Crizac Share Price Update: IPO Price Band Set at ₹233–₹245 Per Share

Market Performance

Crizac Ltd has officially announced the IPO price band at ₹233–₹245 per share.

The Initial Public Offering will open for public subscription on July 2 and will close on July 4.

Here's a quick look at the IPO schedule:

• Anchor Investor Bid Date: July 1
• IPO Opens: July 2
• IPO Closes: July 4
• Allotment Finalization: July 7
• Refunds/Credit of Shares: July 8
• Stock Listing Date: July 9

Main News: Crizac Share Price Set for IPO at ₹233–₹245

Crizac's IPO will be a pure offer for sale (OFS) worth ₹860 Crore, involving only existing promoters and shareholders.

Here's a breakdown:

• Pinky Agarwal: Offloading shares worth ₹723 Crore
• Manish Agarwal: Offloading shares worth ₹137 Crore

If priced at the upper end of ₹245 per share, Crizac's market capitalization would be approximately ₹4,287 Crore.

Lead Managers for the issue are:

• Equirus Capital
• Anand Rathi Advisors

Company Details

Crizac Ltd operates as a B2B education platform primarily focused on international student recruitment.

Global Reach:

• Recruits students for institutions in:
  • United Kingdom
  • Canada
  • Australia
  • Republic of Ireland
  • New Zealand
• India-UK recruitment forms the company's primary strength, thanks to long-term alliances with British institutions.

Agent Network:

• Total Registered Agents: 10,362
• Active Agents in FY25: 3,948
  • In India: 2,237
  • Other 39 Countries: 1,711
    • Countries include:
      • UK
      • Nigeria
      • Pakistan
      • Bangladesh
      • Nepal
      • Sri Lanka
      • Cameroon
      • Ghana
      • Kenya
      • Vietnam
      • Canada
      • Egypt

Global Applications:

• Applications received from 75+ countries
• Total applications processed: 7.11 lakh
• Partnered with 173+ global educational institutions

Financial Performance Snapshot

Revenue

• FY25 Revenue: ₹849.49 Crore
• FY24 Revenue: ₹634.87 Crore
• YoY Growth: Approx. 33.7%

Net Profit

• FY25 Net Profit: ₹152.93 Crore
• FY24 Net Profit: ₹118.90 Crore
• YoY Increase: Approx. 28.6%

Summary of the Article

Crizac Ltd has taken a significant step toward going public with an IPO priced between ₹233 and ₹245 per share. The IPO will open for subscription from July 2 to July 4, with the listing set for July 9. The ₹860 Crore offer for sale will help existing shareholders, including promoters Pinky and Manish Agarwal, liquidate their stakes.

With a robust global footprint in the education sector and consistent financial growth, Crizac's IPO has drawn attention. The company's focus on tech-enabled student recruitment, combined with its extensive network of over 10,000 agents, demonstrates its operational scale.

Crizac share price remains a key point of interest as the listing date approaches.