CRIZAC IPO
CRIZAC IPO is a fully book-built issue with a total IPO size of ₹860.00 crores. The entire share offering is an offer for sale of ₹860.00 crores (3.51 crore shares).
The CRIZAC IPO opens on July 2, 2025 for anchor investors and closes on July 4, 2025 for the general public.
The allotment process is expected to be finalized by July 7, 2025. The CRIZAC IPO is scheduled to list on BSE and NSE, with a tentative listing date of July 9, 2025.
The price band for the CRIZAC IPO is ₹233 to ₹245 per share. The lot size is 61 shares and in multiples thereof.
Registrar for this IPO is Link Intime India Private Limited and lead managers for CRIZAC IPO are Equirus Capital Private Limited and Anand Rathi Advisors Limited.
If you're exploring investment opportunities, check out other upcoming IPOs in India and SME IPO listings.
IPO Schedule
| IPO Open Date | Wednesday, 02 Jul, 2025 |
|---|---|
| IPO Close Date | Friday, 04 Jul, 2025 |
| IPO Allotment Date | Monday, 07 Jul, 2025 |
| Refund Initiation | Tuesday, 08 Jul, 2025 |
| Share credit in Demat | Tuesday, 08 Jul, 2025 |
| Listing Date | Wednesday, 09 Jul, 2025 |
Key Details
| Price Band | ₹233 to ₹245 Per Share |
|---|---|
| Lot Size | 61 Shares |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | 35,102,040 Shares |
| Fresh Issue | 35,102,040 Shares |
| OFS Issue | ₹860.00 Crores |
| Issue Type | Fresh issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | 14,945 |
| Retail (Max) | 13 | 793 | 194,285 |
| S-HNI (Min) | 14 | 854 | 209,230 |
| S-HNI (Max) | 66 | 4026 | 986,370 |
About Crizac Limited Company
We are a B2B education platform connecting agents and global higher education institutions, specializing in international student recruitment for institutions in the UK, Canada, Ireland, Australia, and New Zealand. Our strength lies in sourcing students from India to the UK, built on strong, long-term relationships.
We processed over 5.95 lakh student applications, working with over 135 global institutions. As of September 2024, around 7,900 agents are registered on our platform globally, with 2,532 active agents in Fiscal 2024. Our platform enables students and parents to pursue global educational opportunities.
We collaborate closely with global institutions to align with their recruitment strategies. Revenue from operations reached ₹63.48 crore in Fiscal 2024, with significant contributions from the United Kingdom (₹61.02 crore). This growth reflects our expertise and understanding of recruitment preferences. Our widespread network of educational agents, including 1,524 in India, ensures a diverse pool of student applicants.
Crizac Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 609.28 | 591.25 | 306.08 | 171.82 |
| Revenue | 291.24 | 530.05 | 274.10 | 120.07 |
| Profit After Tax | 61.76 | 115.86 | 110.11 | 66.16 |
| Net Worth | 403.40 | 340.06 | 222.69 | 106.97 |
| Reserves and Surplus | 368.40 | 305.07 | 212.69 | 96.98 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 6.68 | 34.36% | 19.43 | NA | 34.36% | NA |
Offer Objectives
The Offer's objectives are to list Equity Shares on Stock Exchanges and to execute the Offer for Sale (OFS) of shares by Selling Shareholders, totaling ₹ 1,000 crore.
Offer Proceeds: The Company will not receive OFS proceeds. Selling Shareholders will receive their share after deducting offer-related expenses and taxes.
Offer Expenses: Estimated offer expenses are ₹ [●] million, covering listing, underwriting, legal, registrar, banker fees, and marketing. Expenses except for listing fees, statutory audit costs, corporate advertisements (borne by the company) and legal counsel to each Selling Shareholder (borne by the respective Selling Shareholders) are shared proportionally by Selling Shareholders based on their share transfer.
Expense Breakdown: Expenses include fees for BRLMs and commissions, SCSBs processing fees, registrar fees, advertising, auditor/consultant fees, and regulatory expenses.
Quantitative Factors: Key factors for determining the offer price include Basic and Diluted Earnings Per Equity Share (EPS), Price Earning Ratio (P/E), Industry P/E ratio, Average Return on Net Worth (RoNW), and Net Asset Value (NAV) per Equity Share. The Basic EPS as per the Restated Financial Information for the year ended March 31, 2024 is ₹ 6.62. The Face value of equity shares is ₹ 2. Qualitative factors such as our experience in catering to global institutions of higher education and our global network of educational agents also influence the offer price.
Company Details
Address:
Wing A, 3rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, India - 700017
Phone: +91 33 3544 1515
Email: [email protected]
Website: http://www.crizac.com
IPO Registrar Details
Link Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- Equirus Capital Private Limited
- Anand Rathi Advisors Limited
