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Crizac IPO Allotment Date And Listing Date: Unlisted shares of Crizac are trading at Rs 287 against its IPO price of Rs 245, which is nearly 17% GMP, indicating mild listing gains.
Crizac Ltd, a B2B education platform founded in 2011, facilitates international student recruitment for global institutions.
Crizac IPO Allotment Date And Listing Date: Even as the Crizac IPO has concluded with a total subscription of 62.89x on the final day of bidding on Friday, investors’ focus now shifts towards its allotment date. The allotment of the Crizac IPO will be finalised on Monday, July 7. Here’s the latest GMP and steps to check allotment status:
Crizac IPO: A Step-By-Step Guide To Check Allotment Status
The Crizac IPO allotment will take place on Monday, July 7. Once the allotment is finalised, the IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Crizac Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Link Intime’s portal — and check the Crizac IPO allotment status.
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Crizac IPO Listing Date
The Crizac IPO will be listed on both BSE and NSE on July 9.
Crizac IPO GMP Today
According to market observers, unlisted shares of Crizac Ltd are currently trading at Rs 287 against its upper IPO price of Rs 245. It means a grey market premium or GMP of Rs 42, which is 17.14% over its issue price, indicating mild listing gains for investors.
The GMP is higher than the 8.98% recorded in the morning. However, in previous day on Thursday, the grey market premium was at around 11%.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Crizac IPO Subscription Status
The initial public offering of student recruitment solution provider Crizac closed today, Friday, July 4. On the final day of bidding on Friday, the issue received a 62.89 times subscription, garnering bids for 1,54,53,03,240 shares as against the 2,45,71,427 shares on offer.
The retail and NII participation stood at 10.74x and 80.07x, respectively. The QIB category received a 141.27x subscription.
About Crizac Ltd
Crizac Ltd, a Kolkata-based B2B education platform founded in 2011, facilitates international student recruitment for global institutions across the UK, Canada, Ireland, Australia, and New Zealand through a network of over 7,900 agents in more than 75 countries via its proprietary tech platform.
Crizac IPO: More Info
The IPO is entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the Red Herring Prospectus.
The OFS consists of the sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO.
The company has collected Rs 258 crore from anchor investors ahead of the launch of its initial share sale for public subscription.
The company, which had proposed to raise Rs 1,000 crore in November last year, has trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in offer size.
Crizac initially filed its preliminary IPO papers with Sebi in March 2024. The regulator had returned the documents in July. Thereafter, the company refiled the papers in November, which were approved by the regulator in March this year.
The company reported a revenue from operations of Rs 849.49 crore and a profit after tax of Rs 152.93 crore in the full financial year 2025.
Equirus Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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