Crizac Limited IPO will open for subscription on July 2, 2025, and close on July 4, 2025. The allotment is expected to be finalised on July 7, 2025, with the tentative listing date set for July 9, 2025, on the BSE and NSE.
Incorporated in 2011, Crizac Limited is a B2B education platform that facilitates international student recruitment for global institutions of higher education. The company operates across the UK, Canada, Ireland, Australia, and New Zealand, connecting agents and institutions through its proprietary technology platform.
This blog will cover the Crizac IPO analysis, including issue size, price band, financial performance, and operational strengths.
Crizac Limited IPO Date
The key pointers for the Crizac Limited IPO dates are:
- Bidding Opening Date: July 2, 2025
- Bidding Closing Date: July 4, 2025
- Allotment Date: July 7, 2025
- Initiation of Refunds (in case of less or no allotment): July 8, 2025
- Shares Credited to Your Demat Account: July 8, 2025
- IPO Listing Date: July 9, 2025
- Listing on Exchange: BSE and NSE
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Crizac Limited: IPO Issue Size
Crizac Limited IPO valuation, as denoted by the market capitalization, stood at ₹4,287.07 crores.
Here are the important Crizac Limited IPO details:
- Crizac Limited IPO Price Band: ₹233 to ₹245 per share
- Face Value: ₹2 per share
- Lot Size: 61 Shares
- Total Issue Size and Amount: 3.51 crore shares (aggregating up to ₹860 crores)
- OFS Size and Amount: 3.51 crore shares (aggregating up to ₹860 crores)
Crizac Limited IPO Reservations
Crizac Limited IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Net Offer
- For NIIs: Not less than 15% of the Net Offer
- For Retail Investors: Not less than 35% of the Net Offer
- Crizac Limited IPO Shareholder Quota: There is no provision for shareholder quota in the red herring prospectus (RHP).
Crizac Limited IPO Lot Size
Crizac Limited IPO lot size is 61 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Type of Investors | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹1,94,285 |
| S-HNI (Min) | 14 | 854 | ₹2,09,230 |
| S-HNI (Max) | 66 | 4,026 | ₹9,86,370 |
| B-HNI (Min) | 67 | 4,087 | ₹10,01,315 |
Crizac Limited IPO Details: Promoter Holding
Pinky Agarwal, Dr. Vikash Agarwal, and Manish Agarwal are the promoters of the company.
Crizac Limited IPO: Company Overview
Crizac Limited, started in 2011, is a B2B education platform that helps global universities and agents connect with international students. It provides student recruitment solutions to universities in countries like the United Kingdom, Canada, Ireland, Australia, and New Zealand.
Between FY23 and FY25, Crizac helped process more than 7.11 lakh student applications for admissions to foreign universities. These applications came from students across 75+ countries, through an extensive network of education agents registered on Crizac’s technology platform.
As of March 2025, Crizac had around 10,362 agents globally using its platform. Out of these, about 3,948 agents were actively sending student applications in FY25. This includes 2,237 agents in India and 1,711 agents from 39+ other countries, such as the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Ghana, Kenya, Vietnam, and Egypt.
The company also has consultants based in countries like Cameroon, China, Ghana, and Kenya, helping to support its operations. By March 31, 2025, Crizac had a team of 368 employees and 12 consultants, all experienced in the global education field.
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Crizac Limited IPO: Financial Performance
Crizac Limited’s key financials for different periods are as follows:
| Particulars | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Revenue (₹ Cr) | 884.78 | 763.44 | 15.89% |
| Profit After Tax (₹ Cr) | 152.93 | 118.90 | 28.62% |
| EBITDA (₹ Cr) | 212.82 | 72.64 | 192.98% |
| Assets (₹ Cr) | 879.62 | 592.91 | 48.36% |
| EBITDA Margin | 25.05% | 13.52% | 11.53% |
| ROE | 30.38% | 34.74% | -4.36% |
- In FY25, Crizac Limited’s revenue has grown by 15.89% YoY to ₹884.78 crores, while profit after tax also grew by 28.62% YoY to ₹152.93 crores.
- The EBITDA grew by a whopping 192.98% to ₹212.82 crores, highlighting its strong operational efficiency.
- The EBITDA margin also grew to 25.05% but ROE (Return on Equity) dropped marginally to 30.38% in FY25.
Crizac Limited IPO Risk Factors
Crizac Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
1. Dependence on a Few Institutions
Crizac earns a large part of its revenue from a limited number of international universities. If any of these institutions stop working with them, it could seriously affect the company’s income and growth.
2. Visa and Immigration Rule Changes
The business depends heavily on students going abroad. If countries like the UK, Canada, or Australia change their visa rules, it could reduce student applications and hurt Crizac’s business.
3. Foreign Currency Risk
Since a significant part of Crizac’s revenue comes from outside India, changes in currency exchange rates (like the rupee weakening or strengthening) could affect their earnings and financial stability.
Crizac Limited IPO Details: Contact Details
Here are details of the registered address and registrar name of Crizac Limited:
- Registered Office Address: Crizac Limited Wing A, 3rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, 700017
- Email: compliance@crizac.com
- Company Website: http://www.crizac.com/
- Registrar Name: MUFG Intime India Private Limited (Link Intime)
For all the insights on the Crizac Limited IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for the Crizac Limited IPO easily on the SMC ACE App by opening free demat account now.
Frequently Asked Questions – FAQs
1. What is the minimum lot size of the Crizac Limited IPO?
The minimum lot size is 61 shares, and the total investment needed is ₹14,945.
2. What is the Crizac IPO Investors’ Portion?
The investors’ share is 35% for retail, 15% for NII, and 50% for QIB.
3. When will the Crizac IPO open for subscription?
On July 2, 2025, the IPO will open to retail, NII, and QIB investors. The closing date of the IPO is July 4, 2025.
4. When is the Crizac Limited IPO allotment?
On Monday, July 7, 2025, the Basis of Allotment for the Crizac IPO will be finalised. By Tuesday, July 8, 2025, the allocated shares will be credited to your demat account.
Reference:
https://cdn.equiruswealth.com/ecpl/uploads/2025/06/Crizac-Limited-RHP.pdf
Author: All Content is verified by SMC Global Securities.
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