Latest news with #CrizacIPO
Mint
09-07-2025
- Business
- Mint
Crizac IPO listing date today. GMP, analysts signal strong debut of shares in stock market today
Crizac IPO Listing: Crizac shares are set to make their debut in the Indian stock market today list on the stock exchanges tomorrow after the conclusion of its initial public offering (IPO). Crizac IPO listing date is today, July 9, and the equity shares will be listed on BSE and NSE. The subscription period of the public issue was from July 2 to July 4, and IPO allotment date was July 7. Crizac IPO listing date is 9 July 2025. 'Trading Members of the Exchange are hereby informed that effective from Wednesday, July 9, 2025, the equity shares of Crizac Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' said a notice on the BSE. Crizac shares will be a part of Special Pre-open Session (SPOS) on Wednesday, July 9, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of Crizac IPO listing today, investors watch out for the latest trends in grey market premium (GMP) to estimate the Crizac share listing price. Crizac IPO GMP today and stock market analysts indicate a decent listing for the equity shares. Crizac shares are trading at a decent premium in the grey market. Crizac IPO GMP today is ₹ 41 per share, according to market experts. This means that Crizac shares are trading higher by ₹ 41 than their issue price in the grey market. Considering Crizac IPO GMP today, the estimated listing price of Crizac shares would be ₹ 286 apiece, which is at a premium of nearly 17% to the IPO price of ₹ 245 per share. Analysts also expect Crizac shares to list with a strong premium to the issue price. 'Crizac is expected to list at a 14% – 17% premium which appears justified given the company's strong fundamentals, solid overall subscription, and strong anchor book participation. At the IPO price the company is valued at around 28x FY25 earnings, which seems reasonable considering its high revenue growth, consistent margins,' said Mahesh M. Ojha, AVP Research and Business Development at Hensex Securities Pvt Ltd. In summary, the listing premium appears fundamentally supported and Crizac offers both short-term gains and long-term potential, he added. According to Bhavik Joshi, Business Head, INVasset PMS, for long-term investors, Crizac share listing may offer a differentiated, globally diversified bet on cross-border education demand. 'But given the full pricing and policy overhangs in key geographies, a staggered post-listing approach could still be more prudent than an upfront allocation,' said Joshi. Crizac IPO opened for subscription on July 2, and closed on July 4. The IPO allotment date was fixed on July 7, and the Crizac IPO listing date is today, July 9. Crizac shares will be listed on both the stock exchanges - BSE and NSE. The ₹ 860-crore worth Crizac IPO comprised an offer-for-sale of 3.51 crore equity shares at a fixed price band of ₹ 245 per share. Crizac IPO was subscribed 59.82 times in total, NSE data showed. The retail portion was booked 10.24 times while the non-institutional investor (NII) quota was subscribed 76.15 times. The qualified institutional buyers (QIB) segment received 134.35 times bids. Equirus Capital is the book-running lead manager of the Crizac IPO, while MUFG Intime India (Link Intime) is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
08-07-2025
- Business
- Mint
Crizac IPO listing date in focus. Here's what latest GMP signals about debut of shares
Crizac IPO Listing: Crizac shares are set to list on the stock exchanges tomorrow after its initial public offering (IPO) received strong response. Crizac IPO listing date is July 9, and the equity shares will be listed on BSE and NSE. The public issue was open from July 2 to 4, and IPO allotment was fixed on July 7. Crizac IPO listing date is July 9. 'Trading members of the Exchange are hereby informed that the equity shares of CRIZAC LIMITED shall be listed and admitted to dealings on the Exchange in due course,' a BSE notice said. Ahead of Crizac IPO listing tomorrow, investors watch out for the trends in grey market premium (GMP) to gauge the estimated listing price of Crizac shares. Here's what Crizac IPO GMP today ahead of listing signals: Crizac shares are trading at a solid premium in the grey market. According to market experts, Crizac IPO GMP today is ₹ 31 per share. This means that Crizac shares are trading higher by ₹ 43 than their issue price in the grey market. Considering Crizac IPO GMP today, the estimated listing price of Crizac shares would be ₹ 276 apiece, which is at a premium of 12.65% to the IPO price of ₹ 245 per share. The public issue opened for subscription on July 2, and closed on July 4. Crizac IPO allotment date was fixed on July 7, and the Crizac IPO listing date is July 9. Crizac shares will be listed on both the stock exchanges - BSE and NSE. The company raised ₹ 860 crore from the book-building issue at a fixed price band of ₹ 245 per share. The issue comprised an offer-for-sale of 3.51 crore equity shares. Crizac IPO was subscribed 59.82 times in total, NSE data showed. The retail portion was booked 10.24 times while the non-institutional investor (NII) quota was subscribed 76.15 times. The qualified institutional buyers (QIB) segment received 134.35 times bids. Equirus Capital is the book-running lead manager of the Crizac IPO, while MUFG Intime India (Link Intime) is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
08-07-2025
- Business
- Business Standard
Crizac IPO listing forecast: GMP hints at double-digit gains for investors
