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Crizac Limited is launching its Rs 860 crore IPO, open for subscription from 2nd to 4th July. The issue is entirely an offer-for-sale worth Rs 860 crore. These shares will be listed on both the BSE and NSE.
This is a book-building issue with a minimum investment of Rs 14,213, though bidding at the cutoff price of around Rs 14,945 is recommended to improve allotment chances.
- Small NIIs need to invest Rs 2,09,230 for 854 shares (14 lots)
- Large NIIs must invest Rs 10,01,315 for 4,087 shares (67 lots)
MUFG Intime India is the registrar, while Equirus Capital & Anand Rathi Securities are the book-running lead managers.
Crizac IPO GMP Today
The latest updated GMP of Crizac IPO is Rs 0, as of 27th June, 2025 12:45 PM. The IPO has a price band of Rs 245. The estimated listing price for Crizac IPO is Rs 245, reflecting a potential gain of 0% per share.
| Date | GMP | Expected Listing Price | Last Updated |
| 27-06-2025 | Rs 0 | Rs 245 | 12:45 PM |
| 26-06-2025 | Rs 0 | Rs 245 | 11:30 PM |
Everything You Need to Know About the Crizac IPO
| Face Value | Rs 2 per Share |
| Lot Size | 61 Shares |
| Price Band | Rs 233 to Rs 245 |
| Listing At | BSE, NSE |
| Total Issue Size | 3,51,02,040 Shares (aggregating up to Rs 860 Cr) |
| Offer-for-Sale | 3,51,02,040 Shares (aggregating up to Rs 860 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
Crizac IPO Key Dates
| Opening – Closing Dates | 2nd July – 4th July |
| Cut-off Time for UPI Mandate Approval | 5 PM on 4th July |
| IPO Allotment | 7th July |
| Amount Refund | 8th July |
| Credit of Shares | 8th July |
| Listing Date | 9th July |
Investment Limits & Lot Size for Crizac IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 61 | Rs 14,945 |
| Retail (Max) | 13 | 793 | Rs 1,94,285 |
| S-HNI (Min) | 14 | 854 | Rs 2,09,230 |
| S-HNI (Max) | 66 | 4,026 | Rs 9,86,370 |
| B-HNI (Min) | 67 | 4,087 | Rs 10,01,315 |
Crizac Limited Company Details
Crizac Limited, founded in 2011, is a B2B education platform that helps global universities—mainly in the UK, Canada, Ireland, Australia, and New Zealand—recruit international students.
From over 75 countries, Crizac sourced student applications through its global network of agents who use its in-house tech platform. By 30th September, 2024, the company had processed more than 5.95 lakh student applications and worked with over 135 international universities.
As of 30th September, 2024, Crizac had around 7,900 registered agents worldwide. During Fiscal 2024, 2,532 of them were active—meaning they submitted student applications that year. This included 1,524 agents from India and 1,008 agents (about 40%) from 25+ countries like the UK, Nigeria, Bangladesh, Kenya, and Vietnam.
The company also has consultants based in countries such as China, Ghana, Kenya, and Cameroon. As of 30th September, 2024, Crizac’s team included 329 employees and 10 consultants with deep expertise in international education.
Crizac Limited Finances
| Period Ended | 31st Mar, 2025 | 31st Mar, 2024 |
| Assets (in Rs Cr.) | 879.62 | 592.91 |
| Revenue (in Rs Cr.) | 884.78 | 763.44 |
| Profit After Tax (in Rs Cr.) | 152.93 | 118.90 |
Financial Performance:
Revenue: The company generated Rs 884.78 crore in revenue during the period ended on 31st March, 2025.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 505.71 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 879.62 crore as of March 2025. Assets have grown significantly, indicating potential expansion and investment.
Total Borrowings: Rs 0.08 crore as of March 2025, reflecting a nearly debt-free position.
Crizac IPO FAQs
- What is the issue price band of the Crizac Limited IPO?
The issue price band for the Crizac IPO is Rs 233 to Rs 245 per share.
- What is the issue size of the Crizac IPO?
The total issue size of the IPO is Rs 860 crores.
- What is the lot size for the Crizac IPO?
Each lot consists of 61 shares, with a minimum investment of Rs 14,945.
- What are the allotment and listing dates for the Crizac IPO?
The allotment is set for 7th July, and the listing is scheduled for 9th July.
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