Crizac IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 02 to Jul 04 2025
Price Band
₹245
Current GMP
₹281.05(14.71%)
Subscription
62.89 times
IPO Details
| IPO Date | July 2, 2025 to July 4, 2025 |
| Listing Date | July 9, 2025 |
| Face Value | ₹2 per share |
| Issue Price | ₹245 per share |
| Lot Size | 61 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,51,02,040 shares (aggregating up to ₹860.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,49,82,500 shares |
| Share Holding Post Issue | 17,49,82,500 shares |
IPO Date
July 2, 2025 to July 4, 2025
Listing Date
July 9, 2025
Face Value
₹2 per share
Issue Price
₹245 per share
Lot Size
61 Shares
Sale Type
Offer For Sale
Total Issue Size
3,51,02,040 shares (aggregating up to ₹860.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
17,49,82,500 shares
Share Holding Post Issue
17,49,82,500 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 141.27 |
| Non-Institutional Buyers | 80.07 |
| bNII (bids above ₹10L) | 92.95 |
| sNII (bids below ₹10L) | 54.32 |
| Retail Investors | 10.74 |
| Total ** | 62.89 |
Anchor Investors
1
Qualified Institutions
141.27
Non-Institutional Buyers
80.07
bNII (bids above ₹10L)
92.95
sNII (bids below ₹10L)
54.32
Retail Investors
10.74
Total **
62.89
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 2, 2025 | 0.09 | 0.65 | 0.59 | 0.77 | 0.63 | 0.48 |
| Day 2 Jul 3, 2025 | 0.16 | 6.61 | 6.31 | 7.21 | 2.86 | 2.89 |
| Day 3 Jul 4, 2025 | 141.27 | 80.07 | 92.95 | 54.32 | 10.74 | 62.89 |
DayDay 1
Jul 2, 2025
QIB0.09
NII0.65
NII (> ₹10L)0.59
NII (< ₹10L)0.77
Retail0.63
Total0.48
DayDay 2
Jul 3, 2025
QIB0.16
NII6.61
NII (> ₹10L)6.31
NII (< ₹10L)7.21
Retail2.86
Total2.89
DayDay 3
Jul 4, 2025
QIB141.27
NII80.07
NII (> ₹10L)92.95
NII (< ₹10L)54.32
Retail10.74
Total62.89
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 09-07-2025 | 245.00 | 41.5(16.94%) | 286.5 |
| 08-07-2025 | 245.00 | 41.5(16.94%) | 286.5 |
| 07-07-2025 | 245.00 | 39(15.92%) | 284 |
| 06-07-2025 | 245.00 | 43(17.55%) | 288 |
| 05-07-2025 | 245.00 | 43(17.55%) | 288 |
| 04-07-2025 | 245.00 | 40(16.33%) | 285 |
| 03-07-2025 | 245.00 | 22(8.98%) | 267 |
| 02-07-2025 | 245.00 | 39(15.92%) | 284 |
| 01-07-2025 | 245.00 | 21(8.57%) | 266 |
| 30-06-2025 | 245.00 | 0(0.00%) | 245 |
| 29-06-2025 | 245.00 | 0(0.00%) | 245 |
| 28-06-2025 | 245.00 | 0(0.00%) | 245 |
| 27-06-2025 | 245.00 | 0(0.00%) | 245 |
| 26-06-2025 | 0(%) | (%) |
Date09-07-2025
Price245.00
GMP41.5(16.94%)
Estimate List Price286.5
Date08-07-2025
Price245.00
GMP41.5(16.94%)
Estimate List Price286.5
Date07-07-2025
Price245.00
GMP39(15.92%)
Estimate List Price284
Date06-07-2025
Price245.00
GMP43(17.55%)
Estimate List Price288
Date05-07-2025
Price245.00
GMP43(17.55%)
Estimate List Price288
Date04-07-2025
Price245.00
GMP40(16.33%)
Estimate List Price285
Date03-07-2025
Price245.00
GMP22(8.98%)
Estimate List Price267
Date02-07-2025
Price245.00
GMP39(15.92%)
Estimate List Price284
Date01-07-2025
Price245.00
GMP21(8.57%)
Estimate List Price266
Date30-06-2025
Price245.00
GMP0(0.00%)
Estimate List Price245
Date29-06-2025
Price245.00
GMP0(0.00%)
Estimate List Price245
Date28-06-2025
Price245.00
GMP0(0.00%)
Estimate List Price245
Date27-06-2025
Price245.00
GMP0(0.00%)
Estimate List Price245
Date26-06-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Wed, Jul 2, 2025 |
| IPO Close Date | Fri, Jul 4, 2025 |
| Tentative 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 Open Date
Wed, Jul 2, 2025
IPO Close Date
Fri, Jul 4, 2025
Tentative 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 Lot Size
| 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) | 66 | 4,026 | ₹9,86,370 |
ApplicationRetail (Min)
Lots1
Shares61
Amount₹14,945
ApplicationRetail (Max)
Lots13
Shares793
Amount₹1,94,285
ApplicationS-HNI (Min)
Lots14
Shares854
Amount₹2,09,230
ApplicationS-HNI (Max)
Lots66
Shares4,026
Amount₹9,86,370
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 879.62 | 592.91 | 304.99 |
| Revenue | 884.78 | 763.44 | 517.85 |
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025879.62
31 Mar 2024592.91
31 Mar 2023304.99
Period EndedRevenue
31 Mar 2025884.78
31 Mar 2024763.44
31 Mar 2023517.85
Period EndedProfit After Tax
31 Mar 2025152.93
31 Mar 2024118.90
31 Mar 2023112.14
Period EndedEBITDA
31 Mar 2025212.82
31 Mar 202472.64
31 Mar 2023107.29
Period EndedNet Worth
31 Mar 2025505.71
31 Mar 2024341.81
31 Mar 2023221.37
Period EndedTotal Borrowing
31 Mar 20250.08
31 Mar 20240.08
31 Mar 20230.08
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,75,51,019 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,05,30,612 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 70,20,407 (20.00%) | NA |
| NII (HNI) Shares Offered | 52,65,306 (15.00%) | NA |
| − bNII > ₹10L | 35,10,204 (10.00%) | 4,110 |
| − sNII < ₹10L | 17,55,102 (5.00%) | 2,055 |
| Retail Shares Offered | 1,22,85,714 (35.00%) | 2,01,405 |
| Total Shares Offered | 3,51,02,039 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered1,75,51,019 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered1,05,30,612 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered70,20,407 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered52,65,306 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered35,10,204 (10.00%)
Maximum Allottees4,110
Investor Category− sNII < ₹10L
Shares Offered17,55,102 (5.00%)
Maximum Allottees2,055
Investor CategoryRetail Shares Offered
Shares Offered1,22,85,714 (35.00%)
Maximum Allottees2,01,405
Investor CategoryTotal Shares Offered
Shares Offered3,51,02,039 (100.00%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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