
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
Overall Subscription
59.84x
Total Demand
QIB Multiplier
141.27x
Institutions & Funds
NII / HNI
80.08x
High Net-Worth
Retail (RII)
10.77x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 7,020,407 | 991,749,956 | 141.27x |
| NIB | 5,265,306 | 421,626,754 | 80.08x |
| HNIs(10L +) | 3,510,204 | 326,266,491 | 92.95x |
| HNIs (2-10L) | 1,755,102 | 95,360,263 | 54.33x |
| RETAIL | 12,285,714 | 132,303,754 | 10.77x |
| Total | 29,836,733 | 1,967,307,218 | 59.84x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 201,405 | 2,168,914 | 10.77x |
| HNIs(10L +) | 4,110 | 382,045 | 92.95x |
| HNIs (2-10L) | 2,055 | 111,663 | 54.34x |
| Total Applications | 207,570 | 2,662,622 | 12.83x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Crizac Limited IPO is ₹41.5 per equity share. Based on the upper price band of ₹233 to ₹245 per equity share, the estimated listing price is ₹286.5 (+16.9% expected listing gain).
With a lot size of 61 shares and current GMP of ₹41.5, the expected profit per application lot is approx ₹2,531.5 (+16.9% gain). Minimum application cost is approx ₹14,945.
The Crizac Limited IPO aggregate issue size is ₹860 Crores with an equity price band set at ₹233 to ₹245 per equity share. The retail lot size is 61 shares requiring a minimum capital outlay of approx. ₹14,945.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 59.84x (Retail: 10.77x, QIB: 141.27x, NII: 80.08x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-07-07. Investors can verify status using PAN card or application number.
Crizac Limited shares are scheduled to list on NSE and BSE on 2025-07-09.