Archive · 2 Jul 2025
Crizac IPO Opens: Bidding Begins on July 2nd, Listing Set
Crizac, a company that helps students study abroad, launched an IPO, which is like selling shares of the company to raise money.
The IPO opened on July 2nd.
Investors can buy shares at a price between Rs 233 and Rs 245.
Early estimates suggest the shares may sell for a higher price than this.
The company aims to raise a total of Rs 860 crore.
The listing is expected to occur on July 9th.
It's like the company is opening its doors for people to invest in them.
Crizac's IPO opened on July 2, offering shares for sale from promoters.
The IPO aims to raise Rs 860 crore through the sale of shares.
Shares are offered in a price band of Rs 233 to Rs 245.
The grey market premium (GMP) indicated a Rs 39 premium.
Listing is tentatively scheduled for July 9.
- Who
- Crizac, a B2B education platform.
- What
- Crizac launched an IPO.
- When
- The IPO opened on July 2, and is expected to list on July 9.
- Where
- Not explicitly stated, but focuses on international student recruitment.
- Why
- To raise capital through an offer for sale of equity shares.
Key Risks
Opportunities
Dependency on Key Partners
Key Risks
Company is heavily dependent on few global institutions of higher education.
Opportunities
Company is heavily dependent on its agents.
- IPO Size
- Rs 860 crore
- Share Price
- Rs 233-245 per share
- GMP
- Rs 39 premium
- Listing Date
- July 9 (tentative)
- Lead Managers
- Equirus Capital and Anand Rathi Advisors
- Offer Type
- Offer for Sale (OFS)
Sources
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