Crizac IPO Subscribed 62.87 Times on Final Day, QIBs Lead Rally

Crizac's initial public offering (IPO) has demonstrated exceptional investor demand through its third and final day of subscription, with Crizac's stock price set at ₹245 per share reflecting overwhelming market reception. The ₹860.00 crore IPO has witnessed remarkable progress, with subscription rates opening at 0.48 times on day one, improving to 2.89 times on day two, and surging dramatically to 62.87 times by 4:54:33 PM on day three, indicating extraordinary investor interest in this B2B education platform for international student recruitment solutions incorporated in 2011.

Crizac IPO qualified institutional buyers segment leads with exceptional 141.27 times subscription, whilst non-institutional investors demonstrate robust participation at 80.06 times and retail investors show solid interest at 10.70 times, reflecting tremendous investor confidence in this company providing international student recruitment solutions to global institutions.

Crizac IPO subscription reached an exceptional 62.87 times on day three, led by QIB (141.27x), NII (80.06x), and Retail (10.70x). Total applications reached 19,14,472.

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Subscription Status of Crizac IPO:

Here are the subscription details for Crizac IPO as of Day 3 (July 4, 2025, 4:54:33 PM):

Key Highlights - Day 3:

• Overall subscription reaching an exceptional 62.87 times, a massive surge from day two's 2.89 times
• QIB segment leading with extraordinary demand at 141.27 times, a phenomenal increase from day two's 0.16 times
• NII segment demonstrating robust participation at 80.06 times, a dramatic jump from day two's 6.61 times
• Retail segment showing solid interest at 10.70 times, building significantly from day two's 2.86 times
• The final day witnessed exceptional institutional participation with overwhelming QIB response driving overall subscription
• bNII subcategory leading at 92.95 times whilst sNII demonstrated strong participation at 54.28 times
• Total applications reached 19,14,472, indicating massive investor participation for this mainboard IPO
• The cumulative bid amount reached ₹37,846.27 crores against the issue size of ₹860.00 crores
   

Crizac IPO - Day 2 Subscription at 2.89 Times

Key Highlights - Day 2:

• Overall subscription improving significantly to 2.89 times from day one's 0.48 times, showing substantial momentum
• NII segment leading with strong demand at 6.61 times, dramatically increasing from day one's 0.65 times
• Retail segment demonstrating solid participation at 2.86 times, building significantly from day one's 0.63 times
• QIB segment showing limited participation at 0.16 times, marginally improving from day one's 0.09 times
• bNII subcategory at 6.31 times whilst sNII demonstrated stronger participation at 7.21 times
• Total applications reached 4,75,946, indicating substantial increase in investor participation for this mainboard IPO
• The cumulative bid amount reached ₹1,739.94 crores against the issue size of ₹860.00 crores
   

Crizac IPO - Day 1 Subscription at 0.48 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.48 times, showing modest initial investor interest
• NII segment leading early participation at 0.65 times, indicating measured high-net-worth sentiment
• Retail segment demonstrating reasonable early interest at 0.63 times, reflecting cautious individual investor confidence
• QIB segment showing minimal participation at 0.09 times, indicating reserved institutional sentiment
• Opening day demonstrated mixed initial engagement with limited institutional response

About Crizac Limited

Incorporated in 2011, Crizac Limited operates as a B2B education platform providing international student recruitment solutions to global institutions of higher education across the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand. The company maintains a proprietary technology platform with over 7,900 registered agents globally, including 2,532 active agents during Fiscal 2024, comprising 1,524 in India and 1,008 across 25+ countries overseas. The company employs 329 personnel and 10 consultants as of September 2024, processing over 5.95 lakh student applications whilst working with over 135 global institutions of higher education.

Financial performance shows strong growth with revenue increasing 16% from ₹763.44 crores in FY2024 to ₹884.78 crores in FY2025, whilst profit after tax rose 29% from ₹118.90 crores to ₹152.93 crores during the same period. The company maintains excellent profitability metrics with 30.24% ROE, 40.03% ROCE, 17.28% PAT margin, 25.05% EBITDA margin, operates with minimal debt, and has a substantial market capitalisation of ₹4,287.07 crores.