Crizac IPO is a book building of ₹860.00 crores. The issue is entirely an offer for sale.
Crizac IPO opens for subscription on July 2, 2025 and closes on July 4, 2025. The allotment for the Crizac IPO is expected to be finalized on Monday, July 7, 2025. Crizac IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 9, 2025.
Crizac IPO price bands are yet to be announced.
Crizac IPO Details
| IPO Date | July 2, 2025 to July 4, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Offer For Sale |
| Total Issue Size | [.] shares (aggregating up to ₹860.00 Cr) |
| Net Offered to Public | [.] shares (aggregating up to ₹860.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,74,98,250 shares |
| Share Holding Post Issue | 1,74,98,250 shares |
Crizac IPO Timeline (Tentative Schedule)
Crizac IPO opens on July 2, 2025, and closes on July 4, 2025.
| IPO Open Date | Wed, Jul 2, 2025 |
| IPO Close Date | Fri, Jul 4, 2025 |
| Tentative Allotment | Mon, Jul 7, 2025 |
| Initiation of Refunds | Tue, Jul 8, 2025 |
| Credit of Shares to Demat | Tue, Jul 8, 2025 |
| Tentative Listing Date | Wed, Jul 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 4, 2025 |
Crizac IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Company Financials
Crizac Limited Financial Information (Proforma Consolidated)
Crizac Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | |||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 30.24% |
| ROCE | 40.03% |
| RoNW | 30.24% |
| PAT Margin | 17.28% |
| EBITDA Margin | 25.05% |
About Crizac Limited
Incorporated in 2011, Crizac Limited 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 the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ).
For the 6 months ended September 30, 2024 and Fiscals March 31, 2024, March 31, 2023 and March 31, 2022, the company sourced applications for enrollment into global institutions of higher education from over 75 countries through our agents globally who are registered on our proprietary technology platform.
The company processed over 5.95 lakh student applications while working with over 135 global institutions of higher education.
As of September, 2024, the company have around 7,900 agents globally who are registered on the proprietary technology platform and during Fiscal 2024, we had 2,532 active agents (i.e., agents from whom the Company has received applications during Fiscal 2024) (Active Agents) comprising 1,524 Active Agents in India and around 40% Active Agents i.e., 1,008 Active Agents in over 25 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.
The company has consultants in multiple countries, including Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the company had a team of 329 employees and 10 consultants with extensive experience in the international educational landscape.