Crizac Limited IPO

Crizac Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹233 - ₹245

Total Issue

₹860.00 Cr

Bid Dates

02 Jul - 04 Jul

Subscription

59.82x

Est. GMP

₹32 (13.06%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Crizac Limited is a B2B education platform that partners with agents and global institutions to provide international student recruitment solutions across the UK, Canada, Ireland, Australia, and New Zealand. With a strong focus on student recruitment from India to the UK, the company has built long-standing relationships with top institutions. By working closely with global universities, it develops customized strategies aligned with each institution’s recruitment goals and strengths.

Lot Info

Lot Information for Crizac IPO
Category 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
B-HNI (Min) 67 4,087 ₹10,01,315

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹860.00 Cr
Fresh Issue
₹0.00 (0.00 Shares)
Offer For Sale
₹860.00 Cr (3.51 Cr Shares)

Objects of Issue

  1. The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).

Grey Market Premium

GMP ₹32
Est. Price ₹277
Est. Gain 13.06%

Crizac IPO Peer Comparison

(Rs. in crores)

Crizac IPO Peer Comparison Table
Particulars Crizac Indiamart Intermesh
Revenue from Ops (in Crs.) 849.49 1,388.34
PAT (In Crs.) 152.93 550.70
EPS - Basic 8.74 91.84
NAV per share 28.76 363.43
RONW 30.38% 25.20%
EBITDA 25.05% 34.12%
PAT Margin 17.28% 33.16%
Price to earning (PE) 28.03 27.18
  • All information pertains to FY 2023-24.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 10, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Crizac IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 849.49 530.05 274.10
Profit after Tax 152.93 117.92 110.11
Net Worth 503.33 339.44 219.97
Total Borrowing 0.08 0.08 0.08
Total Assets 877.74 591.03 232.06
NAV per share (in ₹) 28.76 19.40 12.57
EPS - Basic (in ₹) 8.74 6.74 6.29

KPIs

EBITDA

25.05%

PAT

17.28%

ROE

30.38%

PE Ratio

28.03

PB Ratio

8.52

Mkt Cap (in Crs.)

4,287.07

  • All the data pertains to Mar-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

Pinky Agarwal 46.93%
Manish Agarwal 30.56%
Vikash Agarwal 2.99%
Other promter 19.52%

Management

Vikash Agarwal Chairman & MD
Manish Agarwal CFO
Christopher Nagle CEO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 04-Jul-2025 19:00:00

Mainboard Subscription Status for Crizac IPO
Category Sub (x) Offered Bids
QIB 141.27 70,20,408 99,17,49,956
NII 80.08 52,65,306 42,16,26,754
bHNI 92.95 35,10,204 32,62,66,491
sHNI 54.33 17,55,102 9,53,60,263
Retail 10.77 1,22,85,714 13,23,03,754
Total 62.91 2,45,71,428 1,54,56,80,464

Frequently Asked Questions

What is Crizac IPO?
Crizac IPO is a Mainboard IPO having an issue size of ₹860.00 Crs. Crizac IPO is priced at ₹233 - ₹245 per share. The issue opens on 02 Jul 25 and closes on 04 Jul 25.
When will Crizac IPO open?
Crizac IPO opens on 02 Jul 25 and closes on 04 Jul 25.
What is the GMP of Crizac IPO?
The estimated Grey Market Premium of Crizac IPO is ₹32 per share (13.06%).
What is the lot size of Crizac IPO?
The minimum lot size of Crizac IPO is 61 shares & the minimum application amount is Rs. 14945.
When is the allotment of Crizac IPO?
The allotment date of Crizac IPO is 07 Jul 25.
What is the listing date of Crizac IPO?
The listing date of Crizac IPO is 09 Jul 25.
What is the subscription of Crizac IPO?
Crizac IPO is subscribed 59.82 times.
What is the price band of Crizac IPO?
Crizac IPO is priced at ₹233 - ₹245 per share.
How to check allotment status of Crizac IPO?
Click the allotment link on Crizac IPO page of IPO360.
How to apply Crizac IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Crizac IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Crizac IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Crizac IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date