Crizac IPO Sees Strong Demand: Subscribed 62.89 Times, Big Listing Gains Expected; Check GMP And Other Details

The Initial Public Offering (IPO) of student recruitment platform a company Crizac Limited closed on July 4, 2025, with huge interest from investors. By the end of the final day of bidding, the IPO was subscribed 62.89 times. Many investors, especially Qualified Institutional Buyers (QIB), showed strong interest in the IPO by subscribing 141.27 times.

Positive reviews from top brokerages and a high grey market premium (GMP) boosted investor interest in the Crizac IPO. Experts now expect strong listing gains when the shares debut on BSE and NSE on July 9, 2025.

Crizac IPO Subscription Details:

Crizac IPO got bids for 154.53 crore shares, while only 2.45 crore shares were available. Among the different investor categories, QIBs subscribed 141.27 times, Non-Institutional Investors (NIIs) subscribed 80.07 times, and Retail Investors (RIIs) subscribed 10.74 times, according to chittorgarh. This shows high interest across all investor groups.

Grey Market Premium (GMP):

The GMP of Crizac IPO is Rs 40, rising from Rs 21 earlier this week. This suggests that the share could list at around Rs 285, which is over 16.33% higher than the upper end of the IPO price band of Rs 245, according to investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Crizac IPO Allotment and Listing Dates:

The IPO allotment will be finalized on July 7, and the shares will be credited to the investors demat accounts by July 8. The company's shares are expected to list on the BSE and NSE on July 9, 2025. Investors who do not receive an allotment can expect refunds to be processed by July 8.

Crizac IPO Detail:

Crizact IPO is entirely an offer for sale (OFS) of equity shares totaling Rs 860 crore. In this sale, Pinky Agarwal sold shares worth Rs 723 crore, and Manish Agarwal sold shares worth Rs 137 crore, making up the total issue size. The IPO was open for bidding from July 2 to July 4, 2025.The price band was set at Rs 245 per share.

Equirus Capital Private Limited and Anand Rathi Securities Limited are the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. Earlier, Crizac had planned to raise Rs 1,000 crore, but later reduced the issue size.

Ahead of the IPO opening, Crizac raised Rs 258 crore from anchor investors including ICICI Prudential Flexicap Fund, Allianz Global Investors Fund - India Equity, and Shamyak Investment Pvt Ltd.

What Industry Said About Crizac IPO?

"The company is in a good position to benefit from the growing number of students going abroad, thanks to its strong network of universities and agents. However, there is some risk from changing rules, like the recent cap on international students in Canada. Still, we recommend SUBSCRIBE for long-term gains," said Canara Bank in its review report.

BP Equites, SBI Securities and Choice broking were some of the companies supporting canara Bank with Buy rating for Crizac IPO.

Crizac Overview:

Founded in 2011, Crizac Limited is a B2B education platform that connects global universities in countries like the UK, Ireland, Canada, Australia, and New Zealand with student recruitment agents across 75+ countries.

In FY25, Crizac reported a revenue of Rs 885 crore and a net profit of Rs 153 crore, showing strong financial performance during the year.

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