Crizac IPO Share Price Rallies 23% After 15% Premium Listing on BSE & NSE Today; Jackpot for Investors

Crizac Ltd made a blockbuster debut on the stock exchanges today, July 9, giving its IPO investors listing gains of nearly 15%. The stock listed at Rs. 281.05 on NSE and Rs. 280 on BSE, compared to its issue price of Rs. 245 per share, which was at par with the grey market expectations. The Crizac IPO GMP had been hovering around Rs. 41 to Rs. 42 in the unofficial market, predicting a listing gain of around 17%, and the actual listing lived up to the hype.

Crizac IPO Share Price

Crizac IPO shares on the NSE listed with a 14.71% premium at Rs. 281.05. As of 11:30 am, the stock is trading at Rs. 302.80, rising up to 23%.

On the BSE, Crizac IPO shares are trading at Rs. 303.45, rising 8.38% from the listing price of Rs. 280 per share and 23.86% from the issue price.

The current market cap post listing is at Rs. 4,759.52 crore.

Crizac IPO Subscription Status: Over 62 Times Subscribed

Crizac's Rs. 860 crore IPO received an overwhelming response from all categories of investors, with an overall subscription of 62.89 times. The Qualified Institutional Buyers subscribed 141.27 times. Non-institutional investors subscribed to it 80.07 times, while the retail investors bid 10.74 times.

Crizac IPO GMP & Market Sentiment

Leading IPO analysts and platforms had earlier quoted a Crizac IPO GMP of Rs. 41.50, translating to an expected listing price near Rs. 287, i.e., a 16.94% listing gain. The actual debut at Rs. 280 to Rs. 281 shows a close match with these predictions, giving investors double-digit returns on Day.

About Crizac Limited

Crizac Limited was incorporated in 2011, and it operates a B2B education technology platform connecting student recruitment agents and global universities. The company helps institutions from countries like the UK, Canada, Ireland, Australia, and New Zealand in recruiting international students. Crizac has processed over 5.95 lakh student applications for more than 135 global higher education institutions. With clients and partners in over 75 countries, the company relies heavily on its proprietary tech platform to manage the entire process.

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