Crizac IPO allotment today: Check status, GMP and other details
The IPO, which was open for subscription from July 2 to July 4, is a pure offer for sale (OFS) of 3.51 crore shares. This means the proceeds from the issue will go to existing shareholders who are selling their stake, and not to the company.
Crizac IPO price band
The IPO was priced in the range of Rs 233 to Rs 245 per share, with a minimum application size of 61 shares per lot.
Crizac IPO GMP
In the grey market, Crizac shares were last quoted at a premium of Rs 40, up from Rs 21–22 a day earlier. This reflects a grey market premium (GMP) of approximately 16.3% over the upper end of the price band, compared to 9% previously.
Crizac IPO subscription details
The IPO saw strong demand across categories, with an overall subscription of 59.82 times. A total of 1,54,56,80,464 bids were received for the 2,58,36,909 shares on offer.
Retail Individual Investors (RII): Subscribed 10.24 times
Non-Institutional Investors (NII): Subscribed 76.15 times
Qualified Institutional Buyers (QIBs): Subscribed 134.35 times
Check Crizac IPO allotment status
Although IPO allotments are typically finalized a day after closure, Crizac's allotment was deferred due to the weekend. Since the IPO closed on Friday, July 4, and the stock market remained shut over the weekend, the allotment is expected to be completed on Monday, July 7.
Allotment status can be checked on Link Intime's official website
https://linkintime.co.in/initial_offer/public-issues.html
Select "Crizac" from the dropdown
Enter your PAN, Application Number, or DP/Client ID
Click on 'Search' to view allotment details
or via the BSE at
https://www.bseindia.com/investors/appli_check.aspx
Select 'Equity' as issue type
Choose 'Crizac' from the dropdown
Enter your application number and PAN
As per the listing schedule, refunds will be initiated on July 8, Tuesday and shares will be credited to successful applicants' demat accounts the same day.
Crizac IPO listing date
Crizac shares are expected to be listed on both the NSE and BSE on Wednesday, July 9.
Also read |
How Jane Street targeted over 40 Nifty, Nifty Bank stocks in expiry-day trades
About Crizac
Founded in 2011, Crizac runs a B2B international education platform linking universities in the UK, Canada, Ireland, Australia, and New Zealand with over 10,000 student recruitment agents globally. It sources applications from 75+ countries via its proprietary tech platform.
Crizac posted robust growth, with revenue rising from Rs 274 crore in FY23 to Rs 849 crore in FY25 (CAGR: 76%). Net profit grew from Rs 110 crore to Rs 152 crore, with an FY25 EPS of Rs 8.74 and net margin of 18%. The company is debt-free and cash-rich, with a P/E of 28x and P/B of 9x based on FY25 numbers, broadly in line with peer IndiaMART.
Also read |
Jane Street clampdown raises big questions for Sebi: Can the regulator stop another derivatives fraud?
Analyst view
Analysts say Crizac is well-positioned to benefit from India's growing overseas education market, projected to cross 2.5 million outbound students by 2030. Its scalable B2B model, focus on Tier-1 geographies, and proprietary platform give it a unique edge.
However, potential investors should monitor regulatory tightening in key markets like the UK and Canada, which could impact student inflows and growth momentum.
'Crizac combines digital scale, a rising global education trend, and consistent financial performance — elements that long-term investors typically prize. Subscribe for long-term gains,' said Canara Bank Securities.
Also read |
Rs 735 crore in 1 day! Jane Street's most profitable day on Dalal Street was built on Nifty Bank's fall
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
22 minutes ago
- Business Standard
Crizac IPO ends with 59.82x subscription
The offer received bids for 154.56 crore shares as against 2.58 crore shares on offer. The initial public offer of Crizac received bids for 1,54,56,80,464 shares as against 2,58,36,909 shares on offer. The issue was subscribed 59.82 times. The Qualified Institutional Buyers (QIBs) category was subscribed 134.35 times. The Non-Institutional Investors (NIIs) category was subscribed 76.15 times. The Retail Individual Investors (RIIs) category was subscribed 10.24 times. The issue opened for bidding on 2 July 2025 and closed on 4 July 2025. The price band of the IPO was set between Rs 233 and 245 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof. The IPO was solely an offer for sale of 3,51,02,041 equity shares at the upper price band. Promoter Pinky Agarwal sold shares worth Rs 723 crore, while Manish Agarwal sold sell shares worth Rs 137 crore through the offer. Incorporated in 2011, Crizac is a B2B education platform that offers international student recruitment solutions to higher education institutions around the world. These institutions are located in the UK, Canada, Ireland, Australia, and New Zealand. The company works with over 10,000 registered agents and has processed more than 7.11 lakh student applications across over 75 countries, partnering with 173 global institutions. Crizac has a presence in Cameroon, China, Ghana, and Kenya. As of March 31, 2025, it has a team of 368 employees and 12 consultants. It operates two foreign subsidiaries, including Crizac UK, which was fully acquired in November 2023. Ahead of the IPO, Crizac on Tuesday, 1 July 2025, raised Rs 10 crore from anchor investors. The board allotted 4.08 lakh shares at Rs 245 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 152.93 crore and sales of Rs 849.49 crore for the twelve months ended on 31 March 2024.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
Smallcap power stock soars 16% on huge volumes; zooms 74% in 2 months
