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.
