Crizac Limited IPO: 10 Key Things to Know Before Investing

Crizac Limited is a trusted B2B platform that connects students with international institutions across the UK, Canada, Australia, Ireland, and New Zealand. With over 7,900 registered agents and 135+ institutional partners, the company has processed nearly 6 lakh student applications.

Its proprietary tech platform and robust global presence give it a competitive edge. The company’s impressive revenue growth-from ₹517.85 Cr in FY23 to ₹884.78 Cr in FY25-indicates solid market traction and scalability in international education services. 

Here are the key details of the IPO:

• IPO dates: July 2nd - 4th, 2025

   

• Listing date: July 9th, 2025

• Price band: ₹233 - ₹245 per share

• Total issue size: ₹860 Cr

• Face value: ₹2 per share

• Listing Exchange: BSE, NSE

• Lot Size: 61 Shares

• Promoters: Dr. Vikash Agarwal, Pinky Agarwal, and Manish Agarwal 

The minimum investment required to apply for the Crizac Limited IPO is ₹14,213, based on the lot size of 61 shares at the lower price band of ₹233 per share. For higher allotment chances, it’s advisable to apply at the upper price band of ₹245 per share, which would amount to ₹14,945 for 61 shares.

Incorporated in 2011, Crizac Limited specializes in international student recruitment and application management.

• Services: Recruitment solutions for educational institutions worldwide
• Presence: Operations in over 75 countries, including UK, Ghana, China, and Kenya
• Clients: Over 135 global institutions, including top universities in the UK and Canada

Crizac plays a key role in simplifying international admissions for students and institutions using its large agent network and proprietary tech platform. 

The main objectives of the Crizac Limited IPO are:

• To carry out the Offer for Sale (OFS) aggregating to ₹860 Cr by the selling shareholders.
• To achieve the benefits of listing the equity shares on Indian stock exchanges.
• To enhance brand visibility, improve liquidity for shareholders, and provide a public market for equity shares. 

The IPO allocation is typically structured as follows (exact split may vary):

• QIB Shares Offered: Not less than 50% of the Issue
• Retail Shares Offered: Not more than 35% of the Issue
• NII (HNI) Shares Offered: Not more than 15% of the Issue 

Strengths:

• Deep institutional relationships with global universities
• Extensive and active agent network across 39+ countries
• Focus on expansion in regions like Ireland, ANZ, and the USA
• Robust proprietary platform supporting high application volume

Risks:

• High revenue dependency on a few global institutions
• Over 95% revenue concentration in the UK
• Loss of key agents could impact operations
• Business success hinges on sustained institutional partnerships 

Crizac Limited has posted strong financials over the years (INR Cr):

• Basis of allotment: July 7, 2025

• Refund initiation: July 8, 2025

• Shares credited to demat accounts: July 8, 2025

• Listing date: July 9, 2025 

Crizac Limited has positioned itself well in the global education sector with a strong agent base, growing revenue, and partnerships with reputed institutions. However, investors should weigh the concentration risks and dependency on the UK education market before investing.

Consider your investment goals and risk profile carefully before applying.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before investing.