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Crizac Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹245
Per Share
GMP
NIL
Grey Market
Est. Listing
₹245
Expected Price
Min. Application
₹29,890
2 lots × 61 shares
IPO Issue Details
Issue Price / Price Band₹245 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size61 Shares per Lot
Total Issue Size3,51,02,040 shares (aggregating up to ₹860.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 02 Jul 2025
Subscription CloseFri, 04 Jul 2025
Anchor AllotmentTue, 01 Jul 2025
Basis of AllotmentMon, 07 Jul 2025
Initiation of RefundsTue, 08 Jul 2025
Credit of Shares to DematTue, 08 Jul 2025
Listing DateWed, 09 Jul 2025
UPI Mandate Deadline2025-07-04
Application & Investment Details
Retail — Min (1 Lots)₹14,945 — 61 shares
Retail — Max (13 Lots)₹194,285 (13 Lots)
HNI — Min (14 Lots)₹2,09,230 — 854 shares
EPS (Pre-IPO)₹8.74
EPS (Post-IPO)₹8.74
P/E Ratio (Pre-IPO)28.03x
P/E Ratio (Post-IPO)28.03x
Pre-IPO Promoter Holding17,49,82,500 shares
Post-IPO Promoter Holding17,49,82,500 shares
About Crizac Ltd.

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.

Objects of the Issue

Crizac Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Shareholding & Lock-in
Pre-IPO Promoter Holding 17,49,82,500 shares
Post-IPO Promoter Holding 17,49,82,500 shares
Lock-in Period (30%)August 5, 2025
Lock-in Period (50%)October 4, 2025
Check AllotmentCheck Status →
Crizac Ltd. — Live Price LIVE
₹245.00
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Issue ₹245.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹245
GMPNIL
Est. Listing₹245
Lot Size61 shares
Min Amount₹29,890
Listing Date09 Jul 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹245
Listing Date09 Jul 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 35,102,040 100.00% ₹860.00 Cr
* Based on ₹245.00 (upper price band)
Lot Size & Investment Details
Lot Size
61
Shares
Issue Price
₹245.00
Per Share
Min Investment
₹14,945
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 61 ₹14,945
Retail (Max) 13 793 ₹194,285
sNII (Min) 14 854 ₹209,230
bNII (Min) 68 4,148 ₹1,016,260
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 884.78 763.44 517.85
EBITDA 212.82 72.64 107.29
Profit After Tax (PAT) 152.93 118.90 112.14
Net Worth 505.71 341.81 221.37
Total Assets 879.62 592.91 304.99
Reserves & Surplus N/A N/A N/A
Total Borrowings 0.08 0.08 0.08
Key Ratios & Valuation
Issue Price ₹245
Face Value ₹2 Per Share
P/BV 8.48
RoE 30.24%
RoCE 40.03%
RoNW 30.24%
PAT Margin (%) 17.28%
EBITDA Margin (%) 25.05%
Debt / Equity N/A
Company Details
Company
Crizac Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹2 Per Share
Script Code
N/A
Address
Wing A, 3 rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, 700017
Book Running Lead Managers
Equirus Capital Pvt.Ltd.
Book Running Lead Manager (BRLM)
Anand Rathi Advisors Ltd.
Book Running Lead Manager (BRLM)