CRIZAC LIMITED
₹ 233 - ₹ 245
02-Jul-2025 - 04-Jul-2025
₹ 14945.00

/ 61 Shares

CRIZAC LIMITED

02-Jul-2025 - 04-Jul-2025

₹ 233 - ₹ 245

Price Band

₹ 14945.00

Minimum Investment

61

Bid Lot

35,102,040

Shares

IPO Details

Offer for Sale of Equity Shares aggregating upto Rs. 860 Cr

Category % Shares/Amount
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


Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
14945 FORM 1X 2055 FORM 1X 4110 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 61 ₹ 14,945
Retail (Upto 2 Lakh) 13 793 ₹ 194,285
S-HNI (2 Lakh to 10 Lakh) 14 854 ₹ 209,230
S-HNI (2 Lakh to 10 Lakh) 66 4026 ₹ 986,370
B-HNI (Above 10 Lakh) 67 4087 ₹ 1,001,315

IPO Timeline

  • Open Date

    02-Jul-2025
  • Close Date

    04-Jul-2025
  • Basis of Allotment Date

    07-Jul-2025
  • Initiation of Refunds

    08-Jul-2025
  • Credit Shares to Demat A/c

    08-Jul-2025
  • IPO Listing Date

    09-Jul-2025

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.
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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 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, 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.

  • 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 InvestoYard’s IPO application form.

  • 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.

Frequently Asked Questions

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