Crizac IPO Day 3: Subscribed more than 9 times so far; NII segment sees 26.49 times bid
Crizac IPO Day 3: The three-day subscription window for Crizac Limited’s initial public offering (IPO) entered its final day today on July 4. As of 12:33 pm, a quotation of Rs 860 crore of Rs 9.01 was subscribed to a bid of 23,27,05,05,240 shares, which is related to a quotation of 2,58,58,96,909 shares.
Qualified Institutional Buyer (QIB) subscribed 2.74 times, with 2,02,61,821 bids while retaining 73,81,973 shares. Non-Institutional Investors (NIIS) led the way with 26.49 subscriptions, winning 14,66,53,516 bids at 55,36,481 shares.
In the NII sector, the bids for Rs 1 million were ordered at 29.94, while the fares for bids between Rs 2 million and Rs 1 million were 19.59. Subscriptions in the Retail Individual Investor (RII) sector were 5.09 times, with 6,57,89,903 shares sold 1,29,18,455 shares.
Crizac IPO details: Price band, Issuance scale, Key date
- Price band: Rs 233 to Rs 245 per share
- Issuance Size: Rs 860 crore (all for sale quotation)
- IPO opening hours: July 2, 2025
- IPO closed: July 4, 2025
- Listing Date: May be on Wednesday, July 9, 2025 on BSE and NSE
- Chief Manager (BRLMS): Consultant, Equirus Capital and Anand Rathi
- Registrar: MUFG Intime India
What does Krizak do?
Founded in 2011, Crizac Limited is a B2B education platform that works with agencies and global institutions to provide international student recruitment solutions. The company operates in key higher education markets such as the UK, Canada, Ireland, Australia and New Zealand (ANZ).
As of September 30, 2024, Crizac has purchased student applications from 75 countries through its proprietary platform. The company has processed more than 595,000 applications and has worked with more than 135 higher education institutions around the world.
