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Crizac IPO is a book build issue of ₹860.00 crores. The issue is entirely an offer for sale of 3.51 crore shares of ₹860.00 crore.
Crizac IPO bidding started from Jul 2, 2025 and ended on Jul 4, 2025. The allotment for Crizac IPO was finalized on Jul 7, 2025. The shares got listed on BSE, NSE on Jul 9, 2025.
Crizac IPO price band is set at ₹245.00 per share . The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,213 (61 shares). The lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,09,230, and for bNII, it is 67 lots (4,087 shares), amounting to ₹10,01,315.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Crizac IPO RHP for detailed Information.
| IPO Date | July 2, 2025 to July 4, 2025 |
| Listing Date | July 9, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹233 to ₹245 per share |
| Issue Price Final | ₹245 per share |
| Lot Size | 61 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,51,02,040 shares (aggregating up to ₹860.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,49,82,500 shares |
| Share Holding Post Issue | 17,49,82,500 shares |
Crizac IPO offers total 3,51,02,040 shares. Out of which 1,75,51,020 (50.00%) allocated to QIB, 70,20,408 (20.00%) allocated to QIB (Ex- Anchor), 52,65,306 (15.00%) allocated to NII, 1,22,85,714 (35.00%) allocated to RII and 1,05,30,612 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,75,51,020 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,05,30,612 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 70,20,408 (20.00%) | NA |
| NII (HNI) Shares Offered | 52,65,306 (15.00%) | NA |
| − bNII > ₹10L | 35,10,204 (10.00%) | 4,110 |
| − sNII < ₹10L | 17,55,102 (5.00%) | 2,055 |
| Retail Shares Offered | 1,22,85,714 (35.00%) | 2,01,405 |
| Total Shares Offered | 3,51,02,040 (100.00%) |
Crizac IPO raises ₹258.00 crore from anchor investors. Crizac IPO Anchor bid date is July 1, 2025. Crizac IPO Anchor Investors list
| Bid Date | July 1, 2025 |
| Shares Offered | 1,05,30,612 |
| Anchor Portion Size (In Cr.) | 258.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 4, 2025 |
Crizac IPO opens on July 2, 2025, and closes on July 4, 2025.
| IPO Open Date | Wed, Jul 2, 2025 |
| IPO Close Date | Fri, Jul 4, 2025 |
| Tentative Allotment | Mon, Jul 7, 2025 |
| Initiation of Refunds | Tue, Jul 8, 2025 |
| Credit of Shares to Demat | Tue, Jul 8, 2025 |
| Tentative Listing Date | Wed, Jul 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 4, 2025 |
Investors can bid for a minimum of 61 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹1,94,285 |
| S-HNI (Min) | 14 | 854 | ₹2,09,230 |
| S-HNI (Max) | 66 | 4,026 | ₹9,86,370 |
| B-HNI (Min) | 67 | 4,087 | ₹10,01,315 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Crizac Limited is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ).
For the 6 months ended September 30, 2024 and Fiscals March 31, 2024, March 31, 2023 and March 31, 2022, the company sourced applications for enrollment into global institutions of higher education from over 75 countries through our agents globally who are registered on our proprietary technology platform.
The company processed over 5.95 lakh student applications while working with over 135 global institutions of higher education.
As of September, 2024, the company have around 7,900 agents globally who are registered on the proprietary technology platform and during Fiscal 2024, we had 2,532 active agents (i.e., agents from whom the Company has received applications during Fiscal 2024) (Active Agents) comprising 1,524 Active Agents in India and around 40% Active Agents i.e., 1,008 Active Agents in over 25 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.
The company has consultants in multiple countries, including Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the company had a team of 329 employees and 10 consultants with extensive experience in the international educational landscape.
Crizac Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 879.62 | 592.91 | 304.99 |
| Total Income | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.90 | 112.14 |
| EBITDA | 212.82 | 72.64 | 107.29 |
| Net Worth | 505.71 | 341.81 | 221.37 |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
| Amount in ₹ Crore | |||
The market capitalization of Crizac IPO is ₹4287.07 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 30.24% |
| ROCE | 40.03% |
| RoNW | 30.24% |
| PAT Margin | 17.28% |
| EBITDA Margin | 25.05% |
| Price to Book Value | 8.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.74 | 8.74 |
| P/E (x) | 28.03 | 28.03 |
The Company Crizac IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges |
[Dilip Davda] CL is engaged in assisting students for higher education with global institutions. The company has posted growth in its top and bottom lines for the reported periods. Current shaky global situation may have impact on this company’s working. Based on the recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | July 9, 2025 |
| BSE Script Code | 544439 |
| NSE Symbol | CRIZAC |
| ISIN | INE0S4R01014 |
| Final Issue Price | ₹245 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Crizac Ltd.
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/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: crizac.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Crizac IPO is a main-board IPO of 3,51,02,040 equity shares of the face value of ₹2 aggregating up to ₹860.00 Crores. The issue is priced at ₹245 per share. The minimum order quantity is 61.
The IPO opens on July 2, 2025, and closes on July 4, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Crizac IPO using UPI as a payment gateway. Zerodha customers can apply in Crizac IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Crizac IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Crizac IPO opens on July 2, 2025 and closes on July 4, 2025.
Crizac IPO lot size is 61, and the minimum amount required for application is ₹14,945.
You can apply in Crizac IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Crizac IPO will be done on Monday, July 7, 2025, and the allotted shares will be credited to your demat account by Tuesday, July 8, 2025. Check the Crizac IPO allotment status.
The Crizac IPO listing date is on Wednesday, July 9, 2025.
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