Crizac Limited IPO is a book-built issue of Rs 860 crore. This upcoming IPO is an offering entirely Offer for sale of 3,51,02,040 equity shares worth up to Rs 860 crore, with a price band of Rs 233 to Rs 245 per share.

RHP Link: https://cdn.equiruswealth.com/ecpl/uploads/2025/06/Crizac-Limited-RHP.pdf

MUMBAI, 27 JUNE, 2025 (GPN): Leading Education Platform Crizac Limited has launched its initial public offering (IPO) with a price band fixed at Rs 233 – 245 per equity share. The subscription for Crizac Limited IPO will open on July 2 and close on July 4, with anchor investors allowed to participate starting July 1. Crizac is aiming for a market capitalisation of approximately Rs 4,287 crore at the upper price band. This strategic move is expected to attract significant investor interest.

The IPO is structured as a pure offer for sale (OFS), amounting to Rs 860 crore. Existing promoters and shareholders, Pinky Agarwal and Manish Agarwal, are offloading shares worth Rs 723 crore and Rs 137 crore, respectively. This sale reflects their confidence in the company’s future growth.

Equirus Capital and Anand Rathi Advisors are the lead managers for this issue. The allotment basis is scheduled for July 7, with refunds and equity credit set for July 8. Crizac’s shares will be listed on the stock exchanges on July 9, marking a significant milestone in the company’s journey.

Crizac IPO lot size is 61 shares. For retail, the minimum lot size is 1 lot, amounting to Rs 14,945, and the maximum is 13 lots, amounting to Rs 1,94,285. For small HNI, the minimum lot size is 14, amounting to Rs 2,09,230.

Crizac IPO promoters are Dr. Vikash Agarwal, Pinky Agarwal and Manish Agarwal. Shareholdings before the IPO were 100%; however, after the IPO, shareholdings will be going to decline.

Crizac operates as a B2B education platform, specialising in international student recruitment for higher educational institutions across several countries, including the UK and Canada. The company boasts a strong foothold in student recruitment from India to the UK, supported by partnerships with British institutions. This strategic positioning enhances its competitive edge.

In the fiscal year 2025, Crizac processed over 7.11 lakh student applications from more than 75 countries. The company reported a revenue increase to Rs 849.49 crore, up from Rs 634.87 crore the previous year, with net profits rising from Rs 118.90 crore to Rs 152.93 crore. These figures underscore the company’s robust financial health.

Crizac IPO allotment status is finalised on July 7, 2025. The listing will be on the BSE and NSE platforms, on July 9, 2025.

About Crizac Limited

Our Company was originally incorporated on January 03, 2011 as ‘Crizac Private Limited’ We are a B2B 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).

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 United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ). During the last three fiscals, it has processed over 7.11 lakh student applications while working with over 173 global institutions of higher education. It has 2,237 Active Agents in India and around 1,711 Active Agents in over 39 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt.

Student recruitment solutions from India into the United Kingdom is our strength as a result of our strong relationships built over time with global institutions of higher education in the United Kingdom.

we sourced applications for enrolment into global institutions of higher education from over 75 countries through our agents globally who are registered on our proprietary technology platform

we processed over 7.11 lakh student applications while working with over 173 global institutions of higher education.

we have around 10,362 Registered Agents globally who are registered on our proprietary technology platform and during Fiscal 2025.

we worked with over 173 global institutions of higher education primarily in United Kingdom, Republic of Ireland, Canada and USA.

Some of the global institutions of higher education with whom we work with include University of Birmingham, University of Surrey, University of Sunderland, Nottingham Trent University, University of Greenwich, University of West London, University of Portsmouth, De Montfort University, Glasgow Caledonian University, Aston University, University of Dundee, Dundalk Institute of Technology, Coventry University and Swansea University.