Crizac IPO
Bookbuilding IPO | ₹860.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jul 02, 2025
IPO Close
Fri, Jul 04, 2025
Price Band
₹233.00 to ₹245.00
Market Cap (Pre-IPO)
₹4,287.07 Cr
IPO Details
| IPO Date | Jul 02, 2025 to Jul 04, 2025 |
| Listing Date | Tentative: Jul 09, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹233.00 to ₹245.00 |
| Lot Size | 61 Shares (Minimum: ₹14,945.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹860.00 Crores |
| Total Shares Offered | 35,102,040 shares |
| Offer For Sale | 35,102,040 shares |
Crizac IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,75,51,020 (50.00%) |
| Retail Shares Offered | 1,22,85,714 (35.00%) |
| NII Shares Offered | 52,65,306 (15.00%) |
Crizac IPO Lot Size
Investors can bid for a minimum of 61 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹194,285 |
| S-HNI (Min) | 14 | 854 | ₹209,230 |
| S-HNI (Max) | 66 | 4,026 | ₹986,370 |
| B-HNI (Min) | 67 | 4,087 | ₹1,001,315 |
Crizac Financial Information (Restated Consolidated)
Crizac Ltd.'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 |
| Total Income | 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 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.24% |
| ROCE (Return on Capital Employed) | 40.03% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 30.24% |
| PAT Margin (Profit After Tax Margin) | 17.28% |
| EBITDA Margin | 25.05% |
| Price to Book Value | 8.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.74 | 8.74 |
| P/E (x) | 28.03 | 28.03 |
| Promoter Holding | 100.00% | 79.94% |
Company Promoters
- Dr. Vikash Agarwal
- Pinky Agarwal and Manish Agarwal are the promoters of the company.
Company Overview
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.
Use of Proceeds
| 1) | To achieve the benefits of listing the Equity Shares on the Stock Exchanges |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Crizac IPO Peer Comparison
Crizac peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Crizac Limited | 8.74 | 8.74 | 28.76 | 0.00 | 30.38 | 0.00 | Consolidated |
| Indiamart Intermesh Ltd | 91.84 | 91.59 | 363.43 | 27.18 | 25.20 | 0.00 | Consolidated |
| IEL Education Ltd (AUD) | 0.48 | 0.48 | 1.88 | 7.86 | 25.51 | 0.00 | Consolidated |
Quick Info
| Sector | Education |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,287.07 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jul 02, 2025 |
| IPO Close | Jul 04, 2025 |
| Allotment Date | Jul 07, 2025 |
| Credit to Demat | Jul 08, 2025 |
| Listing Date | Tentative: Jul 09, 2025 |
Lead Manager(s)
Equirus Capital Pvt.Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Description
- Crizac IPO is a book build issue of ₹860.00 crores. The issue is entirely an offer for sale of 3.51 crore shares of ₹860.00 crore.
- Crizac IPO bidding started from Jul 2, 2025 and ended on Jul 4, 2025. The allotment for Crizac IPO was finalized on Jul 7, 2025. The shares got listed on BSE, NSE on Jul 9, 2025.
- Crizac IPO price band is set at ₹245.00 per share . The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,213 (61 shares). The lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,09,230, and for bNII, it is 67 lots (4,087 shares), amounting to ₹10,01,315.