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Time of India
09-07-2025
- Business
- Time of India
Crizac shares extend gains on listing day, gain over 21% from issue price
Shares of Crizac surged further on their listing day, with the stock currently trading at Rs 296.60, marking a 21% gain over its IPO price of Rs 245. The strong post-listing momentum reflects positive investor sentiment and robust demand. Earlier in the session, Crizac made a solid debut, listing at Rs 281 on the NSE , which was a 14.7% premium to its issue price. On the BSE, the stock opened at Rs 272, translating to an 11% listing gain. The continued rally after the opening indicates strong buying interest, possibly driven by confidence in the company's fundamentals and favorable market conditions. Crizac share price listing Shares of Crizac on Wednesday listed with a 14.7% premium over their IPO price. The stock debuted at Rs 281 on the NSE; meanwhile, it listed at Rs 272 on the BSE, gaining 11%. The IPO of the B2B education platform specializing in international student recruitment was one of the most successful in recent times. The Rs 860 crore offer, which was entirely an OFS, saw an overwhelming subscription of 63 times, underscoring strong demand across investor categories. Live Events The company had priced its IPO in the range of Rs 233 to Rs 245 per share, and the issue was open between July 2 and July 4. Crizac is one of the few tech-enabled B2B education companies to go public in India. With a vast global network of over 10,000 registered agents and operations spanning the UK, Canada, Ireland, Australia, and New Zealand, the company connects prospective students from more than 75 countries with international universities. In FY25, it reported total income of Rs 849.5 crore and a net profit of Rs 152.93 crore, delivering a robust EBITDA margin of 25%. The company's core business model hinges on facilitating student applications through agents, offering universities pre-screened applicants while enabling agents to benefit from a centralized, technology-driven platform. This creates efficiencies in global student recruitment and allows Crizac to earn tiered commissions from institutions. The IPO was lead-managed by Equirus Capital and Anand Rathi Securities. Given the company's strong financial track record—revenue has grown at a CAGR of 76% over three years—and minimal debt on books, analysts were bullish on the IPO, while flagging regulatory risks as a key concern, especially in light of visa-related policy changes in countries like Canada and the UK. With a P/E of 28x and a price-to-book of 9x at the upper end, Crizac's valuation has been seen as reasonable in comparison to listed peer IndiaMART. A strong debut today could reflect investor conviction in the company's global growth story, backed by the rising outflow of Indian students pursuing higher education abroad.
Economic Times
09-07-2025
- Business
- Economic Times
Crizac shares to list on bourses today. GMP signals healthy debut
Crizac, a B2B education platform specializing in international student recruitment, debuted on the stock market on July 9 after a highly successful IPO that was oversubscribed 63 times. The IPO, priced between Rs 233 and Rs 245 per share, saw strong investor demand, with grey market premiums suggesting a listing price around Rs 280-285. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Crizac, the B2B education platform specializing in international student recruitment, is set to make its stock market debut on July 9 after closing one of the most successful IPOs in recent times. The Rs 860 crore offer, which was entirely an OFS, saw an overwhelming subscription of 63 times, underscoring strong demand across investor company had priced its IPO in the range of Rs 233 to Rs 245 per share, and the issue was open between July 2 and July 4. Ahead of its listing on the BSE and NSE, Crizac is commanding a healthy grey market premium (GMP) of around 15%, suggesting a potential listing price in the Rs 280–285 range, well above the upper is one of the few tech-enabled B2B education companies to go public in India. With a vast global network of over 10,000 registered agents and operations spanning the UK, Canada, Ireland, Australia, and New Zealand, the company connects prospective students from more than 75 countries with international FY25, it reported total income of Rs 849.5 crore and a net profit of Rs 152.93 crore, delivering a robust EBITDA margin of 25%.The company's core business model hinges on facilitating student applications through agents, offering universities pre-screened applicants while enabling agents to benefit from a centralized, technology-driven platform. This creates efficiencies in global student recruitment and allows Crizac to earn tiered commissions from IPO was lead-managed by Equirus Capital and Anand Rathi Securities. Given the company's strong financial track record—revenue has grown at a CAGR of 76% over three years—and minimal debt on books, analysts were bullish on the IPO, while flagging regulatory risks as a key concern, especially in light of visa-related policy changes in countries like Canada and the a P/E of 28x and a price-to-book of 9x at the upper end, Crizac's valuation has been seen as reasonable in comparison to listed peer IndiaMART. A strong debut today could reflect investor conviction in the company's global growth story, backed by the rising outflow of Indian students pursuing higher education abroad.
