CRIZAC LIMITED
Price Band
₹ 233 - ₹ 245
Bid Lot
61 Shares
CRIZAC LIMITED
02-Jul-2025 - 04-Jul-2025
Price Band
₹ 233 - ₹ 245
Minimum Investment
₹ 14945.00
Bid Lot
61 Shares
Shares
35,102,040
-
Face Value - Rs. 2/- Per Share
- Lisitng at NSE BSE
-
201,405 Application Required in Retail for 1 Time.
-
Registrar :
Link Intime India Private Ltd
IPO Details
Offer for Sale of Equity Shares aggregating upto Rs. 860 Cr
QIB
50%
(17,551,020 Shares)RS.430.00 CR
HNI 1
5%
(1,755,102 Shares)RS.43.00 CR @ 2055 FORM 1X
HNI 2
10%
(3,510,204 Shares)RS.86.00 CR @ 4110 FORM 1X
Retail
35%
(12,285,714 Shares)RS.301.00 CR @ 14945 FORM 1X
BRLMs: Equirus Capital, Anand Rathi Wealth Advisors
Timeline
-
02
Jul-2025
Open Date
-
04
Jul-2025
Close Date
-
07
Jul-2025
Basis of Allotment Date
-
08
Jul-2025
Initiation of Refunds
-
08
Jul-2025
Credit of Shares to Demat A/C
-
09
Jul-2025
IPO Listing Date
Subscription as on 04-Jul-2025 17:39
Category
Book Size
Subscription
QIB
141.27x
7,020,408
(₹172.00 Cr.)
991,749,956
(₹24297.87 Cr.)
HNI (<10 LAKH)
54.33x
1,755,102
(₹43.00 Cr.)
95,360,263
(₹2336.33 Cr.)
HNI2 (>10 LAKH)
92.95x
3,510,204
(₹86.00 Cr.)
326,266,491
(₹7993.53 Cr.)
RETAIL
10.77x
12,285,714
(₹301.00 Cr.)
132,302,656
(₹3241.42 Cr.)
Total
62.91x
24,571,428
1,545,679,366
Category
Book Size
Subscription
QIB
141.27x
7,020,408
(₹172.00 Cr.)
991,749,956
(₹24297.87 Cr.)
HNI (<10 LAKH)
54.33x
1,755,102
(₹43.00 Cr.)
95,360,263
(₹2336.33 Cr.)
HNI2 (>10 LAKH)
92.95x
3,510,204
(₹86.00 Cr.)
326,266,491
(₹7993.53 Cr.)
RETAIL
10.77x
12,285,714
(₹301.00 Cr.)
132,302,656
(₹3241.42 Cr.)
Total
62.91x
24,571,428
1,545,679,366
*Excluding Anchor
Total No. of Application Approx : ~1803876 (8.96 Appwise)
HNI Cost
About Company
- Crizac Limited (“Crizac”) was incorporated on January 3,2011. Crizac is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand.
- Crizac provides end-to-end student-recruitment services (lead generation, eligibility screening, application processing and post-admission support) through a proprietary cloud platform and runs admission-office and marketing mandates for select universities. Student recruitment solutions from India into the United Kingdom is their strength because of their strong relationships built over time with global institutions of higher education in the United Kingdom.
- They also work in close collaboration with global institutions of higher education, which has helped them in developing expertise and understanding of their recruitment preferences and develop bespoke strategies that reflect and highlight their unique goals and strengths. For last 3 Fiscals, Crizac sourced applications for enrolment into global institutions of higher education from over 75 countries through their agents who are registered on their proprietary technology platform.
- The company earns success-based commissions from partner universities (70 %+ of revenue) and smaller service fees from agents/universities for value-added services. ~96 % of FY23 revenue was sourced from institutions located in the UK, Ireland and Canada, with India the dominant source market for students.
- For the Fiscals 2025, 2024 and 2023 Crizac processed 275,897, 262,502, and 172,939 applications, respectively while working with over 173 global institutions of higher education.
- As of March 31, 2025, they have around 10,362 Registered Agents globally who are registered on their proprietary technology platform.
- During Fiscal 2025, they had 3,948 Active Agents in over 39 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.
- The company has Scalable proprietary technology platform which provides comprehensive ‘one-stop’ window for a seamless experience, which enhances efficiency and accessibility. In Jan-24 Crizac bought its core application-management software from group firm Crizac Technologies Pvt Ltd for ? 103.56 crore on arm’s-length terms supported by a valuer’s report.
- As on March 31, 2025, they had a team of 368 employees and 12 consultants with extensive experience of the international educational landscape.
Strengths
Competitive Strength
- One of the providers of international recruitment solutions with significant experience of catering to global institutions of higher education,
- Well entrenched relationship with global network of institutions of higher education across diverse disciplines,
- Wide ranging network of educational agents for sourcing students for recruitment,
- Scalable proprietary technology platform,
- Experienced Promoters supported by able professionals with strong domain expertise,
- Track record of financial performance and consistent growth.
Business Strategies
- Deepening and augmenting the agent network in India and globally,
- Expanding the geographic footprint with a particular focus on expanding the network of global institutions of higher education in Ireland, Canada and ANZ and
establishing relationship with global institutions of higher education in the USA,
- Diversify the service offerings,
- Enhance the brand profile including the online presence and implement more efficient marketing strategies,
- Inorganic growth to foray into B2C (i.e., catering directly to the student population without an agent in between) business model,
- Enhancing the proprietary technology platform.
Company Promoters
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 879.62 | 592.91 | 304.99 |
| Revenue | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.90 | 112.14 |
| EBITDA | 212.82 | 72.64 | 107.29 |
| Net Worth | 505.71 | 341.81 | 221.37 |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
| Amount in ? Crore | |||
Objects of the Issue
.The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
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Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question