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Crizac Ltd IPO

The Company is a B2B (Business to Business) 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 (ANZ). Student recruitment solutions from India into the United Kingdom is its strength as a result of its strong relationships built over time with global institutions of higher education in the United Kingdom. The Company also works in close collaboration with global institutions of higher education, which has helped it in developing expertise and understanding of their recruitment preferences and develop bespoke strategies that reflect and highlight their unique goals and strengths.

Crizac Ltd IPO Details

Total Shares Offered

₹ 3,51,02,041

Offer to Public

3,51,02,041

Retail Max (Shares)

₹ 1,22,85,714

Pre Issue Promoters Holding

₹ 17,49,82,500

Exchange

BSE

Issue size

₹ 860 Cr

IPO Open Date

Jul 2, 2025

Close Date

Jul 4, 2025

Lot Size

Min Investment

₹ 14,213

Issue Type

Book Building

Listing Date

Jul 9, 2025

Crizac Ltd IPO Dates

Jul 2, 2025

Opening date

Jul 4, 2025

Closing date

Jul 7, 2025

Basis of Allotment

Jul 8, 2025

Initiation of Refunds

Jul 8, 2025

Credit of Shares

Jul 9, 2025

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	56.51x	17551021	991749956
NII	80.08x	5265306	421626754
Retail	10.77x	12285714	132303754
Employee	0x	0	0
Total	44.03x	35102041	1545680464

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

56.51x

80.08x

10.77x

44.03x

17551021

5265306

12285714

35102041

991749956

421626754

132303754

1545680464

Crizac Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	849.49	268.07	472.97
EBITDA	234.13	281.50	151.69
PAT	109.18	187.53	110.11
Total Assets	265.99	207.00	99.13
Share Capital	35.00	35.00	10.00
Total Borrowings	31.94	4.54	31.92
Operating Activities (Net Cash)	154.59	200.96	112.26
Investing Activities (Net Cash)	44.79	149.53	106.08
Financing Activities (Net Cash)	31.94	4.54	31.92
Net Cashflow	226.00	72.98	67.21

About Crizac Ltd

Crizac Limited was originally incorporated as `GA Educational Services Private Limited', at Kolkata as a private limited company under the provisions of Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on January 03, 2011. Thereafter, pursuant to a special resolution passed by the shareholders of the Company passed in their meeting on March 24, 2012, the name of our Company was changed to `GA Solutions Private Limited', and a fresh certificate of incorporation dated May 16, 2012 was issued to the Company by the RoC. Subsequently, pursuant to a special resolution passed by the shareholders of the Company passed in their meeting on November 10, 2023, the name of the Company was changed to `Crizac Private Limited', and a fresh certificate of incorporation dated December 15, 2023, was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed by the shareholders of the Company passed in their meeting on December 27, 2023 and the name of the Company was changed to its present name `Crizac Limited' pursuant to a fresh certificate of incorporation issued by the RoC on February 13, 2024.

Increasing globalization, coupled with the pursuit of quality education and international exposure, has led to a surge in demand for studying abroad. Students and parents are increasingly recognizing the value of acquiring a global perspective, accessing world-class educational institutions, and experiencing diverse cultures. The global education market, valued at approximately USD 6 trillion in 2024, is projected to expand to around USD 7.4 trillion by 2030. Total Indian students pursuing higher education abroad increased to about an estimated 14,80,000 by 2023. The total number of Indian students studying abroad is expected to reach 25,00,000 by 2030 growing at a CAGR of 7.8% (2023-2030).

Peer Comparison:

Indiamart Intermesh Ltd

Crizac Ltd Key Points

Strengths

One of the leading provider of international recruitment solutions with significant experience of catering to global institutions of higher education;

Well entrenched relationship with global network of institutions of higher education across diverse disciplines;

Wide ranging network of educational agents for sourcing students for recruitment.

Scalable proprietary technology platform.

Experienced Promoters supported by able professionals with strong domain expertise.

Risk

The Company is heavily dependent on few global institutions of higher education for its revenue. Any loss of such global institutions of higher education may have an adverse impact on its business, results of operations and financial conditions.

The company is heavily dependent on the service of its agents. Loss of any or all such agents may have an adverse impact on its business, results of operations and financial conditions.

Its success depends on the company continued collaboration with global institutions of higher education. Its inability to maintain the company collaboration with such global institutions of higher education may have an adverse impact on its business, results of operations and financial conditions.

Strategy

Deepening and augmenting its agent network in India and globally.

Expanding its geographic footprint with a particular focus on expanding its network of global institutions of higher education in Ireland, Canada and ANZ and establishing relationship with global institutions of higher education in the USA.

Diversify its service offerings.

Enhance its brand profile including its online presence and implement more efficient marketing strategies.

Inorganic growth to foray into B2C (i.e., catering directly to the student population without an agent in between) business model

How To Apply for Crizac Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Crizac Ltd IPO?

Crizac Ltd's IPO offers shares for up to 0 It begins on Jul 2, 2025 and ends on Jul 4, 2025.

What is the price of the Crizac Ltd IPO?

The price of Crizac Ltd IPO ranges between ₹233 to ₹245 per share.

What are the open and close dates for the Crizac Ltd IPO?

The Crizac Ltd IPO opens on Jul 2, 2025 and closes on Jul 4, 2025.

When will the Crizac Ltd IPO be allotted?

The allotment for the Crizac Ltd IPO will be finalised on Jul 7, 2025. The shares will be listed on BSE and NSE on Jul 9, 2025.

What is the minimum lot size required for Crizac Ltd IPO?

The minimum lot size for Crizac Ltd IPO is 61 shares, priced between ₹233 to ₹245 per share.

What is the GMP of Crizac Ltd IPO?

The GMP (Grey Market Premium) of Crizac Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Crizac Ltd IPO?

To check the allotment status of Crizac Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Crizac Ltd IPO getting listed?

The Crizac Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 2, 2025, and closes on Jul 4, 2025. The allotment is finalised on Jul 7, 2025.

How do you apply for the Crizac Ltd IPO?

To apply for the Crizac Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.