Economic Times
07-07-2025
- Business
- Economic Times
IPO rush, block deals fuel two-fold jump in market fundraise
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: The fund mobilisation through bulk and block (B&B) deals in the Indian equity market improved sharply in the June 2025 quarter according to the data from Equirus Capital following a recovery in the broader market after a slow start in the previous quarter. Sequentially, it increased by 118.9% to ₹1.7 lakh crore while staying muted year-on-year at 3.3% rise. The total funds mobilised through various routes including B&B, initial public offerings (IPO), qualified institutional placements (QIP), and rights issues rose by 103.5% sequentially and by 10.8% year-on-year to ₹2.2 lakh crore."The sharp rebound in equity fund raising this quarter is directly tied to the recovery in secondary market sentiment," said Bhavesh Shah, managing director and head of investment banking at Equirus also reported renewed rigour in issuance. Money raised through this route increased by 88.6% sequentially to ₹29,652 crore. Also, funds through rights issue jumped fourfold to ₹7,644 crore by similar comparison, reflecting companies' eagerness to shore up balance sheets through shareholder-backed this uptick was a marked improvement in investor sentiment. The BSE Sensex rallied nearly 10% in the April-June period, buoyed by robust foreign and domestic inflows. This was in comparison with the 1.4% drop in the corresponding quarter of the previous year. Foreign portfolio investors, who withdrew ₹1.2 lakh crore in January-March 2025, flipped to net buyers, pouring in ₹38,673 crore during April-June, according to NSDL data."IPO investors are typically active in the secondary market as well. So, when markets are underperforming, it not only affects their existing portfolios but also dampens their appetite for new investments," said Shah. He expects the current momentum in fund raising to continue as long as the secondary market remains stable and domestic inflows stay strong,Though the total transaction value of B&B deals improved sequentially, their number fell to 3,003 in the June quarter from 3,461 in the previous quarter reflecting higher average size per deal.
Time of India
07-07-2025
- Business
- Time of India
IPO rush, block deals fuel two-fold jump in market fundraise
ET Intelligence Group: The fund mobilisation through bulk and block (B&B) deals in the Indian equity market improved sharply in the June 2025 quarter according to the data from Equirus Capital following a recovery in the broader market after a slow start in the previous quarter. Sequentially, it increased by 118.9% to ₹1.7 lakh crore while staying muted year-on-year at 3.3% rise. The total funds mobilised through various routes including B&B, initial public offerings (IPO), qualified institutional placements (QIP), and rights issues rose by 103.5% sequentially and by 10.8% year-on-year to ₹2.2 lakh crore. "The sharp rebound in equity fund raising this quarter is directly tied to the recovery in secondary market sentiment," said Bhavesh Shah, managing director and head of investment banking at Equirus Capital. IPOs also reported renewed rigour in issuance. Money raised through this route increased by 88.6% sequentially to ₹29,652 crore. Also, funds through rights issue jumped fourfold to ₹7,644 crore by similar comparison, reflecting companies' eagerness to shore up balance sheets through shareholder-backed offerings. Agencies Underlying this uptick was a marked improvement in investor sentiment. The BSE Sensex rallied nearly 10% in the April-June period, buoyed by robust foreign and domestic inflows. This was in comparison with the 1.4% drop in the corresponding quarter of the previous year. Foreign portfolio investors, who withdrew ₹1.2 lakh crore in January-March 2025, flipped to net buyers, pouring in ₹38,673 crore during April-June, according to NSDL data. "IPO investors are typically active in the secondary market as well. So, when markets are underperforming, it not only affects their existing portfolios but also dampens their appetite for new investments," said Shah. He expects the current momentum in fund raising to continue as long as the secondary market remains stable and domestic inflows stay strong, Though the total transaction value of B&B deals improved sequentially, their number fell to 3,003 in the June quarter from 3,461 in the previous quarter reflecting higher average size per deal.
Time of India
03-07-2025
- Business
- Time of India
Capital raised by real estate firms triples in FY25: Equirus Capital
NEW DELHI: Capital mobilisation by real estate companies has more than tripled in FY25, touching Rs 3,28,526 million, up from Rs 1,09,554 million in FY24, according to Equirus Capital . The number of deals also surged from 5 to 17 over the same period. Large-cap players led the fundraising, clocking Rs 3,93,898 million, followed by REITs at Rs 3,12,012 million. Small-cap and mid-cap firms raised Rs 66,938 million and Rs 52,626 million, respectively. Equirus Capital noted that returns from Real Estate Investment Trusts (REITs) stood at 17.9% for the 12-month period ending June 23, 2025—nearly three times higher than Sensex returns of 6.1%. In contrast, listed large, mid, and small-cap real estate stocks posted negative returns in the same period. However, from a longer-term perspective starting March 2021, small-cap real estate companies have emerged as the best performers, followed by mid-cap players, outperforming other segments and even the benchmark Sensex
