Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Crizac IPO
Price Band
₹233.0–245.0
Issue Size
₹860.0 Cr
Lot Size
61 shares
Min Investment
₹14,945
GMP
+₹41.5 (16.94%)
Issue Price
₹245.0
Subject to Sauda
₹1900
Paid only if allotted
Crizac IPO AI Summary
- Crizac IPO is listed on BSE, NSE in the Internet & Catalogue Retail sector.
- Price band: ₹233.0–₹245.0 per share, lot size 61 shares (min. investment ₹14,945).
- Subscription window: 02 Jul–04 Jul 2025, listing on 09 Jul 2025.
- Current GMP is +₹41.5 (16.94%), an estimated listing price of ₹287 — unofficial and can change daily.
Crizac Limited is set to offer its shares through an IPO priced between ₹233.0 and ₹245.0. The company has shown significant growth in revenue and profit over the past few years, and it operates a large network of agents and institutions in the education sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Crizac IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Jul 2025 — not a current signal.
8 of 10 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Crizac IPO Grey Market Premium (GMP) Today
GMP
+₹41.5
GMP %
+16.94%
Est. Listing
₹286.5
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 2011, Crizac Limited 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). For the 6 months ended September 30, 2024 and Fiscals March 31, 2024, March 31, 2023 and March 31, 2022, the company sourced applications for enrollment into global institutions of higher education from over 75 countries through our agents globally who are registered on our proprietary technology platform. The company processed over 5.95 lakh student applications while working with over 135 global institutions of higher education. As of September, 2024, the company have around 7,900 agents globally who are registered on the proprietary technology platform and during Fiscal 2024, we had 2,532 active agents (i.e., agents from whom the Company has received applications during Fiscal 2024) (Active Agents) comprising 1,524 Active Agents in India and around 40% Active Agents i.e., 1,008 Active Agents in over 25 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada and Egypt. The company has consultants in multiple countries, including Cameroon, China, Ghana, and Kenya. As of September 30, 2024, the company had a team of 329 employees and 10 consultants with extensive experience in the international educational landscape.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 879.62 | 592.91 | 304.99 |
| Total Income | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.90 | 112.14 |
| EBITDA | 212.82 | 72.64 | 107.29 |
| NET Worth | 505.71 | 341.81 | 221.37 |
| Total Borrowing | 0.08 | 0.08 | 0.08 |
Key Ratios
EPS
₹8.74
NAV
₹28.90
ROE
30.24%
ROCE
40.03%
RoNW
30.24%
P/B Value
8.48
P/E Ratio
28.03
Market Cap
₹4287.07 Cr
PAT Margin
17.28%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| IEL Education Ltd (AUD) | 1.88 | 25.51% | 7.86 | 0.48 | 0.48 |
| Indiamart Intermesh Ltd | 363.43 | 25.2% | 27.18 | 91.84 | 91.59 |
| Crizac Limited This IPO | 28.76 | 30.38% | — | 8.74 | 8.74 |
Promoters
Vikash Agarwal, Pinky Agarwal and Manish Agarwal
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹517.85 Cr in the year ending 31 Mar 2023, increasing to ₹763.44 Cr by 31 Mar 2024, and further rising to ₹884.78 Cr by 31 Mar 2025.
Profit Trend
Profit After Tax was ₹112.14 Cr for the year ending 31 Mar 2023, which increased to ₹118.90 Cr by 31 Mar 2024, and further rose to ₹152.93 Cr by 31 Mar 2025.
Valuation
At the issue price of ₹245.0, Crizac Limited has an implied P/E of approximately 28.03 based on its EPS of ₹8.74. In comparison, peers are trading at P/E ratios ranging from 7.86 to 27.18.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies with a proven track record may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO timeline includes the opening date for subscriptions on July 2, 2025, and closing on July 4, 2025. Allotment of shares will be done on July 7, 2025, followed by the listing of shares on July 9, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may experience a surge in price on listing day, others may not perform as expected.
This evaluation is generated from Crizac's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Crizac IPO GMP today?
Crizac IPO GMP today is +₹41.5 (16.94%), indicating an estimated listing price of ₹287. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Crizac IPO?
The price band of Crizac IPO is ₹233.0–₹245.0 per share.
When does Crizac IPO open and close?
Crizac IPO opens on 02 July 2025 and closes on 04 July 2025.
When does Crizac IPO list on the stock exchange?
Crizac IPO listed on 09 July 2025 at ₹286.5.
What is the lot size for Crizac IPO?
The lot size for Crizac IPO is 61 shares, requiring a minimum investment of ₹14,945.
What is the price band for the Crizac IPO?
The price band for the Crizac IPO is ₹233.0 to ₹245.0.
What is the minimum investment required?
The minimum investment required is ₹14,945.0.
What is the lot size for the Crizac IPO?
The lot size for the Crizac IPO is 61 shares.
When will the shares be listed?
The shares are expected to be listed on July 9, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Jul 2025
Close
04 Jul 2025
Allotment
07 Jul 2025
Listing
09 Jul 2025
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Crizac?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.