Crizac Limited IPO
MainboardInternet & Catalogue Retail
Listed On: Jul 9, 2025 at ₹ 281.05(NSE)
₹ 14945 /61 Shares
Check AllotmentPrice Summary
Last Closing
328.01 (33.88%)52 Week High
363.8052 Week Low
275.00Last Update
11-Jul-2025 3:30 PM02 Jul, 2025
Open Date04 Jul, 2025
Close Date07 Jul, 2025
Allotment Date09 Jul, 2025
Listing DateIssue Price
₹233-245 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Link Intime)List Price
281.05(NSE)Listing Date
2025-07-09Market Lot
Retail : 61 Shares (₹14,945/-)S-HNI : 854 Shares (₹2,09,230/-)
B-HNI : 4,087 Shares (₹10,01,315/-)
Lead Manager
Equirus Capital Private LimitedAnand Rathi Securities Limited
Issue Size
OFS : 3,51,02,040 shares(aggregating up to ₹860.00 Cr)Retail Portion
35% (Number of Retail Applications: 2,01,405 Approx),(Number of S-HNI Applications : 2,055 Approx),
(Number of B-HNI Applications : 4,110 Approx)
Subscription
59.82 timesCrizac Limited IPO Details
Crizac Limited IPO is a book-built issue of ₹860 crores, The total issue size is ₹860 crores. The IPO of Crizac Limited is priced at ₹233-245 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jul 2, 2025 and ends on Jul 4, 2025. The allotment for Crizac Limited IPO will be finalized on Jul 7, 2025. Crizac Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 9, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.
Retail investors can bid for a minimum of 61 shares, extendable to 14,945. S-HNIs will be able to bid for 854 shares at ₹2,09,230, while B-HNIs can also apply for a bid of 4,087 shares at ₹10,01,315. The book-running lead manager for the IPO is/are Equirus Capital Private Limited , Anand Rathi Securities Limited .
an Offer for Sale (OFS) of 3,51,02,040 shares to mop up ₹860 crore.
The Crizac Limited IPO sets its price band at 233-245 for each share. A single application for Crizac Limited IPO must contain at least 61 shares. Sentiment investors need to invest a minimum of 61 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,945 In order to participate in the sNII, investors must purchase at least 14 lots of 854 shares for ₹2,09,230, while the bNII requires 67 lots of 4,087 shares for an investment of ₹10,01,315.
Crizac Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 70,20,407 | 52,65,306 35,10,204 17,55,102 | 1,22,85,714 | 2,45,71,427 |
| Day 1 - 02-07-25 05:00 PM | 0.09 x | 0.62 0.56 x 0.73 x | 0.60 x | 0.46 x |
| Day 2 - 03-07-25 05:00 PM | 0.15 x | 6.28 6.00 x 6.85 x | 2.72 x | 2.75 x |
| Day 3 - 04-07-25 05:00 PM | 134.35 x | 76.15 88.40 x 51.67 x | 10.24 x | 59.82 x |
Crizac Limited Valuations
EPS Pre IPO
₹8.74/-EPS Post IPO
₹8.74/-P/E Pre IPO
28.03P/E Post IPO
28.03ROE
30.24%ROCE
40.03%Debt/Equity
RoNW
30.24%PAT Margin
17.28%Price to Book Value
8.48Crizac Limited Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 879.62 | 592.91 | 304.99 |
| Revenue | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.90 | 112.14 |
| Net Worth | 505.71 | 341.81 | 221.37 |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
About The Company
Established in 2011, Crizac Limited is a B2B education platform for global institutions of higher learning and agents of higher education which provides international student recruitment services to global institutions of higher learning in the United Kingdom, Republic of Ireland, Canada, Australia and New Zealand (ANZ).
During the 6 months ended September 30, 2024 and Fiscals March 31, 2024, March 31, 2023 and March 31, 2022, the company received applications for admission to global institutions of higher learning from more than 75 countries through our agents worldwide who are listed on our company-owned technology platform.
The company processed more than 5.95 lakh student applications during collaboration with more than 135 global institutions of higher learning.
As of September, 2024, the company have approximately 7,900 agents across the world who are registered on the company's proprietary technology platform and as of Fiscal 2024, we have 2,532 active agents (i.e., agents from whom the Company has received applications during Fiscal 2024) (Active Agents) consisting of 1,524 Active Agents in India and approximately 40% Active Agents i.e., 1,008 Active Agents in more than 25 countries abroad including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.
The firm has consultants in several nations, such as Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the firm had 329 employees and 10 experienced consultants working in the global educational sector.
Crizac Limited - Strength and Weakness
Processed over 7.11 lakh student applications across 173 global institutions.
Operates with 10,362 registered agents, including 3,948 active agents globally.
Strong presence in the UK education space with long-term partnerships.
Over 95% of revenue in Fiscal 2025 came from the UK market.
Loss of key institutions may affect business and financial stability.
Visa policy changes in major countries may disrupt student enrolments.
Geopolitical tensions may reduce student inflow to partnered countries.
Crizac Limited - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Crizac Limited | N/A | 28.76 | 30.38% | 849 |
| Indiamart Intermesh | N/A | 27.18 | 25.20% | 1,388 |
| IEL Education | N/A | 7.86 | 25.20% | 103 |
Crizac Limited - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Dr. Vikash Agarwal
- Pinky Agarwal
- Manish Agarwal
Crizac Limited IPO - Issue Objectives
- The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Crizac Limited IPO - Anchor Investors
Marquee institutions such as Allianz Global Investors, Pinebridge Global Fund, Societe Generale, and LC Pharos Multi Strategy Fund joined anchor book of the B2B education platform providing cross-border international student recruitment solutions to global higher education institutions in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand.
ICICI Prudential Mutual Fund, Shamyak Investment, Bandhan Mutual Fund, 360 ONE Equity Opportunity Fund, Carnelian Bharat Amritkaal Fund, Kotak Mahindra Life Insurance Company, and Axis Max Life Insurance, among others also invested in the company through anchor book.
Other Details
Crizac Limited
Wing A, 3 rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, 700017MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: crizac.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Crizac Limited IPO - FAQs
Ans. Crizac Limited IPO is a Mainboard IPO. The issue is priced at ₹233-245 per equity share. The minimum order quantity is 61 Shares. The IPO opens on Jul 2, 2025, and closes on Jul 4, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Crizac Limited IPO opens on Jul 2, 2025 and closes on Jul 4, 2025.
Ans. The size of Crizac Limited IPO is OFS : 3,51,02,040 shares(aggregating up to ₹860.00 Cr).
Ans. The IPO price band is set between ₹233-245 per equity share.
Ans. To apply for Crizac Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Crizac Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Crizac Limited IPO is Jul 7, 2025.
Ans. The Crizac Limited IPO will be listed on Jul 9, 2025.
Ans. Follow the steps to check the allotment status for Crizac Limited IPO here.
