IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Up to [●] Equity Shares aggregating up to ₹10,000.00 million
Investor category and sub category
RIIs | NIIs | QIBs | Eligible employees |About Crizac Limited
Crizac Limited is a prominent education platform specializing in international student recruitment solutions for leading institutions of higher education in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ).
Renowned for its strong ties with UK institutions, Crizac holds a substantial market share, facilitating approximately 13.0% of Indian students' transition to UK universities in 2023. With a global reach, they operate via a proprietary technology platform, boasting over 5,300 registered agents worldwide, facilitating student applications from 72 countries.
Their collaborative approach with global institutions has enabled tailored recruitment strategies, contributing to robust growth, evidenced by an 81.02% CAGR in revenue from operations from Fiscal 2014 to 2023. Operating primarily from India with co-primary operations in London, UK, Crizac employs a skilled workforce of 210 individuals and 10 consultants, leveraging extensive international educational expertise.
Working closely with prestigious institutions like the University of Birmingham and Nottingham Trent University, Crizac's revenue is geographically diversified, with significant contributions from the UK, Canada, and the Republic of Ireland.
Their proactive agent engagement strategy ensures symbiotic partnerships, reflected in the consistent growth trajectory and global presence, positioning Crizac as a leader in the international student recruitment domain.
Industry Outlook:
- The Indian education sector, valued at $117 billion in FY 2020, is projected to grow to $225 billion by FY 2025 and $313 billion by FY 2030.
- Indian students studying abroad surged from 7,70,000 in 2019 to an estimated 14,80,000 in 2023, with a projected CAGR of 7.8% (2023-2030).
Crizac Limited IPO Details
Crizac Limited IPO Dates
The exact dates are yet to be announced.
Crizac Limited IPO Price Band
The exact price range is yet to be announced.
Crizac Limited IPO Lot Size
The exact lot size is yet to be announced.
Crizac Limited IPO Objectives
This Initial Public Offering (IPO) constitutes only an Offer for Sale, wherein proceeds from the IPO will be allocated to the promoters divesting their shares.
Peer Details
The companies considered by Crizac as its peers include:
- Indiamart Intermesh Ltd,
- IDP Education Ltd
How to Check the Allotment Status of the Crizac Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Crizac Limited IPO
- Registered office: Wing A, 3rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, India - 700017
- Phone: +91 33 3544 1515
- E-mail:compliance@crizac.com
IPO Financials
| Particulars | For the 6-month period Ended on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations (in ₹ million) | 1,636.00 | 2,740.98 | 287.79 |
| Profit After Tax (PAT) (in ₹ million) | 885.86 | 1,101.09 | 200.44 |
| Cash & Cash Equivalents (in ₹ million) | 301.76 | 157.10 | 0.00 |
| Net Worth (in ₹ million) | 3,109.04 | 2,199.70 | 360.63 |
| Debt to Equity Ratio(x) | 0.00 | 0.00 | 0.00 |
| Return on Equity (%) | 33.37% | 67.58% | 96.21% |
| Return on Capital Employed (RoCE) (%) | 35.81% | 63.94% | 8.57% |
| Earning Per Share (EPS)-in absolute ₹ | 5.06 | 6.29 | 67.79% |
Know before investing
Strengths
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With over 5,300 agents across 72 countries, Crizac sources applications from diverse geographies for higher education institutions, ensuring a broad student base.
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Holding close to 13.0% of the Indian market share for students pursuing higher education in the UK, Crizac demonstrates leadership in student recruitment.
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Long-standing partnerships with 140+ global institutions of higher education, including top UK universities, underscore Crizac's expertise and reliability.
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Crizac's proprietary platform streamlines communication, automates processes and offers real-time access, enhancing operational efficiency and customer experience.
Risks
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Heavy reliance on a limited number of global institutions for revenue poses vulnerability to loss and adverse impacts on operations and financial conditions.
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Reliance on agents for student recruitment, coupled with the potential loss or replacement of top agents, threatens business operations and financial stability.
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The success of Crizac Limited is contingent on sustained collaboration with global institutions of higher education, subject to renewal uncertainties and potential revenue thresholds.
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Revenue concentration in select geographies heightens susceptibility to adverse geopolitical, economic, or policy developments, impacting business, financial condition, and future prospects.
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Crizac IPO FAQs
Crizac IPO is a book-built IPO. The exact dates and price range are yet to be announced.
The exact dates and price range are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
