Market Performance
Crizac Ltd. shares rallied sharply on Thursday, July 10, posting a 6.2% intraday jump, hitting a high of ₹326.9 per share.
At 9:50 AM, Crizac shares were up 5.12% at ₹323.38 apiece, indicating sustained investor interest after a strong listing debut.
Main News: Abakkus Buys ₹109.5 Cr Stake in Crizac
The spike in Crizac's share price came after Sunil Singhania's Abakkus Asset Manager Pvt Ltd acquired a significant stake in the company.
- Shares Bought: 36.73 lakh
- Price per Share: ₹298.33
- Total Investment: ₹109.5 Crore
This acquisition occurred on the listing day itself, signaling strong institutional interest in the newly listed firm.
IPO & Listing Highlights
Crizac made a stellar debut on Indian stock exchanges on July 9.
- NSE Listing Price: ₹281.05
- BSE Listing Price: ₹280
- Issue Price: ₹245
- Premium Over Issue Price: ~14%
- Closing Day Gain: ~25%
The IPO witnessed high investor demand, with a total subscription of 59.81 times.
Subscription Breakdown:
- Qualified Institutional Buyers (QIBs): 134.35 times
- Non-Institutional Investors: 76.15 times
- Retail Investors: 10.21 times
Crizac successfully raised ₹860 Crore through this IPO, which was entirely an offer for sale (OFS) by the promoters — Pinky Agarwal and Manish Agarwal.
Note: As it was an OFS, the company itself did not receive any proceeds from the IPO.
Currently, promoters retain 80.48% stake in Crizac.
Company Details
Crizac operates as a B2B education platform and is now expanding its service offerings.
Future Expansion Plans:
- Adding services like student loans and student housing
- Expanding to new geographies, including the USA, Ireland, and Dubai
- Management emphasized that minimal investment would be required for these additions
Financial Performance
Below is a quick snapshot of Crizac's financials for FY24 and FY25:
Revenue
- FY25: ₹885 crore
- FY24: ₹763 crore
Net Profits
- FY25: ₹153 crore
- FY24: ₹118.90 crore
The numbers reflect a strong year-on-year growth in both revenue and profitability, boosting confidence in the company's long-term fundamentals.
Summary
Crizac's stock surged over 6% post-listing, driven by a ₹109.5 Crore investment from Abakkus Asset Managers. The company has delivered a successful IPO, strong subscription, solid financials, and ambitious expansion plans.
With ₹885 Crore in revenue and ₹153 Crore in profit for FY25, Crizac is drawing serious investor attention, especially after its listing pop and institutional backing.
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