Crizac IPO

Crizac IPO is a bookbuilt issue of Rs 860.00 crore. This issue is entirely a fresh issue of 3.51 crore shares with no offer for sale.

The IPO opens for subscription on July 02, 2025, and closes on July 04, 2025. The allotment is expected to be finalized on Monday, July 07, 2025. The price band for the IPO is set at ₹233 to ₹245 per share, and the minimum lot size for an application is 61 shares.

Company Summary

Incorporated in 2011, Crizac Limited is a B2B education platform for agents and global institutions of higher education, offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ).

For the 6 months ended September 30, 2024, and Fiscals March 31, 2024, March 31, 2023, and March 31, 2022, the company sourced applications for enrollment into global institutions of higher education from over 75 countries through our agents globally who are registered on our proprietary technology platform.

The company processed over 5.95 lakh student applications while working with over 135 global institutions of higher education.

As of September, 2024, the company have around 7,900 agents globally who are registered on the proprietary technology platform and during Fiscal 2024, we had 2,532 active agents (i.e., agents from whom the Company has received applications during Fiscal 2024) (Active Agents) comprising 1,524 Active Agents in India and around 40% Active Agents i.e., 1,008 Active Agents in over 25 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.

The company has consultants in multiple countries, including Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the company had a team of 329 employees and 10 consultants with extensive experience in the international educational landscape.

Company Financials

Period Ended

31 Mar 2025

31 Mar 2024

31 Mar 2023

Assets

879.62

592.91

304.99

Revenue

884.78

763.44

571.85

Profit After Tax

152.93

118.90

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 ₹ Crore                          

Objectives of the IPO

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

Promoters of the company

Dr. Vikash Agarwal, Pinky Agarwal and Manish Agarwal are the promoters of the company.

IPO Details

IPO Date

July 2, 2025 to July 4, 2025

Listing Date

July 9, 2025

Face Value

₹2 per share

Price Band

₹233 to ₹245 per share

Lot size

61 shares

Total Issue size

3,51,02,040 shares (aggregating up to ₹890.00 Cr)

Fresh issue

3,51,02,040 shares (aggregating up to ₹890.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

Lot Allocation Details

Application

Lots

Shares

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)

67

4026

₹9,86,370

B-HNI (Min)

68

4087

₹10,01,315

Allotment Schedule

Basis of Allotment

Mon, Jul 7, 2025

Initiation of Refunds

Tue, Jul 8, 2025

Credit of Shares to Demat

Tue, Jul 8, 2025

Tentative Listing Date

Wed, Jul 9, 2025

Cut-off time for UPI mandate confirmation

5 PM on July 4, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

NII (HNI) Shares Offered

Not less than 15% of the Net Offer

To check allotment, click here

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