Crizac Share Price Jumps on Market Debut: Lists at Over 14% Premium on NSE & BSE

Market Performance

Crizac Limited had an impressive debut on Dalal Street today.

• NSE Listing Price: ₹281.05
• BSE Listing Price: ₹280
• IPO Price: ₹245
• Premium on NSE: 14.71%
• Premium on BSE: 14.29%

This robust opening reflects strong investor interest in the company from the get-go.

Main News

The company's IPO received an overwhelming response from investors during its subscription period, which ran from July 2 to July 4, 2025. The public issue was oversubscribed 62.89 times, indicating massive demand.

Subscription Breakdown:

• Total Bids Received: 1.54 Crore shares
• Shares Offered: 2.45 Crore shares
• Retail Investors: Subscribed 10.74 times
• Non-Institutional Investors (NIIs): Subscribed 80.07 times
• Qualified Institutional Buyers (QIBs): Subscribed 141.27 times

Crizac also raised ₹258 Crore from anchor investors on July 1, 2025, ahead of the main IPO.

Company Details

Crizac Limited, founded in 2011, operates as a B2B education platform. The company acts as a bridge between international academic institutions and education agents worldwide.

Key Highlights:

• Facilitates student recruitment for institutions across the UK, Canada, Ireland, Australia, and New Zealand
• Leverages its proprietary technology platform to manage and streamline student application processes efficiently.
• Has built a strong global network with reach in over 75 countries

Student Application Stats:

• Total Processed Applications (FY22–Sep 2024): Over 5.95 lakh
• Partner Institutions: More than 135 universities and colleges globally

IPO Details

The IPO was an Offer for Sale and aimed to raise ₹860 Crore. The entire proceeds go to the promoters, namely Pinky Agarwal and Manish Agarwal.

Financial Points:

• Total Issue Size: 3.51 Crore shares
• Minimum Application Size: 61 shares
• Retail Investment Required: ₹14,213

Key Players:

• Lead Manager: Equirus Capital Private Limited
• Registrar: MUFG Intime India Private Limited (Link Intime)

Crizac itself does not receive any funds from this IPO.

Summary of the Article

The Crizac share price had a notable stock market debut, gaining over 14% on both NSE and BSE compared to its issue price of ₹245. Backed by strong investor interest and significant oversubscription across investor categories, the IPO showcased solid demand. Crizac's unique role as a B2B education platform with a broad international footprint adds to its appeal in the tech-driven education recruitment space.