1. Home
  2. IPO
  • Crizac Ltd Ipo
92959
Off
crizac logo

Crizac IPO

  • Status: Closed
  • RHP:
  • ₹ 14,213 / 61 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    09 Jul 2025

  • Listing Price

    ₹280.00

  • Listing Change

    14.29%

  • Last Traded Price

    ₹272.25

Crizac IPO Details

  • Open Date

    02 Jul 2025

  • Close Date

    04 Jul 2025

  • Listing Date

    09 Jul 2025

  • IPO Price Range

    ₹ 233 to ₹245

  • IPO Size

    ₹ 860 Cr

  • Listing Exchange

    BSE, NSE

Open Free Demat Account

+91
Resend OTP

By proceeding, you agree to all T&C*

hero_form
Timeline Financials SWOT FAQ Contacts

Crizac IPO Timeline

Crizac IPO Subscription Status

Last Updated: 04 July 2025 6:08 PM by 5paisa

Crizac Limited is set to launch its IPO on July 2, 2025. Incorporated in 2011, the company is a B2B education platform offering international student recruitment solutions to global higher education institutions across the UK, Canada, Ireland, Australia, and New Zealand. Crizac operates through a vast network of agents and its proprietary technology platform, sourcing student applications from over 75 countries.

As of September 2024, Crizac had around 7,900 registered agents globally, with over 40% active agents based outside India. The company processed nearly 5.95 lakh student applications and collaborates with more than 135 global higher education institutions.
Crizac maintains a strong presence in countries like the UK, Nigeria, Bangladesh, Sri Lanka, Kenya, and Vietnam. With a dedicated team of 329 employees and 10 consultants, the company continues to drive growth in the international student recruitment sector.

Established in: 2011
Managing Director: Dr. Vikash Agarwal

Peers: 
Indiamart Intermesh Ltd, 
IEL Education Ltd
 

Crizac Objectives

Crizac IPO is an Offer for Sale. The company will not receive any proceeds from this offer. The selling shareholders will receive the IPO proceeds.
 

Crizac IPO Size

Types Size
Total IPO Size ₹860.00 Cr
Offer For Sale -
Fresh Issue ₹860.00 Cr

 

Crizac IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 61 14,213
Retail (Max) 13 793 1,84,769
S-HNI (Min) 14 854 1,98,982
S-HNI (Max) 66 4,026 9,38,058
B-HNI (Min) 67 4,087 9,52,271

Crizac IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 141.27 70,20,407 99,17,49,956 24,297.87
NII (HNI) 80.07 52,65,306 42,15,96,010 10,329.10
bNII (bids above ₹10L) 92.95 35,10,204 32,62,66,491 7,993.53
sNII (bids below ₹10L) 54.32 17,55,102 9,53,29,519 2,335.57
Retail 10.74 1,22,85,714 13,19,57,274 3,232.95
Total** 62.89 2,45,71,427 1,54,53,03,240 37,859.93

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Crizac IPO Anchor Allocation

Anchor Bid Date July 1, 2025
Shares Offered 1,05,30,612
Anchor portion Size (In ₹ Cr.) 258.00
Anchor lock-in period end date for 50% shares (30 Days) August 6, 2025
Anchor lock-in period end date for remaining shares (90 Days) October 5, 2025

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 517.85 763.44 884.78
EBITDA 107.29 72.64 212.82
PAT 112.14 118.90 152.93
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 0.08 0.08 0.08
Share Capital 10.00 35.00 35.00
Total Borrowings 304.99 592.91 879.62
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 51.58 101.36 187.27
Net Cash Generated From / (used in) investing activities -46.08 -66.84 -148.66
Net Cash Generated From / (used in) financing activities -0.12 -0.01 -0.01
Net Increase (Decrease) In Cash And Cash Equivalents 5.39 34.51 38.61


Strengths

1. Global leader in international student recruitment solutions
2. Proprietary technology platform with a wide agent network
3. Strong relationships with 135+ global higher education institutions
4. Experienced management with extensive industry knowledge
 

Weaknesses

1. The business model is highly dependent on the agent network
2. Revenue is reliant on the higher education sector dynamics
3. No fresh capital infusion from IPO for business growth
4. Global regulatory changes can impact operations
 

Opportunities

1. Growing demand for international education in emerging markets
2. Expansion into additional global geographies
3. Increase in partnerships with higher education institutions
4. Leveraging technology for operational scalability
 

Threats

1. Global political or economic instability affecting student mobility
2. Competition from other education recruitment platforms
3. Changes in visa regulations in key markets
4. Dependence on the agent network for student applications
 

1. Market leader with a global footprint in education recruitment
2. Consistent revenue and profit growth over the years
3. Highly scalable business model with minimal debt
4. Proprietary tech platform drives operational efficiency
5. Attractive opportunity to invest in India's growing EdTech export space
 

1. Global student mobility continues to rise, particularly in developed countries
2. Growing demand for tech-driven, streamlined admission processes
3. The education sector offers resilient growth despite macroeconomic conditions
4. Partnerships with global universities remain key to market leadership
 

Upcoming IPOs

View all IPOs
  • Companies
  • Type
  • Opening On

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
Resend OTP

By proceeding, you agree to all T&C*

footer_form

FAQs

Crizac IPO opens on July 2, 2025, and closes on July 4, 2025.
 

Crizac IPO size is ₹860.00 Cr via an Offer for Sale of 3.51 crore shares.

Crizac IPO price band is set between ₹233 to ₹245 per share.
 

To apply for Crizac IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Crizac IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange 
 

The minimum lot size of Crizac IPO is 61 shares, requiring an investment of ₹14,213.
 

The allotment of Crizac IPO is expected to be finalised on July 7, 2025.
 

Tentative listing date of Crizac IPO is July 9, 2025, on BSE and NSE.
 

Equirus Capital Private Limited and Anand Rathi Securities Limited are the book-running lead managers of Crizac IPO.
 

The Crizac IPO is an Offer for Sale by existing shareholders; the company will not receive any proceeds.