July 9, 2025
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Crizac IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Crizac IPO?
On 9th July, the IPO is listed at Rs. 281.05 as anticipated by the grey market.
Subscription Status
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 141.27 | 92.95 | 54.32 | 80.07 | 10.74 | 62.89 |
| Applications: 19,21,366 | |||||
| Subscription Review: strong subscription trend observed. | |||||
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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