Crizac IPO is creating buzz among investors with its upcoming public offering. As a fast-growing international education B2B platform, Crizac Limited has filed for an IPO that opens for subscription from July 2, 2025 to July 4, 2025. In this article, we will provide a detailed Crizac IPO Review covering IPO Dates, Issue Price, GMP, Financials, Competitive Strengths, Risks, Objects of the IPO, and final verdict – Subscribe or Avoid.
About Crizac Limited
Crizac Limited, incorporated in 2011, is a B2B international education company providing student recruitment solutions. It operates a proprietary technology platform connecting students, agents, and over 135 global institutions in countries like the UK, Canada, Australia, Ireland, and New Zealand. As of September 2024, Crizac had 7,900 registered agents across 25+ countries.
The company processed over 5.95 lakh student applications during FY2024 and has a team of 329 employees and 10 consultants.
Competitive Strengths
- Proprietary tech platform enabling scalable student application processing
- Large global network of over 7,900 registered agents
- Association with reputed educational institutions globally
- Diversified geographic reach across 25+ countries
- Strong growth in revenue and profitability
Crizac IPO Issue Details
- IPO Open Date: July 2, 2025
- IPO Close Date: July 4, 2025
- Listing Date (Tentative): July 9, 2025
- Face Value: ₹ 2 per share
- Price Band: ₹ 233 to ₹ 245 per share
- Lot Size: 61 Shares
- Minimum Investment (Retail): ₹ 14,945
- Total Issue Size: ₹ 860 Crores (3.51 Crore Shares)
- Offer Type: 100% Offer for Sale
- Lead Managers: Equirus Capital, Anand Rathi Advisors
- Registrar: MUFG Intime India Pvt Ltd
- Listing At: BSE and NSE
Objects of the IPO
Since the IPO is purely an Offer for Sale, the company will not receive any proceeds. The objective is to provide exit opportunities to existing promoters and unlock value.
Crizac Financials
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) |
|---|---|---|---|
| FY2023 | 517.85 | 112.14 | 107.29 |
| FY2024 | 763.44 | 118.90 | 72.64 |
| FY2025 | 884.78 | 152.93 | 212.82 |
- Crizac’s revenue grew by 16% in FY2025.
- PAT increased by 29% to ₹ 152.93 Cr in FY2025.
- Strong EBITDA margin of 25.05% and PAT margin of 17.28%.
P/E Ratio Comparison with Peers
| Company | EPS (₹) | P/E (x) | Industry Average |
|---|---|---|---|
| Crizac (Post IPO) | 8.74 | 28.03 | ~35x |
Crizac’s valuation is moderate compared to the industry average, making it relatively attractive.
Grey Market Premium (GMP) of Crizac IPO
As of current reports, Crizac IPO GMP is around ₹ 85-90, indicating strong investor interest and expected listing gains.
Reasons to Invest in Crizac IPO
- Strong presence in fast-growing international education segment
- Consistent growth in revenues and margins
- Tech-enabled scalable model
- Experienced management with global outreach
- Reasonable valuation compared to peers
Risk Factors
- Entire issue is Offer for Sale, no funds for company growth
- Heavily dependent on student recruitment to foreign institutions
- Changes in immigration policies can impact volumes
- Competition from global and regional players
How to Apply for Crizac IPO?
- You can apply for the Crizac IPO through your broker’s platform using the UPI method or ASBA.
- Ensure UPI mandate approval by 5 PM on July 4, 2025.
Crizac IPO – Should You Subscribe or Avoid?
Crizac IPO looks fundamentally strong with consistent growth in revenues, margins, and a scalable tech-driven B2B model in the international education space. Even though the issue is an OFS, it offers a good opportunity to invest in a niche business with strong fundamentals. The GMP trends are also favorable.
Investors can subscribe for medium to long-term perspective.
FAQs about Crizac IPO
- What are Crizac IPO dates?
The IPO opens on July 2, 2025, and closes on July 4, 2025. - What is Crizac IPO Price Band?
The price band is set at ₹ 233 to ₹ 245 per equity share. - What is the lot size for Crizac IPO?
Investors can apply in a lot of 61 shares. - Is Crizac IPO good or bad for investment?
Fundamentally strong company with reasonable valuation and growth prospects. A good IPO to consider. - How much is Crizac IPO GMP today?
As per latest trends, GMP is around ₹ 85-90. - Will the company get money from IPO?
No, it’s an Offer for Sale. Proceeds go to existing promoters. - Where will Crizac IPO be listed?
It will be listed on both BSE and NSE.
Discover more from Myinvestmentideas.com
Subscribe to get the latest posts sent to your email.
very nice analysis of CRIZAC