Crizac IPO to open on July 2; Rs 800+ crore offering, expected allotment date

Crizac IPO to open on July 2; Rs 800+ crore offering, expected allotment date Khelja | 28/06/2025 11:21:03

New Delhi: Crizac, a student recruitment consultancy, is coming up with a Rs 860 crore worth IPO. It is a B2B education platform that simplifies the application and streamlines the admission process by bringing the channel partners and institutions together on a single platform. The company has processed over 5 lakh student applications from over 75 countries while working with over 135 global institutions of higher education in the UK, New Zealand, etc. The company has consultants of around 7900 globally.

Crizac IPO price band, allotment date

The public issue for the general public starts on 2nd July 2025, whereas for anchor investors, it starts on 1st July, said the company in a statement. Crizac IPO is set to conclude on 4th July 2025. As of now, there are no details regarding the details of the price band.

The IPO is entirely an OFS (offer for sale). Promoters Pinky Agarawal and Manish Agarwal are offloading their shares worth Rs 723 crore and Rs 137 crore, respectively. The data is obtained from the Red Herring Prospectus. Crizac is set to receive zero proceeds from the sale. The shareholders selling t heir stakes will gain from the offer after deducting applicable taxes and related expenses.

No more than 50% of the total net offer is reserved for QIB (qualified institutional buyer). Retail buyers are set to be offered 35 percent of the total net offer, whereas for NIIs the share is set at 15 percent of the total net offer.

The company reported an increased revenue from operations of around Rs 849.49 crore, a 34 percent jump from the previous fiscal year, whereas a profit after tax (PAT) is around Rs 152.93 crore, a 30 percent jump from the previous fiscal year.

The company’s tentative listing date is set to be around 9th July 2025. Equirus Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)