Jaiprakash Power Ventures share price: Shares of Jaiprakash Power Ventures (JP Power) have moved higher by 16 per cent to ₹21.95 on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise subdued market. The stock price of the smallcap power generation company is trading close to its 52-week high level of ₹23.77 touched on October 10, 2024. In comparison, the BSE Sensex was down 0.08 per cent at 83,367 at 12:23 PM. The average trading volumes on the counter jumped over 7-fold. A combined 588 million shares representing 8.6 per cent of the total equity of JP Power have changed hands on the NSE (525 million) and BSE (63 million). In the past two weeks, the stock price of JP Power has appreciated by 30 per cent, while in two months it zoomed 74 per cent from ₹12.6 on May 7, 2025. Jaiprakash Associates is the promoter of JP Power and holds a 24 per cent stake. Shares of Jaiprakash Associates have been locked in the 5 per cent upper circuit at ₹3.22 on the BSE. Track LIVE Stock Maket Updates Here What's driving JP Power stock price? The Adani group has emerged as the frontrunner to acquire Jaiprakash Associates, which is currently undergoing insolvency proceedings, with a bid of up to ₹12,500 crore, the Business Standard reported, quoting people familiar with the matter on Thursday. Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer, provided a key legal hurdle related to JAL's Sports City project is resolved. The case is currently pending before the Supreme Court. CLICK HERE FOR FULL REPORT Meanwhile, India Ratings and Research (Ind-Ra) in rationale said that the rating agency notes that JP Power's promoter JAL is under Corporate Insolvency Resolution Process (CRIP). The agency does not expect JAL's CRIP to have a material impact on JPVL's balance sheet; however, the outcome of the same shall remain a key monitorable for the agency. Opportunities in Indian power sector JP Power is primarily engaged in the generation of power and thus has only one segment. The company has Amelia (North) Coal Mine which is for captive consumption. Last year, the company received 'Right of Exploration' in respect Banda (North) Coal Block on which exploration work is going on. The turnover from Cement Grinding was Nil. JP Power in its FY25 annual report said that the Indian power sector in FY2024-25 presents a multitude of opportunities driven by increasing energy demand, rapid technological advancements, and strong government support for clean energy transition. India aims to install 500 Gigawatt (Gw) of non-fossil fuel capacity by 2030, paving the way for growth in solar, wind, and hydroelectric power projects. The Green Hydrogen Mission, with an outlay of ₹19,744 crore, is another lucrative avenue, offering scope for electrolyser manufacturing and hydrogen production for industries like steel, cement, and transportation. Additionally, the approval of ₹60,676 crore worth of inter-state transmission projects enhances prospects for private sector participation in strengthening grid infrastructure, ensuring efficient renewable energy integration. These initiatives, along with attractive policy incentives like Production-Linked Incentives (PLI) for solar manufacturing and viability gap funding for battery energy storage, further boost investor confidence in the sector. Meanwhile, JP Power plans to incur capex of ₹1,500 crore over FY25-FY27 for the installation of flue-gas desulfurization (FGD) unit at Nigrie and Bina thermal power plants and ₹760 crore towards Bandha North coal mine over FY25-FY29. The capex is likely to be funded by internal accruals. The company's ability to execute both the capex projects with internal accruals shall remain a key monitorable, Ind-Ra said in January 2025 rating rationale.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
India aims to double maize output to 86 mn tonne by 2047: Shivraj Chouhan
India can more than double its maize production to 86 million tonne by 2047 from the current 42.3 million tonne, Agriculture Minister Shivraj Singh Chouhan said on Monday, calling for development of high-yielding seed varieties with higher starch content. Speaking at the 11th maize summit organised by industry body FICCI, Chouhan said the world's fifth-largest maize producer needs to boost productivity without using genetically modified seeds. "We don't use genetically modified seeds, but we can still raise the productivity levels," Chouhan said. India's average maize productivity stands at 3.7 tonne per hectare, with some states like West Bengal and Bihar performing above the national average, but overall yields need to increase, he said. The Indian Council of Agricultural Research (ICAR) has developed 265 maize varieties, including 77 hybrids and 35 bio-fortified varieties, but more work is needed, according to the minister. "There is a need to increase starch level in maize. We need to increase it to 72 per cent from the current 65-70 per cent level so that maize can be used in better way," Chouhan said. India's maize production has grown from 10 million tonne in the 1900s to the current 42.3 million tonne. To boost production, states like Punjab and Haryana, which focus on paddy cultivation, should diversify to maize, the minister said. Chouhan noted that maize prices, which were below the minimum support price (MSP) of Rs 2,400 per quintal, have firmed up following the government's ethanol blending target of 20 per cent by 2025-26. The minister expressed concern over the sale of substandard seeds, fertilisers and pesticides, calling for a policy framework to take action against such suppliers and manufacturers. When poultry industry representatives raised concerns about rising maize feed prices, Chouhan said: "I told them let the farmers get the price and we will resolve your issue in different way. The production should rise further." Subroto Geed, President-South Asia at Corteva Agriscience and Co-Chairman of FICCI's Committee on Agriculture, said bridging the demand-supply gap requires collaborative efforts and innovation.
