Crizac IPO
Crizac IPO(CRIZAC)
Overview
Crizac IPO is a bookbuilding of ₹860.00 crores. The issue is entirely an offer for sale of 3.51 crore shares. Crizac IPO opens for subscription on July 2, 2025 and closes on July 4, 2025. The allotment for the Crizac IPO is expected to be finalized on Monday, July 7, 2025. Crizac IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 9, 2025. Crizac IPO price band is set at ₹233 to ₹245 per share. The minimum lot size for an application is 61. The minimum amount of investment required by retail investors is ₹14,213. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,945. The minimum 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 Private Limited, Anand Rathi Securities Limited are the book running lead managers of the Crizac IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue. Refer to Crizac IPO RHP for detailed information.
Total Shares
3,51,02,040
Issue Size
₹860.00 Cr
Price Band
₹233 – ₹245
Lot Size
61 shares
Min. Investment
₹14,945
Max. Investment
₹1,94,285
Open Date
02 Jul, 2025
Close Date
04 Jul, 2025
Allotment
07 Jul, 2025
Listing
09 Jul, 2025
Max. Investment
₹1,94,285
Announced
02 Jul, 2025
Opening Date
02 Jul, 2025
Closing Date
04 Jul, 2025
Basis of Allotment
07 Jul, 2025
Initiation of Refunds
08 Jul, 2025
Credit of Shares
08 Jul, 2025
Listing Date
09 Jul, 2025
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About Crizac IPO
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 highe
Share Price Crizac IPO
Issue Breakdown
Shareholding
Dilution: 0.0% increase in shares
Crizac IPO Promoter
Crizac IPO Financial Health
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.
Crizac IPO Lot Size
Investors can bid for a minimum of 61 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 66 | 4026 | ₹9,86,370 |
| B-HNI (Min) | 67 | 4087 | ₹10,01,315 |
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹1,94,285 |
| S-HNI (Min) | 14 | 854 | ₹2,09,230 |
(All values in CR)
Crizac IPO Valuation
The market capitalization of Crizac IPO is ₹4287.07 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| EBITDA Margin | 25.05 |
| PAT Margin | 17.28 |
| Price to Book Value | 8.48 |
| ROCE | 40.03 |
| ROE | 30.24 |
| RoNW | 30.24 |
(All values in CR)
Crizac IPO Strength & Risk
Crizac IPO Strength:
Leading global student recruitment platform with strong UK university presence
13% of Indian students going to UK universities in 2023 recruited via Crizac
Rapid financial growth: FY24 revenue at ₹530 crore; strong profit margins
Consistent CAGR of 81% over FY14–23
Wide agent network: 5,300+ agents across 72 countries
Tied up with 140+ global universities and institutions
Strong return on net worth (34%) and robust operating efficiency
Crizac IPO Risk:
High revenue concentration: top 10 institutions contribute 82% of revenue
Heavy dependence on agent network for student sourcing
Susceptible to foreign exchange fluctuations due to global operations
Geographic concentration risk in a few countries
Regulatory risk from changes in visa and education laws abroad
Entire IPO is Offer for Sale (OFS); company will not receive fresh capital
Crizac IPO GMP
The GMP for Crizac IPO has started from 2 session. It is still very early to determine the direction of the GMP.
Last updated 27 Jun, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 27 Jun, 2025 | 245 | ₹0 | - | ₹245 (0.00%) | - | 27 Jun, 2025 |
| 28 Jun, 2025 | 245 | ₹0 | - | ₹245 (0.00%) | - | 28 Jun, 2025 |
| 26 Jul, 2025 | 0 | ₹0 | - | - | - | 26 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Crizac IPO
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Go to IPO Section
Find Crizac IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.