Crizac IPO Day 2 Update: Issue Subscribed 2.28 Times; GMP Suggests 11% Listing Gains

The Crizac IPO is seeing decent investor interest as it enters Day 2 of bidding. The Initial Public Offering of this education platform opened for subscription on July 2nd and will remain open until tomorrow, July 4th. The IPO worth Rs. 860 crore is a complete offer for sale of 3.51 crore equity shares, with a price band of Rs. 233 to Rs. 245 per share.

Crizac IPO Subscription Status on Day 2

As of 3:24 PM on July 3, 2025, the Crizac IPO was subscribed to 2.28 times overall. The retail investor portion has seen strong traction with a subscription of 2.49 times, while non-institutional investors have subscribed 4.66 times. However, the Qualified Institutional Buyers category remains underwhelming with just 0.14 times subscription so far. The IPO has one more day to go, and final-day demand, especially from QIBs, will be crucial in determining overall investor sentiment.

Crizac IPO GMP Today and Expected Listing Price

The issue is expected to list at Rs 272.5 per share, as the latest Crizac IPO GMP stands at Rs 27.5 as of 2:36 PM on July 3, 2025. With the upper price band fixed at Rs. 245, a possible listing gain of 11.22% can be seen. However, it should be noted that while GMP is not a guaranteed predictor of listing performance, it does offer insight into unofficial market sentiment.

Crizac IPO Anchor Investor Response

Crizac attracted strong anchor investor interest ahead of the main issue. On July 1, 2025, the company successfully raised Rs.258 crore from several high-profile anchor investors, which included ICICI Prudential Flexicap Fund, ICICI Prudential Exports and Services Fund, Shamyak Investment Private Limited, Allianz Global Investors Fund - India Equity, and Allianz Global Investors Fund - Asian Small Cap Equity.

Crizac IPO Listing and Allotment Dates

The IPO closes on July 4, and the allotment date is July 7th. Post the allotments of shares, the IPO will be listed on the BSE and NSE on July 9th.

Investors who receive allotment can expect equity shares to be credited to their demat accounts by July 8, with refunds processed around the same time for those who don't get allotted.