
Manufacturing · NSE / BSE
Crizac Limited, established in 2011, is a business-to-business education platform that connects student recruitment agents with universities and colleges in countries like the UK, Canada, Ireland, Australia, and New Zealand. The company helps international students apply to these institutions through a network of agents who use its own online platform. Between April 2022 and September 2024, Crizac helped process over 5.95 lakh student applications for more than 135 global institutions. These applications came from students in over 75 countries, submitted through agents registered on its platform. By September 2024, the company had around 7,900 registered agents worldwide, with 2,532 of them actively sending student applications during the financial year 2024. Out of these, 1,524 were based in India, and the remaining 40% (around 1,008 agents) were spread across more than 25 countries, including the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Ghana, Kenya, Vietnam, Canada, and Egypt. Crizac also has consultants in countries like Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the team included 329 employees and 10 consultants, all with strong experience in the international education sector
Price Band
₹233 – ₹245
Issue Size
₹860 Cr
Lot Size
61 shares
GMP
+16.9%
Est. Listing
₹286.5
at current GMP
Subscribed
59.84x
overall
Open
2 Jul 2025
Close
4 Jul 2025
Allotment
7 Jul 2025
Refund
8 Jul 2025
Demat Credit
9 Jul 2025
Listing
9 Jul 2025
Designated Registrar: Link Intime India Private Limited
Allotment Date
7 Jul 2025
Basis finalization
Refunds Initiate
8 Jul 2025
Mandate release
Demat Credit
9 Jul 2025
Shares in demat
Listing Debut
9 Jul 2025
Trading begins
Crizac Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹860 Crores. The shares are offered at a price band of ₹233 to ₹245 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-07-04, the basis of allotment is scheduled to be finalized on 2025-07-07. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.