Crizac was incorporated on January 03, 2011. The company is one of the leading education platforms offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand
| Bidding Dates |
|---|
| 02 Jul 2025 - 04 Jul 2025 |
| Subscription |
|---|
| 59.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,213 | 1 | 13 | 61 | 35.1 M | ₹233 - ₹245 | 79.94 % | ₹8178.8 M - ₹8600.0 M | RHP DOC |
Crizac IPO SUBSCRIPTION STATUS
04 Jul '25Crizac IPO overall subscription rate was 59.82 times the total available shares
Crizac IPO retail subscription rate was 10.24 times in the retail segment
Crizac IPO non-institutional investor subscription rate was 76.15 times in the non-institutional investor category
Crizac IPO Qualified Institutional Bidder subscription rate was 134.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
04 Jul 2025 (Day 3) | 10.24x | 76.15x | 134.35x |
03 Jul 2025 (Day 2) | 2.72x | 6.28x | 0.15x |
02 Jul 2025 (Day 1) | 0.6x | 0.62x | 0.09x |
Crizac FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 152.9 | 849.5 | 187.3 | 187.5 | 25.1% |
| FY24 | 117.9 | 530.1 | 101.4 | -18.7 | 13.5% |
| FY23 | 110.1 | 274.1 | 51.6 | 50.1 | 38.2% |
Crizac IPO SUBSCRIPTION STATUS DETAILS
Crizac had 35.1 M shares on offer
Crizac IPO offer price was in the range ₹233 - ₹245
Crizac IPO minimum Investment was ₹14213
Crizac IPO issue size was ₹ 8178.8 M - ₹ 8600.0 M
Crizac had a minimum lot size of 61 Shares per application
Crizac NUMBER OF SHARES ON OFFER
Crizac IPO IMPORTANT DATES
| Issue Open Date | 02 Jul 2025 |
| Issue close Date | 04 Jul 2025 |
| Allotment Date | 07 Jul 2025 |
| Refund Date | 08 Jul 2025 |
| Demat Account Credit Date | 08 Jul 2025 |
| Listing Date | 09 Jul 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Crizac Allotment Status | Exchange/ Registrar |
Crizac IPO subscription opened on 02 Jul 2025, and closed on 04 Jul 2025
IPO allotment for Crizac was finalized on Monday, 07 Jul 2025
IPO listing for Crizac was on NSE and BSE on Wednesday, 09 Jul 2025
Crizac IPO LISTING GAINS
| Issue Price (adjusted) | 245.0 |
| Listing Open Price | 281.1 |
| Listing Close Price | 307.6 |
| Listing Gain% | 14.7% |
| Current Gain% | -26.2% |
Crizac Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crizac Ltd. | 180.8 | 3162.8 | 14.3 | 0.4 | 3.1 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Physicswallah Ltd. | 124.7 | 36182.8 | -1608.8 | -18 | 9.3 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.6 | 3348.2 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Shanti Educational Initiatives Ltd. | 207 | 3334.7 | 573.7 | -37 | 58.8 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -15.5 |
| Mobavenue AI Tech Ltd. | 311 | 2332.9 | 66.6 | 0 | 9.5 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 4.7 | 1400.9 |
| Jaro Institute of Technology Management and Research Ltd. | 439 | 977.6 | 17.3 | 0.5 | 3.4 | 14.7 | 12.3 | 285 | 12.2 | 52.9 | 2.4 | 25.4 | 34.8 |
Crizac INFORMATION ON IPO ISSUE
About Crizac
Crizac was incorporated on January 03, 2011. The company is one of the leading education platforms offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand
Object of the Issue
- To achieve the benefits of listing equity shares on the stock exchanges
- To carry out the offer for sale of equity shares by the selling shareholders aggregating to Rs 1,000 crore
Crizac - PROMOTERS
| Name |
|---|
| Vikash Agarwal |
| Pinky Agarwal |
| Manish Agarwal |
Crizac Book Running Lead Manager
Equirus Capital Private Limited
crizac.ipo@equirus.com
Anand Rathi Advisors Limited
ipo.crizac@rathi.com
Crizac Registrar to the Offer
MUFG Intime India Private Limited
crizac.ipo@in.mpms.mufg.com
Crizac Strengths
Leading company
The company is one of the leading providers of international recruitment solutions, with significant experience catering to global institutions of higher education
Wide ranging network
The company boasts a wide-ranging network of educational agents dedicated to sourcing students for recruitment. As of December 31, 2023, it has over 5,300 agents globally
Financial performance
The company has demonstrated a track record of financial performance and consistent growth. It has managed to expand both its revenue and profit without relying on external equity funding or borrowings from lenders
Crizac Risks
Dependent on agents
The company's operations heavily rely on the services of its agents. The loss of any or all of these agents could potentially have an adverse impact on the business, as well as the results of operations and financial condition
Competitive industry
The company operates in a competitive industry. Any inability to compete effectively may result in a lower market share or reduced operating margins
Outstanding dues
The company has outstanding dues to creditors. Failure to pay these dues may have a material adverse effect on the reputation, business, and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 860.0 crore, of 35,102,040 shares.
The promoters of the company are Vikash Agarwal, Pinky Agarwal and Manish Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 233.0 - 245.0.
The IPO application opens on Jul 02, 2025 and closes on Jul 04, 2025.
The minimum lot size for the IPO is 61. The maximum lot size for the IPO is 793.
For all category investors, the minimum application amount for this IPO is Rs. 14,213.0, the maximum value for this IPO is Rs 194,285.0.
This IPO will be allotted on Jul 07, 2025.
The refund will be credited to your account on Jul 08, 2025.
The allotted shares will be credited to your demat on Jul 08, 2025.
Crizac Ltd.’s shares listed on the stock exchanges on Jul 09, 2025.