Introduction
India’s IPO season continues to buzz as Crizac Limited opens its public issue for subscription. The Crizac Limited IPO has officially launched today, July 2, 2025, and the bidding will remain open till July 4, 2025. With investors eager to understand the potential listing gains, market sentiment, and business fundamentals, let’s take a close look at Crizac’s IPO, including Day 1 subscription data, GMP, and key financials.
Crizac Limited IPO Details
Crizac Limited is entering the Indian stock
markets through a book-building IPO worth
₹860 crore. However, it is important to note that this issue is completely an offer for sale (OFS). This
means that no fresh shares are
being issued, and the proceeds from the IPO will go directly to the selling shareholders, not to the
company.
Here’s a quick overview of the IPO terms:
| Details | Information |
|---|---|
| IPO Open Date | July 2, 2025 |
| IPO Close Date | July 4, 2025 |
| Price Band | ₹233 to ₹245 per share |
| Minimum Lot Size | 61 shares |
| Minimum Investment Amount | ₹14,213 |
| Issue Size | ₹860 crore (OFS only) |
| Listing Date (Tentative) | July 9, 2025 |
| Exchanges | NSE and BSE |
| Lead Managers | Equirus Capital, Anand Rathi Advisors |
| Registrar | MUFG Intime India Pvt Ltd |
Day 1 Subscription Status (As of July 2, 2025
– 11:25 AM)
Early numbers on Day 1 suggest a tepid response so far, which is often
expected in large IPOs on the first day.
| Investor Category | Subscription (Times) |
|---|---|
| Retail Investors | 0.16x |
| Qualified Institutional Buyers (QIB) | 0.00x |
| Non-Institutional Investors (NII) | 0.06x |
| Overall Subscription | 0.10x |
While institutional investors are yet to place their bids, retail participation has started picking up. Most QIB applications tend to come in on the last day of bidding.
Crizac Limited GMP Today: July 2, 2025
The Grey
Market Premium (GMP) is often seen as a measure of investor sentiment.
As per Livemint, the GMP for Crizac Limited IPO is ₹21 as of
9:30 a.m. on July 2.
This means:
·
Expected
Listing Price: ₹245 (upper price band) + ₹21 (GMP) = ₹266
·
Estimated
Premium: 8.57%
This moderate GMP suggests investors expect mild listing gains if the market conditions remain stable. However, GMP can change daily, especially as we approach the listing date.
Business Overview: What Does Crizac Limited
Do?
Founded in 2011, CrizacLimited operates in the B2B
education services space. It serves as a bridge between education
agents and global higher education institutions. Crizac helps in the
recruitment of international students for colleges and universities in
countries like:
·
United
Kingdom
·
Canada
·
Australia
·
New
Zealand
·
Republic of
Ireland
Key Highlights:
·
Global
Network: ~7,900 education agents
·
Student
Applications Processed: Over 5.95 lakh
·
Business
Model: B2B Recruitment Solutions
Crizac has built a strong reputation by offering seamless services for educational institutes to recruit quality international students, especially from South Asia and Africa. Its technology platform and partnerships have made it a valuable player in the growing edtech ecosystem.
Why This IPO Matters to Investors
While Crizac Limited will not receive any
capital from this IPO (as it is entirely an OFS), there are still several
reasons why investors are showing interest:
1. Edtech & Education Recruitment Boom
With growing demand for international education and rising
student mobility, companies like Crizac stand to benefit. More students from
India and Asia are applying to study abroad, especially in the UK and Canada,
which are Crizac’s primary markets.
2. Established Global Presence
Crizac’s global reach and wide agent network
give it an edge over local competitors. Its data-driven, tech-enabled platform
allows educational institutions to make better recruitment decisions.
3. IPO Size & Liquidity
With an IPO size of ₹860 crore and a likely NSE and BSE listing, Crizac will offer sufficient liquidity for both retail and institutional investors.
Who Are the Lead Managers?
The IPO is being handled by well-established
names in the investment banking industry:
·
Equirus
Capital Private Limited
·
Anand
Rathi Advisors Limited
These firms are known for managing mid-size
IPOs with efficient execution and support.
The registrar for the issue is MUFG Intime India Pvt Ltd, formerly known as Link Intime, which is a trusted registrar for many high-profile IPOs.
Should You Invest in Crizac Limited IPO?
Pros:
·
Established player in a high-growth education market
·
Strong network of agents and global institutions
·
Positive GMP of ₹21, indicating possible listing gains
·
Increasing interest in international education
Cons:
·
Entirely
an OFS, so no fresh capital is being raised
·
Early Day 1 subscription figures are modest
· Business is heavily dependent on student mobility trends, which are influenced by global policies
Key Dates for Crizac Limited IPO
| Event | Date |
|---|---|
| IPO Opens | July 2, 2025 |
| IPO Closes | July 4, 2025 |
| Allotment Finalisation | July 7, 2025 |
| Credit to Demat | July 8, 2025 |
| Listing on BSE & NSE | July 9, 2025 (tentative) |
Final Thoughts
The CrizacLimited IPO is attracting attention for being a tech-enabled B2B player in the global education
sector. While the IPO is entirely an offer for sale, the company’s track record, global presence, and
moderate GMP make it worth watching.
Retail investors looking for listing gains may
find the IPO attractive, especially if subscription
improves in the next two days. However, long-term investors should
look deeper into Crizac’s financials, scalability, and future growth plans
post-IPO.
As always, invest only after understanding your risk appetite and the company’s fundamentals. IPOs can offer quick gains, but they can also be volatile.
