Crizac's IPO oversubscribed nearly 60 times
Crizac Ltd's IPO was a major hit, getting subscribed nearly 60 times. Investors put in bids for over 154 crore shares, even though only about 2.6 crore were up for grabs.
Big institutional investors led the rush, subscribing over 134 times.
What does Crizac do?
Crizac is a Kolkata-based platform that helps students connect with universities abroad—mainly in the UK, Ireland, Canada, Australia, and New Zealand.
They work behind the scenes to make international student placements smoother by linking agents and global institutions.
Price band and other details
The IPO was priced between ₹233-245 per share and raised ₹258 crore from anchor investors before opening to everyone else.
This offer is purely a sale by the founders—no new shares are being created—and Crizac will start trading on BSE and NSE.
Equirus Capital and Anand Rathi Advisors managed the process.