Crizac IPO Details
MAINBOARD
Crizac IPO opens for subscription on 02 Jul 2025 and closes on 04 Jul 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 09 Jul 2025.
Crizac IPO price band has been fixed at ₹233 – ₹245 per share.The face value is ₹2 per share with a lot size of 61.
Crizac IPO total issue size comprises 3,51,02,040 shares (aggregating up to ₹860.00 Cr). This includes a fresh issue of 3,51,02,040 shares (aggregating up to ₹860.00 Cr). Pre-issue shareholding stands at 1,74,98,250, which will increase to 1,74,98,250 post-issue.
Crizac IPO carries a ₹41 (16.73%) GMP, reflecting investor sentiment.
Crizac IPO Lot Size : Retail Minimum is 1 lot (61 shares) amounting to ₹14,945. Retail Maximum is 13 lots (793 shares) amounting to ₹194,285. SHNI Minimum is 14 lots (854 shares) amounting to ₹209,230. SHNI Maximum is 66 lots (4,026 shares) amounting to ₹986,370. BHNI Minimum is 67 lots (4,087 shares) amounting to ₹1,001,315.
The Lead Managers for Crizac IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Equirus Capital Pvt Ltd, Anand Rathi Advisors Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Crizac Limited RHP.
Crizac IPO Details
Crizac IPO Subscription
Crizac IPO Application Wise Breakup (Approx)
Crizac IPO Dates
- 02 Jul 2025Opening dateOpen
- 04 Jul 2025Closing dateClose
- 07 Jul 2025Allotment Date Allotment
- 08 Jul 2025Initiation of RefundsRefund
- 08 Jul 2025Credit of SharesCredit
- 09 Jul 2025Listing dateListing
Crizac IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 61 | ₹14,945 |
| Retail Maximum | 13 | 793 | ₹194,285 |
| SHNI Minimum | 14 | 854 | ₹209,230 |
| SHNI Maximum | 66 | 4026 | ₹986,370 |
| BHNI Minimum | 67 | 4087 | ₹1,001,315 |
Crizac IPO Reservation
Promoter Holding
Documents
Crizac IPO Valuations
Crizac Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 877.74 | 591.03 |
| Revenue | 884.78 | 658.62 |
| Profit After Tax | 152.93 | 117.92 |
| EBITDA | 212.82 | 71.66 |
| Net Worth | 341.81 | 505.71 |
| Reserves and Surplus | 304.15 | 468.37 |
| Total Borrowing | 0.08 | 0.08 |
| Amount in ₹ Crore | ||
About Crizac IPO
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.
Strength Of Crizac IPO
1. One of the leading provider of international recruitment solutions with significant experience of catering to global institutions of higher education;
2. Well entrenched relationship with global network of institutions of higher education across diverse disciplines;
3. Wide ranging network of educational agents for sourcing students for recruitment.
4. Scalable proprietary technology platform.
5. Experienced Promoters supported by able professionals with strong domain expertise.
6. Track record of financial performance and consistent growth.
Risk Of Crizac IPO
1. The Company is heavily dependent on few global institutions of higher education for its revenue. Any loss of such global institutions of higher education may have an adverse impact on its business, results of operations and financial conditions.
2. The company is heavily dependent on the service of its agents. Loss of any or all such agents may have an adverse impact on its business, results of operations and financial conditions.
3. Its success depends on the company continued collaboration with global institutions of higher education. Its inability to maintain the company collaboration with such global institutions of higher education may have an adverse impact on its business, results of operations and financial conditions.
4. Its source of revenue is concentrated to certain geographical locations and its inability to operate and grow the company's business in such countries may have an adverse effect on its business, financial condition, result of operation, cash flow and future business prospects.
5. The global institutions of higher education with whom the company work have differing criteria to determine its eligibility to earn revenues from education consultancy services.
6. Proforma Consolidated Financial Information included in this Draft Red Herring Prospectus is presented for illustrative purposes only and may not accurately reflect its financial condition and results of operations.
7. Any change in the regulations or legislations in relation to VISA from foreign countries could adversely affect its ability to conduct the company's business and impact its financial conditions.
8. Any disruption or failure in its proprietary technology platform or the company information technology systems or security breaches in its information technology systems may adversely affect its business, results of operations and prospects.
9. A significant portion of its revenues are from outside India. Adverse foreign currency exchange rate fluctuations could adversely impact its business, results of operation and financial condition.
10. The company is highly dependent on the services of its Promoters, its key managerial personnels and the company members of senior management. Any loss of their services may impair its ability to operate effectively and may have an adverse impact on its business and financial condition.
Objectives Crizac IPO
To be announced
Company Contact Details
Crizac Limited
Wing A, 3 rd Floor, Constantia Building,
11, Dr. U.N. Brahmachari Street,
Shakespeare Sarani,
Kolkata, West Bengal, 700017
Phone: +91 33 3544 1515
Email: compliance@crizac.com
Website: http://www.crizac.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Crizac IPO - FAQs
The Crizac IPO is a MAINBOARD public issue comprising 35102040 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹860.00 Cr. The issue price has been fixed at ₹245 per equity share, and the minimum application size is 61 shares.
The IPO opens for subscription on 02 Jul 2025, and closes on 04 Jul 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹41 (16.73%).