Crizac sets IPO price band at ₹233-245 per share
Crizac, a Kolkata-based B2B education platform, is launching its IPO with shares priced between ₹233 and ₹245.
The company plans to raise ₹860 crore through an offer for sale by its promoters.
You can apply from July 2-4, while anchor investors get in a day earlier.
The company pulled in ₹849 crore in revenue for FY25
Crizac helps universities in the UK, Ireland, Canada, Australia, and New Zealand find international students.
Over the past three years, they've processed more than 7 lakh applications from 75 countries and work with 173 partner institutions.
For FY2025, they pulled in revenue of ₹849 crore and made a profit of nearly ₹153 crore.
All you need to know about the IPO
Half of the IPO shares are set aside for big institutional buyers; retail investors get 35%, and non-institutional folks get 15%.
If you're interested as a retail investor, you'll need to bid for at least 61 shares.
Allotment happens by July 7 and listing is expected on BSE and NSE by July 9.
Since this is a promoter share sale (not new shares), Crizac itself won't pocket any funds from this IPO—it's mainly about giving existing promoters some liquidity.
The company's journey to market started last year with SEBI filings and finally got the green light this March.