The Crizac IPO continues to attract strong investor interest, with the issue subscribed 1.42 times in the retail category as of Day 2. Overall, the IPO has received an enthusiastic response, with the non-institutional investor (NII) segment nearing 2x subscription. However, qualified institutional buyers (QIBs) have shown relatively lower participation so far.
💰 Crizac IPO Price Band and Details
Price Band: ₹233 – ₹245 per share
IPO Type: 100% Offer for Sale (OFS)
Issue Size: Approx. ₹860 crore
Lot Size: 60 shares
Listing Exchanges: BSE and NSE
IPO Open Dates: July 2 to July 4, 2025
📊 Grey Market Premium (GMP) Today
The Crizac IPO is commanding a Grey Market Premium (GMP) between ₹39 to ₹41 as of July 3. This indicates a potential listing price of around ₹284–₹286, suggesting positive sentiment in the unofficial trading circles.
📅 Important Dates to Watch
IPO Close Date: July 4, 2025
Allotment Date: Expected on July 7, 2025
Listing Date: Likely on July 9, 2025
📈 Company Overview
Crizac is a leading player in global education services, operating primarily in international student recruitment and higher education consulting. The company boasts a strong presence in the UK, Canada, and Australia, and has shown consistent revenue growth over the past three financial years. Its robust margins, diversified business model, and global footprint have attracted investor attention.
📉 Financial Snapshot
Revenue FY23: ₹274 crore
Revenue FY25 (Estimated): ₹849 crore
Net Profit FY25: ₹153 crore
Return on Equity (ROE): ~30%
EBITDA Margins: Over 25%
⚠️ Risks to Consider
While the IPO is attracting retail buzz, investors should note:
It is a pure OFS—no fresh capital will go to the company.
Valuations appear slightly premium at ~28x FY25 EPS.
Regulatory risks tied to overseas education markets may impact growth.
✅ Should You Subscribe?
Given the strong GMP, solid financials, and global growth potential, the Crizac IPO looks attractive for long-term investors. However, cautious investors may consider waiting for the listing before entering, especially if institutional demand remains low.
Published on 3rd july
Publisher : SMITA
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