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Business Standard
23 minutes ago
- Business Standard
Crizac IPO subscribed 60x; check allotment status, GMP, listing date
Crizac IPO allotment status: The basis of allotment for Crizac shares is expected to be finalised today, July 7, 2025. The initial public offering (IPO) of the Crizac, B2B education platform, which closed for bidding on Friday, July 4, received a solid response on the third and last day of the bidding from all the categories of investors. According to NSE data, investors made bids for 1,545.68 million shares or 59.82 times, compared to the 25.83 million shares on offer by 5 PM on Friday. The portion allocated for qualified institutional bidders (QIBs) was subscribed 134.35 times, while the non-institutional investors (NIIs) portion saw a subscription of 76.15 times. The quota set aside for retail investors was booked 10.24 times at the same time. After the allotment process is completed, investors can verify their IPO allotment status by visiting the official websites of the National Stock Exchange (NSE), BSE, and MUFG Intime India, the registrar for the issue. Alternatively, investors can use the direct links provided below to check their allotment status: Check Crizac IPO allotment status on NSE: Check Crizac IPO allotment status on BSE: Crizac IPO grey market premium (IPO) The unlisted shares of Crizac were trading at ₹288 in the grey market, commanding a premium of ₹43 or 17.55 per cent compared to the upper price band of ₹245 per share, according to sources tracking unofficial markets. ALSO READ | Crizac IPO details The Kolkata-based B2B education platform for agents and global institutions aims to raise ₹860 crore through a public issue, which comprises an offer for sale (OFS) by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component. The OFS includes the sale of equity shares worth ₹723 crore by Pinky Agarwal and ₹137 crore by Manish. Shares of Crizac are scheduled to be listed on the bourses, NSE and BSE, on Wednesday, July 9. Crizac IPO was available at a price of ₹245 per share About Crizac Crizac is a B2B education platform connecting agents and global higher education institutions in the UK, Canada, Ireland, Australia, and New Zealand, specialising in international student recruitment, particularly from India to the United Kingdom. From financial year 2022-23 (FY23) to FY25, the company processed over 711,000 student applications from over 75 countries, working with 173 institutions. As of March 31, 2025, the company has 10,362 registered agents on its proprietary platform, with 3,948 active agents (2,237 in India, 1,711 across 39 countries, including the UK, Nigeria, Pakistan, and others).
Mint
26 minutes ago
- Mint
'12-hour shifts, 6 days a week': Bengaluru founder's post on work culture sparks debate
Long work hours aren't new in India's startup world. But when a Bengaluru-based entrepreneur publicly said his team works 12 hours a day, six days a week, and often on Sundays, it reignited the debate around hustle culture. Mohan Kumar, co-founder of mobile gaming startup Matiks, shared a post on X, saying: 'We have strict office timing of 10 am to 10 pm and 6 days a week. Still, our team members work beyond 10 and on Sundays as well.' He followed it up by addressing the backlash: 'People will criticise this, but the reality is if we have to build the first global product built in India, we need everyone to be all in. Let's move out from job mindset to building mindset.' In a separate interview with Hindustan Times, Kumar said the company doesn't view its employees as staff but as 'founding members on a shared mission.' 'We're not building something for paychecks or survival,' he said. 'Of course, not everyone resonates with this mindset, and that's okay. But for those who do, this journey doesn't feel like a 'job.' It feels like chasing a dream.' The post quickly sparked reactions online. Some praised the commitment to building a product from scratch, while others flagged concerns about burnout, work-life balance, and exploitative work expectations. After the backlash, Kumar deleted his earlier post and cleared the air by saying, 'Guys, chill, no one comes in at 10:00 am. We play poker and watch Netflix together in the office. We're all fresh out of college, building our careers and lives from scratch. No one's just doing a job here, we're all seniors and juniors working together on a project, giving it our 100%. We have a kind of fun in our office space that you can't even imagine in corporate setups.' A user commented, 'Ragebait, they know how to farm engagement for their math app.' Another user commented, "I don't get it, what's wrong with people wanting to give their own time to something, nobody was forced, all are working willingly and trying to create something cool. let people hustle, until more responsibility come in life and prevent them from doing so. idk, but i would personally love to work with such a closenit and dedicated team."
