is the minimum investment for Crizac Limited IPO?
The minimum investment for Crizac Limited IPO is ₹14945, based on one lot of 61 shares at the upper price band of ₹245 per share.
How to apply for Crizac Limited IPO?
Investors can apply for the Crizac Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jul 4, 2025. The application amount remains blocked until the Crizac Limited IPO allotment is finalized.
What is Crizac Limited IPO Issue Size?
Crizac Limited IPO issue size is ₹860 crores.
What is the Crizac Limited IPO Allotment Date?
Crizac Limited IPO allotment date is Mon, Jul 7, 2025.
Who is the Crizac Limited IPO Registrar?
The registrar for Crizac Limited IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Crizac Limited IPO allotment status, refund processing, and other IPO-related information.
What is the Crizac Limited IPO GMP?
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 16.73% over the issue price.
Who is the Crizac Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the Crizac Limited IPO are Equirus Capital Private Limited, and Anand Rathi Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Crizac Limited IPO Red Herring Prospectus (RHP).