Vikash Agarwal, CMD of Crizac Ltd is addressing the media at their IPO announcement in Mumbai
Crizac on Friday fixed the IPO price band at ₹233-245 a share for its upcoming initial public offering. The ₹860-crore IPO will open for public on July 2 and conclude on July 4. Investors can bid for a minimum of 61 equity shares and in multiples thereof, the company said in a statement.
The IPO is entirely an offer for sale (OFS) of equity shares by promoters Pinky Agarwal (₹723 crore) and Manish Agarwal (₹137 crore).
The company had earlier targeted ₹1,000 crore IPO in November last year, but now trimmed the issue size.
Crizac Ltd is a B2B education platform for agents and global institutions of higher education, offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ)
Over the last three years, Crizac facilitated enrolment applications from over 75 countries through its registered agents on its technology platform. It processed more than 7.11 lakh student applications and collaborated with over 173 global institutions of higher education.
The company reported a revenue from operations of ₹849.49 crore and a profit after tax of ₹152.93 crore for FY25.
The company’s shares will be listed on the BSE and NSE. Equirus Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.
Published on June 27, 2025