Crizac IPO: GMP today
In the unlisted market, shares of Crizac were trading at a premium of ₹32, up from ₹22 a day earlier, translating to estimated listing gain of around 13.06%.
The company is selling its shares in a fixed price band of ₹233-245 for the IPO, which opened for subscription July 2.
The IPO is entirely an offer for sale of up to ₹860 crore by promoters Pinky Agarwal and Manish Agarwal.
The company will not receive any proceeds from the issue and entire proceeds shall go to the selling shareholders.
Company overview
Incorporated in 2011, Crizac Limited is a B2B education platform specialising in international student recruitment solutions for institutions of higher education in the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand.
The company facilitates global outreach for universities by sourcing student applications from over 75 countries through a wide network of agents.
For the fiscal ended on March 31, 2025, Crizac posted a net profit of ₹153 crore with a revenue of ₹885 crore. It reported a net profit of ₹118.90 crore with a revenue of ₹763 crore in FY24.
Equirus Capital Private Limited is the book-running lead manager of the Crizac IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar.
The allotment for the Crizac IPO is expected to be finalised on July 7, while the shares will list on BSE, NSE with a tentative listing date fixed as July 9.
