The bidding window for Crizac Limited IPO opens on July 2, 2025, and will close on July 4, 2025. The allotment process is expected to be finalised on July 7, 2025, with the company’s shares set to be listed on both the BSE and NSE tentatively on Wednesday, July 9, 2025.
Crizac Limited IPO Details
Crizac IPO is a bookbuilding of ₹860 crores. The issue is entirely an offer for sale of 3.51 crore shares. The IPO price band is set at ₹233 to ₹245 per share. The minimum lot size for an application is 61, and the minimum amount of investment required is ₹14,213.
Equirus Capital Private Limited and Anand Rathi Advisors Limited will be the book-running lead managers for the Crizac Limited IPO. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will be the registrar for the issue.
Crizac Limited IPO Day 1 Subscription Status
(July 2, 2025, 11:25 AM)
On Day 1, the Crizac Limited IPO saw a subscription rate of 0.10 times the issue size. The public issue subscribed 0.16 times in the retail category, 0.00 times in QIB, and 0.06 times in the NII category
Utilisation of IPO Proceeds
The company will not receive any proceeds of the offer for sale by the selling shareholders. The entire proceeds from the public offer will be received by the promoters who are offloading their stake.
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Crizac Limited GMP Details
According to Livemint, the Grey Market Premium (GMP) of Crizac Limited was ₹21 as of July 2, 2025, 09:30 a.m. This indicates that the shares of the company are likely to be listed at ₹266, with a premium of 8.57% over the upper end of the price band.
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Source: Livemint Media Report dated July 2, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Crizac Limited Business Overview
Founded in 2011, Crizac Limited is a B2B education platform that connects agents and global institutions. It provides recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ).
As of September 2024, the company have around 7,900 agents globally and has also processed over 5.95 lakh student applications.
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