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Crizac IPO

Crizac IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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What is the latest news relating to Crizac IPO?   

On 4th March 2025, the company has received green signal to its IPO. Now on 2nd July, it will enter the capital market.

What is the latest GMP of Crizac IPO?   
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Crizac IPO Subscripion Status

QIB B HNI X S HNI X NII X RII X Total X
           
Applications: 
 
Subcription Review:

 

What are the promoters of Crizac IPO?   
Dr. Vikash Agarwal, Pinky Agarwal and Manish Agarwal are the promoters of the company.

What are the Objects of Crizac IPO?

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

What is the business of Crizac?

Incorporated in 2011, Crizac Limited is a B2B education platform specializing in international student recruitment solutions for global institutions of higher education. The company serves institutions across the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ), enabling recruitment through a global network of education agents.

For the six months ended September 30, 2024, and for the financial years ended March 31, 2024, 2023, and 2022, Crizac sourced student enrollment applications from over 75 countries via agents registered on its proprietary technology platform.

To date, the company has processed more than 595,000 student applications and partnered with over 135 global higher education institutions.

As of September 2024, Crizac had approximately 7,900 registered agents globally. During Fiscal 2024, 2,532 agents were active—defined as those from whom the company received student applications. Of these, 1,524 were based in India, while the remaining 1,008 active agents (around 40%) operated across more than 25 countries, including the United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, and Egypt.

Crizac also maintains a team of consultants in key international markets such as Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the company employed 329 staff members and engaged 10 consultants with deep expertise in the global education ecosystem.

Crizac IPO GMP, Particulars & Guidance

IPO Details 
IPO opens on  2 July 2025
IPO closes on  4 July 2025
Issue Type Book Built Issue IPO
Issue Size 35102040 Shares /
Rs 860 Crore
* Fresh Issue – Sh /
Rs – Crore
* Offer for Sale  35102040 Shares /
Rs 860 Crore
   
Face Value per share: Rs. 2
Price Band  Rs.233-245
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  61
Listing will at  BSE, NSE
Shares offered in
this IPO?
Shares Rs.
in Crore
QIB (50 %)  17551020 430.00
NII (15 %)    5265306 129.00
RII (35 %)  12285714 301.00
Employees    
Total Shares  35102040 860.00
Retail portion will be oversubscribed by   Forms.
How to apply in this IPO? Amount
Rs.
Min Retail  61 14945
Max Retail  793 194285
Small HNI (Min)  854 209230
Small HNI (Max)  4026 986370
Big HNI  4087 1001315
What is the timetable of the IPO?
IPO opens on 2 July 2025
IPO Closes on 4 July 2025
IPO Allotment on 7 July 2025
Unblocking of Asba 8 July 2025
Credit of Shares 8 July 2025
Listing of Shares 9 July 2025
Registered Office of the company
Crizac Limited
Wing A, 3 rd Floor, Constantia Building,
11, Dr. U.N. Brahmachari Street,
Shakespeare Sarani,
Kolkata, West Bengal, 700017
Lead Managers of the IPO
Equirus Capital Pvt ltd
Anand Rathi Securities ltd
Registrar to IPO
Mufg Intime India Pvt ltd

Crizac IPO Financials

Period Ended 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 152.93 118.9 112.14
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 Rs. Crore

Key Indicators

KPI Values
ROE 30.24%
ROCE 40.03%
RoNW 30.24%
PAT Margin 17.28%
EBITDA Margin 25.05%
EPC 8.74
PE Ratio 28.03

How Crizac IPO compares with the Peers?
Peer Comparison.

Company Name P/E (x) RoNW (%)
Crizac Limited 28.03 30.38
Indiamart 27.18 25.2
IEL Education Ltd  7.86 25.51

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Crizac IPO review by Paresh Gordhandas, CA & Research Analyst.

Incorporated in 2011, Crizac Limited is a B2B education platform specializing in international student recruitment solutions for global institutions of higher education. The company serves institutions across the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ), enabling recruitment through a global network of education agents.

To date, the company has processed more than 595,000 student applications and partnered with over 135 global higher education institutions.
During last 3 years, the company has shown strong profitability and growth potential. The shares are offered at somewhat higher valuation. and hence small listing gains are anticipated.
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Crizac IPO GMP

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