Mint
41 minutes ago
- Mint
Workspace evolution: Gen Z inspires new office design trends
One thing we'd never give up as an organisation is a physical space, a place where real, in-person connections can continue to thrive as we work," says Advait Gupt, co-founder and CEO of Mumbai-based Kulfi Collective, a creative network that produces branded and original IPs for Gen Y and Z audiences. On the cusp of a seismic shift in work culture, various generations are coexisting under a single roof. Gen Z, the generation born between 1997 and 2012, is perceivably more vocal about personal growth in a professional setting. As the younger generation steps out to work post pandemic, their non-negotiable ideal of a healthy workplace is causing high attrition and employers are struggling to keep up. The JLL India Future of Work Survey 2024 revealed that in India, 90% of companies now require at least three days of office presence. In this era of conflicting sensibilities, a reimagination of the brick-and-mortar office is helping bridge gaps and retain the love for the workplace. 'A physical intervention can't always be as impactful as a good chat with your team. Real work is built in conversations, not confinements," says Ayushi Jain, a 20-something visual designer from Delhi. But 39-year-old Gupt is one of the many employers of his generation who believe that if designed thoughtfully, a workplace can embody and cultivate these values that younger professionals believe in. His creative agency was founded in 2012 and recently got a redesign at its address in Mumbai's Nehru Centre. When designing the space (later named Kulfiverse) he and his team capitalised on its circular structure to inspire borderless communication and the transparent culture of collaboration. Changing Times The asset is the same: space. How people invest in it is up for a reinvention. 'For a typical professional, an eight-hour workday is often bookended by the need to manage meals, commute, fitness and chores. By having such services in the office, we're freed to focus completely on our work and preserve valuable personal time for hobbies and relaxation outside," says Ashutosh Chauhan, a Hyderabad-based application engineer working at Google India. The MNC has been pushing the bill on creative workplace design for years, with amenities like themed meeting rooms named after animated TV series, food setups, gyms, etc. More corporations are considering such inclusions. Aayush Golecha and Kushaal Jhaveri, co-founders of Mumbai-based architecture and interior design firm The Comma Collective, concur: 'Earlier, the corporate design brief was consistent: maintain efficiency while fitting as many people as possible with the bare essentials. Post covid, founders want sleeping pods, TT tables and wellness rooms." The demand for a more connected and growth-oriented organisation is also evident among Gen Z employees, who place more value on output over process. Such diversity cannot be nurtured without acknowledging factors like creative breaks, cerebral stimulation, sensory comfort, mental health, and productivity cycles. Architecture is thus becoming a way of incorporating these elements into daily culture. The New Blueprint Golecha focuses on thoughtful zoning, materiality and visual cues when designing. 'Modern workspaces must be adaptable and offer what remote setups can't—authentic connection, inspiration and a sense of community," he says. For instance, Google's open plan layout built on a no-cabin system inspires easy conversation across corporate hierarchies. Kulfiverse features breakout rooms and a community space with Lego sets to spark ideas. While brands are playing around with layout, there's still a long way to go for material tweaks. Many continue to demand traditional materials like marble and only as much colour as needed to reflect the brand's identity. However, surfaces like wood, ceramic and concrete balanced with soft textiles can feel warm, grounded and real—qualities that resonate deeply with the younger generation. While Gen Z is mindful of sustainability, designers foresee a considerable journey ahead for companies, mainly because of the initial investment it requires. These, along with visual and tactile cues, can stimulate creativity, break the stereotype around 'work desks" and tap into intuitive work cycles. 'Use materials that tell stories: upcycled tiles from a previous site, marble scraps turned into tables or graffiti walls that double up as memory archives. Design for movement and spontaneity through writable surfaces, modular zones and light that changes with mood," says Smita Thomas, founder of interior design studio Multitude of Sins. The Hurdle in Huddling Though easily definable, this collaborative experiment is a ropewalk of balance between monotony and overstimulation, creative provocation and mental restoration. Jain's field of work is the perfect example: 'My three essentials in a workspace are: a clean room; good lighting; and a solid sound system. If I create something bad, chances are the lighting was off or the music wasn't on." Space and budget constraints can often pose another challenge. But as per Thomas, 'The trick is to design layered zones that cater to different energies in a single space. In our office, Sin City, we made contemplative corners and outrageous installations coexist to our team's liking." Biophilic architecture is another element finding its way into offices, offsetting bold props with soothing greenery. It's a design approach that integrates nature into the built environment to enhance well-being. The new office is also integrating technologically-forward systems into the physical layout, personalising sanctuaries and blurring the gap between home and office. 'As digital natives, Gen Z employees are highly comfortable navigating virtual spaces for personal activities, expecting the same ease of use at work as they experience with apps for online shopping or social media," Gupt shares. While covid initially led teams to experiment with socio-professional communities like Slack, the post-covid headquarters is welcoming physical infrastructure for a hybrid lifestyle. If there's anything this metamorphosis is teaching us, it's that moving forward should be about building on successes from the past. That means reimagining spatial existence to reinforce the personal connection we've always valued as humans. As Thomas puts it, 'The smartest companies we've worked with are the ones who aren't looking to emulate a trend, but asking the right questions: What drives our people? What kind of energy do we want to cultivate?" And that's when new perceptions of the young begin to matter, improving the very blueprint of how we think, feel and act. Ria Gupta is a travel and design writer. Follow her work @ria_gupta. Write to us at lounge@
