Allotment

Crizac IPO is a book-built public issue aggregating ₹860.00 crore, comprising entirely an offer for sale of 3.51 crore equity shares. The IPO opened for subscription on July 2, 2025, and closed on July 4, 2025. The basis of allotment was finalized on July 7, 2025, and the equity shares were subsequently listed on both the BSE and NSE on July 9, 2025.
The IPO was offered at a price band of ₹245 per share, with a lot size of 61 shares. Retail investors were required to make a minimum investment of ₹14,213. For non-institutional investors, the minimum investment for sNII was 14 lots (854 shares) amounting to ₹2,09,230, while bNII investors had to apply for 67 lots (4,087 shares) amounting to ₹10,01,315.
Equirus Capital Pvt. Ltd. acted as the book running lead manager for the issue, while MUFG Intime India Pvt. Ltd. served as the registrar.
₹2450%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 9 Jul |
| IPO Listing Date | 9 Jul |
| IPO Face Value | ₹2 per share |
| IPO Price Range | ₹245.00 |
| IPO Issue Size | 3,51,02,040 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 17,49,82,500 shares |
| IPO Open Date | 2 Jul |
| IPO Close Date | 4 Jul |
| IPO Allotment (Tentative) | 7 Jul |
| Refunds | 8 Jul |
| Credit to Demat Account | 8 Jul |
| IPO Listing Date | 9 Jul |
| Category | Offer |
|---|---|
| QIB Shares Offered | 73,81,973 Shares |
| NII (HNI) Shares Offered | 55,36,481 Shares |
| Retail Shares Offered | 1,29,18,455 Shares |
Investors can apply for a minimum of 61 shares and in multiples of 61 shares thereafter.
| Application | Lots | Share | 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 |
Incorporated in 2011, Crizac Limited operates as a B2B education platform that connects student recruitment agents with global higher education institutions across key international markets, including the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand. The company provides end-to-end international student recruitment solutions through its proprietary technology platform.
During the six months ended September 30, 2024, and across fiscal years 2022 to 2024, Crizac sourced student applications from more than 75 countries via its global network of registered agents. It has processed over 5.95 lakh student applications while collaborating with more than 135 international higher education institutions.
As of September 2024, the company had approximately 7,900 agents registered on its platform, with 2,532 active agents in FY2024. Of these, 1,524 were based in India, while around 40%—1,008 agents—operated across over 25 overseas countries, including the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Canada, Vietnam, and several African nations. Crizac is supported by a team of 329 employees and 10 international consultants, providing strong on-ground expertise in the global education ecosystem.
| Assets | 879.62 | 592.91 | 304.99 |
| Total Income | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.9 | 112.14 |
| EBITDA | 212.82 | 72.64 | 107.29 |
| NET Worth | 505.71 | 341.81 | 221.37 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
| ROE | 30.24% |
| ROCE | 40.03% |
| Debt/Equity | - |
| RoNW | 30.24% |
| PAT Margin | 17.28% |
| EBITDA Margin | 25.05% |
| Price to Book Value | 8.48 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Crizac Ltd. Address
Wing A, 3 rd Floor, Constantia Building,
11, Dr. U.N. Brahmachari Street,
Shakespeare Sarani,
Kolkata, West Bengal, 700017
+91 33 3544 1515
compliance@crizac.com
http://www.crizac.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
crizac.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html