Crizac IPO listing forecast: The unlisted shares of education-related services provider Crizac were commanding a decent premium in the grey markets ahead of their debut on the bourses. Sources tracking unofficial market activities revealed that the company's shares were changing hands at around ₹277 each, implying a grey market premium (GMP) of ₹32 or approximately 13.06 per cent over the IPO issue price of ₹245. Notably, the company's shares are slated to list on the BSE and NSE tomorrow, Wednesday, July 9. Should the current grey market trends sustain, Crizac shares may list at a premium of over 13 per cent. However, it is worth noting that the GMP is an unregulated market indicator and should not be relied upon for assessing the company's actual market performance. Crizac IPO details The public offering of Crizac, estimated to be valued at ₹860 crore, comprises an entirely offer-for-sale (OFS) by Manish Agarwal and Pinky Agarwal divesting up to 35.2 million equity shares. It was available for subscription from Wednesday, July 2, 2025, till July 4, at a price band of ₹233–245 per equity share with a lot size of 61 shares. Crizac IPO received a decent response from investors, getting oversubscribed by 59.82 times, riding on the back of qualified institutional buyers (QIBs) who oversubscribed the category reserved for them by a whopping 134.35 times, showed the NSE data. The basis of allotment for Crizac IPO shares was finalised on Monday, July 7. The company has set the issue price at ₹245 per share. Crizac will not receive any proceeds from the public issue. "Each of the selling shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the offer-related expenses and the applicable taxes thereon," the company said in the Red Herring Prospectus (RHP). About Crizac Crizac 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 the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand (ANZ). As of March 31, 2025, the company has around 10,362 registered agents globally who are registered on its proprietary technology platform. During Fiscal 2025, the company also worked in close collaboration with global institutions of higher education. Crizac is based in India with co-primary operations in London, United Kingdom. In addition to extensive operations and employees in India, it has consultants in multiple countries including Cameroon, China, Ghana, and Kenya.
News18
07-07-2025
- Business
- News18
Crizac IPO Allotment Today: Know GMP, A Step-By-Step Guide To Check Allotment Status
Last Updated: Crizac IPO GMP: Unlisted shares of Crizac Ltd are trading at Rs 288 against its upper IPO price of Rs 245, which is a GMP of 17.55%, indicating decent listing gains for investors. Crizac IPO Allotment Date, Listing Date & GMP: The allotment of the Crizac IPO, which was closed on Friday, is expected to be finalised today, Monday, July 7. Investors can check the IPO allotment status on the websites of BSE, NSE or registrar link Intime. The GMP of the IPO, which received high subscription of 62.89x, stands at 17.55%, indicating decent listing gains for investors The Crizac IPO allotment will take place on Monday, July 7. Once the allotment is finalised, the IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Crizac Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the 'Permanent Account Number' option. 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the Crizac IPO allotment status. The allotment status can also be checked on the NSE's website at The Crizac IPO will be listed on both BSE and NSE on July 9. Crizac IPO GMP Today According to market observers, unlisted shares of Crizac Ltd are currently trading at Rs 288 against its upper IPO price of Rs 245. It means a grey market premium or GMP of Rs 43, which is 17.55% over its issue price, indicating decent listing gains for investors. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Crizac IPO Subscription Status The initial public offering of student recruitment solution provider Crizac closed today, Friday, July 4. On the final day of bidding on Friday, the issue received a 62.89 times subscription, garnering bids for 1,54,53,03,240 shares as against the 2,45,71,427 shares on offer. The retail and NII participation stood at 10.74x and 80.07x, respectively. The QIB category received a 141.27x subscription. About Crizac Ltd Crizac Ltd, a Kolkata-based B2B education platform founded in 2011, facilitates international student recruitment for global institutions across the UK, Canada, Ireland, Australia, and New Zealand through a network of over 7,900 agents in more than 75 countries via its proprietary tech platform. Crizac IPO: More Info The IPO is entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the Red Herring Prospectus. The OFS consists of the sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO. The company has collected Rs 258 crore from anchor investors ahead of the launch of its initial share sale for public subscription. The company, which had proposed to raise Rs 1,000 crore in November last year, has trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in offer size. Crizac initially filed its preliminary IPO papers with Sebi in March 2024. The regulator had returned the documents in July. Thereafter, the company refiled the papers in November, which were approved by the regulator in March this year. The company reported a revenue from operations of Rs 849.49 crore and a profit after tax of Rs 152.93 crore in the full financial year 2025. Equirus Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More
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Business Standard
07-07-2025
- Business
- 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).
