Crizac Limited (MAINBOARD)
July 2, 2025 – July 4, 2025
| Price | ₹233 - ₹245 |
| Premium | ₹0 |
|---|---|
| Lot size | 61 |
| Allotment | Jul 7, 2025 |
| Listing | Jul 9, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 61 | 14945 | 201405 |
| sHNI | 14 | 854 | 209230 | 2055 |
| bHNI | 67 | 4087 | 1001315 | 4110 |
IPO Details
| Total Issue Size | [35102041] shares (aggregating up to 860.00 Cr) |
| Net Offered to Public | [35102041] shares (aggregating up to 860.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,74,98,250 shares |
| Share Holding Post Issue | 1,74,98,250 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator
| KPI | Mar-25 | Mar-24 |
|---|---|---|
| ROE | 30.38% | 34.74% |
| ROCE | 40.03% | 54.92% |
| EPS (basic) | 8.74 | 6.74 |
| P/E Pre IPO | 28.03 | |
| P/E Post IPO |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 |
|---|---|---|
| Assets | 877.74 | 591.03 |
| Revenue | 884.78 | 658.62 |
| Profit After Tax | 152.93 | 117.92 |
| EBITDA | 212.82 | 71.66 |
| Net Worth | 341.81 | 505.71 |
| Reserves and Surplus | 304.15 | 468.37 |
| Total Borrowing | 0.08 | 0.08 |
About Company
Incorporated: 2011
Business Model: B2B education platform for international student recruitment
Focus Markets: United Kingdom, Canada, Ireland, Australia, New Zealand
Application Volume: Processed over 5.95 lakh student applications
Partner Institutions: Over 135 global higher education institutions
Agent Network (as of Sep 30, 2024)
Registered Agents: 7,900 globally
Active Agents in FY24: 2,532
India: 1,524
International (25+ countries): 1,008 (~40%)
Key countries: UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, Egypt
Workforce (as of Sep 30, 2024)
Employees: 329
Consultants: 10 (in countries like Cameroon, China, Ghana, Kenya)
Strength
Strong Global Presence & Track Record: Successfully processed over 7 lakh student applications across FY23–FY25 from 75+ countries, partnering with 173+ global institutions in the UK, Ireland, Canada, ANZ, and the USA.
Deep Institutional Relationships: Longstanding ties with top institutions—20+ of the top 30 partners have been associated for over 5 years; also offers value-added services like marketing and admission office management.
Extensive Agent Network: Over 10,362 registered agents and 3,948 active agents across 39+ countries, enabling access to a large and diverse student base for global recruitment.
Weakness
High Client Concentration: Significant reliance on a few global institutions of higher education; loss of any major partner could materially impact revenue and growth.
Agent Dependency: Business operations depend heavily on registered agents; loss or reduced performance of key agents could disrupt application flow and student recruitment.
Relationship-Driven Model: Success hinges on maintaining strong, long-term collaborations with global institutions; failure to sustain these relationships may impact future business prospects.
Lead Manager(s)
Address
Wing A, 3 rd Floor, Constantia Building,
11, Dr. U.N. Brahmachari Street,
Shakespeare Sarani,
Kolkata, West Bengal, 700017
Phone: +91 33 3544 1515
Email: compliance@crizac.com
Website: http://www.crizac.com/
Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083