Crizac Limited - IPO
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Crizac IPO Subscription
Crizac IPO Application Wise Breakup (Approx)
Crizac IPO Dates
- 02 Jul 2025Opening dateOPD
- 04 Jul 2025Closing dateCOD
- 07 Jul 2025Basis of AllotmentBOA
- 08 Jul 2025Initiation of RefundsIOR
- 08 Jul 2025Credit of SharesCOS
- 09 Jul 2025Listing dateLID
Crizac IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 61 | ₹14,945 |
| Retain 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 Limited 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
Equirus Capital Private Limited
Anand Rathi Securities Limited