Crizac IPO: Crizac Limited is opened to hit the primary market with its ₹860 crore IPO, from July 2, 2025, and closing on July 4, 2025. The IPO has created a buzz in the Indian capital markets, especially among retail and institutional investors, thanks to Crizac’s sharp growth trajectory and international presence in student recruitment. With strong revenue numbers, robust margins, and a clear niche in global education services, the Crizac IPO looks promising for long-term investors.
Here’s a detailed review of the Crizac IPO — from price band to allotment schedule, financial performance, and peer comparison. This article aims to help Indian retail investors make informed decisions with clarity and confidence.
Crizac IPO 2025: Key Dates and Offer Details
The Crizac IPO is a book build issue entirely comprising a fresh issue of ₹860 crores. Here’s a summary of the key dates and details:
| Particulars | Details |
|---|---|
| IPO Open Date | July 2, 2025 |
| IPO Close Date | July 4, 2025 |
| Listing Date | July 9, 2025 |
| Allotment Date | July 7, 2025 |
| Refunds Initiated | July 8, 2025 |
| Demat Credit Date | July 8, 2025 |
| IPO Listing Exchange | BSE, NSE |
| Face Value | ₹2 per equity share |
| Price Band | ₹233 to ₹245 per share |
| Lot Size (Retail) | 61 shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Managers | Equirus Capital, Anand Rathi |
Crizac IPO Market Lot and Investment Details
Retail investors can apply for a minimum of 1 lot (61 shares) and a maximum of 13 lots (793 shares). Here’s a breakdown:
| Category | Lots | Shares | Amount (at ₹245/share) |
|---|---|---|---|
| Retail Min | 1 | 61 | ₹14,945 |
| Retail Max | 13 | 793 | ₹1,94,285 |
| S-HNI Min | 14 | 854 | ₹2,09,230 |
| B-HNI Min | 67 | 4,087 | ₹10,01,315 |
About Crizac Limited: Global EdTech Ambitions
Founded in 2011, Crizac Limited is a tech-enabled international education services company headquartered in Kolkata. The company provides global student recruitment solutions across the UK, Canada, Australia, Ireland, and New Zealand.
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Crizac processed 5.95 lakh student applications in the last 3 years.
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They’ve partnered with 135+ global institutions across 75+ countries.
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The company has a network of 7,900 agents, with 2,532 active agents (including 1,524 in India).
Crizac’s operations reflect India’s growing outbound student market and global demand for Indian talent, giving it a long-term tailwind in the international education space.
Financials & Growth: Crizac Performance Snapshot
Crizac’s financials demonstrate a strong growth trajectory with expanding profitability. Let’s decode the numbers:
| Particulars | FY2024 | FY2025 |
|---|---|---|
| Revenue | ₹658.62 Cr | ₹884.78 Cr |
| Expenses | ₹396.96 Cr | ₹682.34 Cr |
| Profit After Tax | ₹117.92 Cr | ₹152.93 Cr |
| Total Assets | ₹591.03 Cr | ₹877.74 Cr |
Valuation Metrics & Ratios – FY2025
For investors tracking valuation and efficiency, here are some key ratios:
| Metric | Value |
|---|---|
| EPS (Basic) | ₹8.74 |
| Net Asset Value (NAV) | ₹28.90 |
| Return on Equity (RoE) | 30.38% |
| Return on Net Worth (RoNW) | 30.24% |
| Price-to-Earnings (P/E) | N/A |
| Debt-to-Equity Ratio | 0 (Debt-free) |
Peer Comparison: Where Does Crizac Stand?
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Revenue |
|---|---|---|---|---|---|
| Indiamart Intermesh Ltd | ₹91.84 | 27.18 | 25.20% | ₹363.43 | ₹1388.34 Cr |
| IDP Education Ltd (AUD) | ₹0.48 | 7.86 | 25.51% | ₹1.88 | ₹103.73 Cr |
| Crizac Ltd | ₹8.74 | N/A | 30.24% | ₹28.90 | ₹884.78 Cr |
Should You Subscribe to Crizac IPO?
Given Crizac’s consistent revenue growth, strong profitability, asset-light business model, and global expansion in the booming international education space — this IPO presents a solid opportunity, especially for long-term investors.
The valuation looks reasonable considering its margins and debt-free status. However, listing gains may depend on broader market sentiment during that week.
Verdict: Apply for listing gains only if market sentiment remains bullish. Otherwise, Crizac makes a good long-term portfolio candidate.
Promoters & Management
Crizac is backed by experienced promoters:
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Dr. Vikash Agarwal
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Pinky Agarwal
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Manish Agarwal
With over a decade of presence in the global education market, their leadership has been instrumental in Crizac’s growth journey.
How to Apply for Crizac IPO?
You can apply via UPI-based online brokers like Zerodha, Groww, Upstox, or traditional net banking ASBA. Check your eligibility, ensure funds are available, and apply before 3 PM on July 4, 2025.
For allotment updates, visit Link Intime IPO Status Page.
Final Thoughts
The Crizac IPO is not just another listing — it represents the growing influence of Indian platforms in the global education space. With solid financials, a fast-scaling business model, and experienced leadership, it ticks most boxes for long-term investors. Keep track of listing sentiment, and don’t forget the July 2–4 window.
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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
