Crizac is set to launch its IPO on 2 July and the subscription window will open until 4 July. The company aims to raise ₹860 Cr through this public offering. The price band for Crizac IPO has been fixed between ₹233 – ₹245. And the IPO is expected to list on NSE, BSE platforms on 9 July.
About Crizac Services IPO
Crizac was founded in 2011 and operates as a B2B education platform. It helps connect education agents with universities and colleges in countries like UK, Canada, Ireland, Australia and New Zealand. The company supports international student recruitment by making it easier for students to apply to global institutions through its own tech platform.
Recently, Crizac processed nearly 6 lakh student applications and worked with over 135 international universities and colleges.
By September 2024, around 7,900 agents from more than 75 countries had registered on Crizac’s platform. Out of these, 2,532 agents were actively sending student applications in FY24, including 1,524 from India and about 1,008 from overseas countries such as UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Ghana, Kenya, Vietnam and Canada. Crizac also has consultants based in countries like Cameroon, China, Ghana and Kenya.
Crizac IPO Highlights
- Crizac’s IPO is valued at ₹860 Cr and the price band is set between ₹233 to ₹245.
- The IPO is entirely an offer for sale of 3.51 Cr shares
- Crizac’s IPO will open for subscription on 2 July 2025 and close on 4 July 2025. Share allotment is likely to take place on 7 July 2025 and the shares are expected to be listed on BSE and NSE on 9 July 2025.
- Promoters currently hold 100% of the company but after the IPO, their shareholding will come down.
- MUFG Intime India Private Limited (Link Intime) will be the registrar for Crizac IPO.
Crizac IPO GMP
As of 1 July 2025, Crizac’s IPO is trading at a Grey Market Premium (GMP) of ₹0. Based on the upper price band of ₹245, the shares are expected to list around the same price. Currently, the GMP is flat, but it may change in the coming days. We will update this section as new information becomes available.
So, stay tuned with Trade Target for daily updates on Crizac IPO GMP and expected listing price.
- Date: 4 July 2025
- Crizac GMP: ₹271 (10.61%)
- Date: 3 July 2025
- Crizac GMP: ₹267 (8.98%)
- Date: 2 July 2025
- Crizac GMP: ₹284 (15.92%)
- Date: 1 July 2025
- Crizac GMP: ₹266 ( 8.57%)
How can one apply for Crizac IPO?
Retail investors can apply for minimum of 1 lot, which includes 61 shares costing ₹14,945. The maximum investment allowed for retail investors is 13 lots which totals 793 shares and costs ₹1,94,285.
Below is a table summarizing the lot sizes and required amounts for each investor category:
| 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
|
|
B-HNI (Min)
|
67 |
4,087
|
₹10,01,315
|
Crizac IPO Financial
As of 31 March 2025, Crizac has shown strong growth over the past three years. Its assets rose from ₹304.99 Cr in 2023 to ₹879.62 Cr in 2025. Revenue also increased from ₹517.85 Cr to ₹884.78 Cr in the same period. Profit after tax (PAT) grew from ₹112.82 Cr in 2023 to ₹152.93 Cr in 2025.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
879.62
|
592.91
|
304.99
|
|
Revenue (₹ Crores) |
884.78
|
763.44
|
517.85
|
|
PAT (₹ crores)
|
152.93
|
118.90
|
112.14
|
|
EBITA(₹ Crores) |
212.82
|
72.64
|
107.29
|
|
Net Worth (₹ Crores) |
505.71
|
341.81
|
221.37
|
|
Total Borrowing (₹ crores)
|
0.08
|
0.08
|
0.08
|
Crizac IPO Vs Peer
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Crizac |
8.74
|
– |
|
Indiamart Intermesh Ltd
|
91.59
|
27.18
|
|
IEL Education Ltd (AUD)
|
0.48
|
7.86
|
Crizac IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of Crizac IPO
- Subscription Period: 2 July to 4 July 2025
- Basis of Allotment Finalization: 7 July 2025
- Initiation of Refunds: 8 July 2025
- Demat Credits: 8 July 2025
- Listing Date: 9 July 2025
- Listing on: NSE, BSE
Crizac IPO FAQs (Frequently Asked Questions)
What is the total issue size of Crizac’s IPO?
The total size of Crizac’s IPO is ₹860 Cr.
When will Crizac IPO open and close?
Crizac’s IPO will open for subscription on 2 July 2025 and close on 4 July 2025.
What is the lot size for Crizac IPO?
Retail Investors can bid for a minimum of one lot, which includes 61 shares. And one lot will cost you around ₹14,945.
When is the share allotment date for Crizac IPO?
The allotment of shares is expected to be completed by 7 July 2025.
Who is the registrar of Crizac IPO?
MUFG Intime India Private Limited (Link Intime) is the official registrar for Crizac’s IPO.
Where will Crizac shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
