crizac limited ipo 2025: price band, gmp, allotment & listing guide

Crizac Limited IPO 2025 Updates: Check latest GMP, subscription status, allotment date, listing price prediction & review.
The Crizac Limited IPO 2025 Updates have been creating buzz in the market, with investors keenly watching the GMP, subscription window, and listing expectations. If you’re planning to invest or just want clarity on Crizac’s business model, financial strength, and expected gains, you’re in the right place.
In this exclusive article, we’ll break down:
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๐ Crizac IPO dates, price band, lot size
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๐ Company profile and financial highlights
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๐ฐ Grey market premium (GMP) and expected listing gain
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๐ Allotment & listing schedule
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โ Expert verdict – Buy or avoid?
Let’s dive right in ๐
๐ About Crizac Limited
Crizac Limited, incorporated in 2011, is a B2B education solutions company that connects global educational institutions with student recruitment agents worldwide. The company provides a proprietary platform that helps agents enroll students across destinations like:
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UK ๐ฌ๐ง
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Canada ๐จ๐ฆ
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Ireland ๐ฎ๐ช
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Australia ๐ฆ๐บ
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New Zealand ๐ณ๐ฟ
As of September 2024, Crizac had over 7,900 registered agents globally, with over 2,500 active agents contributing to student enrollments. It processed more than 5.95 lakh applications, working with 135+ global universities — clearly showing its scale and influence in international student mobility.
๐ผ Crizac IPO 2025 Details
Particulars | Details |
---|---|
IPO Type | Bookbuilding |
Issue Size | โน860.00 Cr (OFS Only) |
Face Value | โน2 per share |
Price Band | โน233 – โน245 |
Lot Size | 61 shares |
Minimum Investment | โน14,945 |
Listing Exchanges | NSE, BSE |
IPO Open Date | July 2, 2025 (Wed) |
IPO Close Date | July 4, 2025 (Fri) |
Allotment Date | July 7, 2025 (Mon) |
Refunds Initiation | July 8, 2025 (Tue) |
Shares in Demat | July 8, 2025 (Tue) |
Listing Date | July 9, 2025 (Wed) |
Lead Managers | Equirus Capital, Anand Rathi Securities |
Registrar | Link Intime (MUFG Intime India Pvt Ltd) |
๐ฆ Crizac IPO Lot Size & Investment Details
Investor Type | Lots | Shares | Amount (โน) |
---|---|---|---|
Retail Min | 1 | 61 | โน14,945 |
Retail Max | 13 | 793 | โน1,94,285 |
sNII Min | 14 | 854 | โน2,09,230 |
sNII Max | 66 | 4,026 | โน9,86,370 |
bNII Min | 67 | 4,087 | โน10,01,315 |
Retail investors are advised to bid at the cut-off price to avoid rejection due to price-based oversubscription.
๐งพ Crizac Shareholding Pattern
Category | Pre-Issue Holding | Post-Issue Holding |
---|---|---|
Promoters (Dr. Vikash Agarwal, Pinky Agarwal, Manish Agarwal) | 100% | 100% |
Since this IPO is entirely Offer For Sale (OFS), there is no dilution, and promoters continue holding the same stake post-IPO.
๐ Crizac Financial Performance (โน in Crores)
Year | Revenue | PAT | EBITDA | Net Worth | Assets |
---|---|---|---|---|---|
FY 2025 | โน884.78 | โน152.93 | โน212.82 | โน505.71 | โน879.62 |
FY 2024 | โน763.44 | โน118.90 | โน72.64 | โน341.81 | โน592.91 |
FY 2023 | โน517.85 | โน112.14 | โน107.29 | โน221.37 | โน304.99 |
๐ข Revenue grew by 16% YoY
๐ข PAT increased by 29% YoY
๐ข Virtually debt-free (Total borrowing: โน0.08 Cr)
๐ข Crizac IPO Key Ratios & Valuation
Metric | Value |
---|---|
EPS (FY25) | โน8.74 |
P/E Ratio | 28.03x |
RoNW | 30.24% |
ROCE | 40.03% |
EBITDA Margin | 25.05% |
PAT Margin | 17.28% |
Price to Book (P/BV) | 8.48x |
Market Cap | โน4,287 Cr |
๐ Strong return ratios and high margins indicate efficient operations.
๐น Crizac IPO GMP Updates
As of the latest update:
Date | IPO Price | GMP | Movement | Est. List Price | Profit |
---|---|---|---|---|---|
Jun 28 | โน245 | โน0 | No Change | โน245 | โน0 |
Jun 27 | โน245 | โน0 | No Change | โน245 | โน0 |
Jun 26 | โน245 | โน0 | No Change | โน245 | โน0 |
๐ GMP Trend: Flat
๐ Market Sentiment: Cautious or Awaiting Institutional Bids
โ ๏ธ Note: GMP is unofficial and should not be the sole investment basis.
๐ข Objects of the Offer
Since Crizac IPO is a pure OFS, the proceeds go to existing shareholders. The company will not receive any capital infusion for expansion or growth.
๐ Business Strengths
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Proven B2B platform with global scale
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Strong agent network and proprietary tech platform
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Excellent growth in revenue and PAT
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Asset-light, scalable model
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Presence across multiple geographies with 7,900+ agents
โ ๏ธ Risk Factors
โ ๏ธ 100% OFS – No capital benefit to company
โ ๏ธ Highly dependent on education sector demand
โ ๏ธ Competitive and regulatory risks in foreign markets
โ ๏ธ GMP remains neutral – listing may not see premium
๐ค Should You Apply for Crizac IPO?
Here’s a quick summary:
Factor | Verdict |
---|---|
Company Fundamentals | โ Strong |
Financial Growth | โ Positive |
GMP | โ ๏ธ Neutral |
Valuation | Moderate |
IPO Type | 100% OFS |
Listing Gain Potential | Uncertain |
๐ Verdict: Apply only for long-term if you believe in international education’s demand resilience. For listing gain-focused investors, wait for subscription and anchor investor response.
โ Crizac IPO 2025 – FAQs
1. What is the Crizac IPO GMP today?
As of June 28, 2025, Crizac IPO GMP is โน0 with no upward or downward movement.
2. What are Crizac IPO dates?
Opens on July 2, 2025, and closes on July 4, 2025.
3. What is the Crizac IPO allotment date?
Tentative allotment will be finalized on July 7, 2025.
4. What is Crizac’s IPO lot size and price?
61 shares per lot at โน233–โน245 per share.
5. Is it a fresh issue or offer for sale?
It is 100% offer for sale; the company won't receive proceeds.
6. What is Crizac IPO expected listing price?
With GMP at โน0, the expected listing is at โน245 (issue cap price).
7. Is Crizac Limited a profitable company?
Yes. FY25 PAT was โน152.93 Cr with 17% PAT margin.
8. Can I apply via Zerodha or Groww?
Yes. You can apply using UPI mandate on platforms like Zerodha, Groww, Upstox.
9. Who are Crizac IPO Lead Managers?
Equirus Capital and Anand Rathi Securities.
10. What are Crizac’s peers or competitors?
No direct listed peers in India. However, it indirectly competes with other international education and ed-tech platforms.
๐ Final Thoughts
The Crizac Limited IPO 2025 Updates indicate a company with solid financials, high ROCE, and global scale. However, since the IPO is 100% OFS and GMP is flat, investor interest is currently subdued.
๐ Wait and watch for institutional demand or apply only if you believe in the long-term potential of international student recruitment and education platforms.
๐ข Stay Updated!
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โ ๏ธ Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisor before making any decision.