Latest news with #CrizacLtd
Mint
12-07-2025
- Business
- Mint
Stock market this week: Top gainers and losers across Nifty & Sensex decoded
India's foreign exchange reserves rose by $4.84 billion to reach a new high of $702.78 billion in the week ending July 4, 2025, according to the latest data released by the Reserve Bank of India (RBI). This significant increase highlights the country's strong external position and robust capital inflows. The rise in reserves provides greater financial stability and a stronger buffer against global economic uncertainties. The growth was mainly driven by an increase in foreign currency assets, while other components such as gold reserves and special drawing rights also contributed to the overall positive movement. India's expanding forex reserves reflect prudent management by the central bank and continued confidence from international investors. This development is expected to further bolster India's ability to manage currency volatility and support economic growth in the coming months. Crizac Ltd. made an impressive debut on the stock market, listing at a 14.71% premium over its issue price of ₹ 245. The company's strong listing reflects positive investor sentiment and robust demand for new offerings. Meanwhile, the IPO of Travel Food Services attracted significant interest, being oversubscribed by 3.03 times, indicating strong confidence from both institutional and retail investors. Similarly, Smartworks Coworking Spaces also saw healthy demand, with its IPO being oversubscribed by 1.20 times. These developments highlight the continued enthusiasm for new listings in the Indian equity markets, as investors seek growth opportunities in diverse sectors. The successful listings and oversubscription of these IPOs underscore the resilience and vibrancy of India's capital markets, even amid broader market uncertainties. Several prominent asset management companies have rolled out new fund offers (NFOs), providing investors with a wider range of choices in the mutual fund space. Quant AMC has introduced the Quant Equity Saving Growth Fund, while SBI AMC has launched the SBI Nifty100 Low Volatility 30 Index Growth Fund. ICICI AMC is offering the ICICI Prudential Active Momentum Growth Fund, and Bandhan AMC has come out with the Bandhan Multi Factor Growth Fund. Additionally, Franklin AMC has unveiled the Franklin India Multi Asset Allocation Growth Fund. These newly launched funds cater to diverse investment strategies, from equity savings and low volatility indices to momentum-based and multi-factor approaches, as well as multi-asset allocation. The introduction of these NFOs reflects the ongoing innovation in India's mutual fund industry and aims to meet the evolving financial goals of investors seeking both growth and diversification. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Indian Express
09-07-2025
- Business
- Indian Express
Crizac shares jump nearly 15% in market debut trade
Shares of student recruitment solutions provider Crizac Ltd on Wednesday listed with a premium of nearly 15 per cent against the issue price of Rs 245. The stock made its market debut at Rs 280, a jump of 14.28 per cent from the issue price on the BSE. Later, it zoomed 20 per cent to Rs 294. At the NSE, it started trading at Rs 281.05, a premium of 14.71 per cent. The company's market valuation stood at Rs 5,144.49 crore during the morning trade. The initial public offering of Crizac Ltd got subscribed 59.82 times on the closing day of bidding on Friday last week. The Rs 860-crore initial share sale had a price band of Rs 233-245 per share. The IPO was 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 Kolkata-based firm is a B2B education platform for agents and global institutions, offering international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia, and New Zealand.
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
News18
05-07-2025
- Business
- News18
Crizac IPO GMP Today: Check Listing Date, Allotment Date, Steps To Check Status Online Via PAN
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. Your share application status will appear on your screen. Via Link Intime's Portal You can also visit directly on the registrar Link Intime's portal — and check the Crizac IPO allotment status. Via NSE's Website The allotment status can also be checked on the NSE's website at Crizac IPO Listing Date 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 285 against its upper IPO price of Rs 245. It means a grey market premium or GMP of Rs 40, which is 16.33% over its issue price, indicating mild listing gains for investors. The GMP is lower than the 17.14% recorded in the previous day on Friday. 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.
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Business Standard
04-07-2025
- Business
- Business Standard
Crizac's ₹860 crore IPO subscribed 59.82 times on final bidding day
The ₹860-crore initial share sale received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer, as per NSE data The initial public offer of student recruitment solutions provider Crizac Ltd got subscribed 59.82 times on the closing day of bidding on Friday. The ₹860-crore initial share sale received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) got subscribed a whopping 134.35 times while the quota for non-institutional investors fetched 76.15 times subscription. Retail Individual Investors (RIIs) part received 10.24 times subscription. Crizac on Tuesday said it has garnered ₹258 crore from anchor investors. The price band has been fixed at ₹233-245 per share for the initial public offering (IPO). The IPO is entirely an offer for sale (OFS) of equity shares worth₹ 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the red herring prospectus. The OFS consists sale of equity shares worth₹ 723 crore by Pinky Agarwal and ₹137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO. The company, which had proposed to raise ₹1,000 crore in November last year, has trimmed the issue size to ₹860 crore. It did not provide any specific reason for the downward revision in the offer size. The Kolkata-based firm is a B2B education platform for agents and global institutions, offering international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New Zealand. The company's shares will be listed on the BSE and NSE. Equirus Capital and Anand Rathi Advisors are the book running lead managers for the IPO. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
