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IPO Alert: The B2B education platform Crizac Limited’s Initial Public Offering (IPO) is making a splash among investors. By 4:30 pm on the third day, this IPO is subscribed to 59.60 times. There is a lot of enthusiasm about this IPO in the gray market too. Let’s know the important information of this IPO.
Crizack IPO: subscription status
Crizack’s IPO was opened from 2 July to 4 July 2025. IPO received the following response till 4:30 pm on the third day
Eligible institutional buyer (QIB): 50% shares were reserved, which was filled 0.14 times.
Non-institutional investor (NII): The 15% share was reserved, which received 76.02 times the subscription.
Retail Investor: The 35% share was reserved, which was filled 9.86 times.
The allocation of this IPO is expected to be finalized on July 7, 2025 and shares will be listed on BSE and NSE on 9 July 2025.
Enthusiasm in gray market
In the gray market, Crizack’s shares are trading at a premium of 41. The upper price band of the IPO is 245, according to which shares can be listed around 286, ie a premium of 17%. This shows that there is a lot of enthusiasm among investors about this IPO.
Learn about Crizack’s Business
Crisac Limited, established in 2011, is a B2B Shiksha Manch that provides international student recruitment solutions for higher education institutions in UK, Canada, Ireland, Australia and New Zealand. The features of the company include the following points.
Global Leader: Leading name in student recruitment.
Strong Network: 10,000+ agents and presence in 75+ countries.
Technology: Efficient management with ownership technology forum.
Growth: 34% CAGR in revenue in financial year 23-25 and steady profits.
Diversification: Admission to B2C model and AI-based technology upgrade.
risk
There are also some risks in Crizack’s business.
Dependence on specific universities: The company’s revenue is largely dependent on some universities.
Agent Network: Excessive dependence on the network of agents, which can be harmful when left behind.
Geographical limit: Revenue is mainly dependent on some countries.
University Quality: The company’s performance depends on the quality of its partner institutions.