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Allotment

CRIZAC LIMITED

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.

CRIZAC LIMITED IPO & Charts
₹245

0%

Open

₹245

HIgh - Low

₹245

Previous Close

₹245

Total Traded Value

0

52 Weeks High

₹245

52 Weeks Low

₹245

Updates On

Jun 25, 2025

IPO. Open

Jul 2, 2026

IPO. Close

Jul 4, 2026

IPO. Price

₹245.00

IPO Market price

₹4,287.07 Cr

IPO Details

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 Timeline

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

IPO Reservation

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

IPO Lot Size

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
About Company

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.

Crizac Ltd. reported healthy financial growth, with revenue increasing by 16% and profit after tax (PAT) rising by 29% between the financial years ended March 31, 2025 and March 31, 2024.

Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

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/

Detail Registrar

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

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