Crizac IPO Set to Open on July 2: Aims to Raise ₹860 Crores

Crizac Limited, a leading B2B education platform, is launching its initial public offering (IPO) to raise ₹860 crore through a complete offer for sale of 3.51 crore equity shares. The IPO subscription window opens on July 2, 2025, and will close on July 4, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date of July 9, 2025. The allotment is expected to be finalised on Monday, July 7, 2025.

IPO Structure and Pricing Details

The Crizac IPO follows the book-building process with a price band set between ₹233 and ₹245 per equity share. The minimum application size for retail investors is 61 shares, translating to a minimum investment of ₹14,213.

The IPO is completely offer for sale and it includes the sale of equity shares worth ₹723 crore by Pinky Agarwal and ₹137 crore by Manish Agarwal. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO. About 50% of the public issue has been set aside as a QIB portion. The remaining 35% and 15% have been reserved for retail investors and non-institutional investors, respectively.

Equirus Capital Private Limited and Anand Rathi Securities Limited are appointed as the book running lead managers (BRLMs) for the issue, while MUFG Intime India Private Limited (Link Intime) is acting as the registrar.

About Crizac Limited 

Incorporated in 2011, Crizac Limited operates as a B2B education platform offering international student recruitment solutions. The company partners with agents and higher education institutions across multiple countries, including the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). It specialises in connecting students with global institutions and streamlining international admission procedures for partner universities.

Read More: HDB Financial Services Files RHP for ₹12,500 Crore IPO, Set to Open on June 25!

Conclusion

Crizac Limited’s IPO consists entirely of an offer for sale and is scheduled between July 2 and July 4, 2025. The company provides international student recruitment services across key education markets and has appointed established entities as BRLMs and registrar for the issue.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.