About Crizac:
The company operates as a B2B education platform, offering international student recruitment solutions to global institutions of higher education across the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand (ANZ). Its core strength lies in facilitating student recruitment from India to the United Kingdom, supported by strong, long-standing relationships with institutions in the region. Close collaboration with these institutions has enabled the company to build deep expertise in understanding recruitment preferences and to develop tailored strategies aligned with each institution’s unique goals and positioning.
About the Industry in which Crizac operates:
The global demand for international education has surged due to increasing globalization and the growing emphasis on quality education and global exposure. Students and parents now place higher value on gaining a global perspective, accessing top-tier educational institutions, and experiencing cultural diversity. The global education market, estimated at approximately USD 6 trillion in 2024, is projected to grow to USD 7.4 trillion by 2030. The number of Indian students pursuing higher education abroad was estimated at 1.48 million in 2023 and is expected to rise to 2.5 million by 2030, reflecting a CAGR of 7.8% between 2023 and 2030.
| Important Information and Timelines of the IPO of Crizac: | |
|---|---|
| Open Date | 2 July 2025 |
| Close Date | 4 July 2025 |
| Total Issue Size – Number of Shares | 35102040 |
| Minimum Bid Price | 233 |
| Maximum Bid Price | 245 |
| Lot Size | 61 |
| Basis of Allotment | 7 July 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 8 July 2025 |
| Listing Date | 9 July 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Crizac:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 61 | 14945 |
| Retail – Maximum | 13 | 793 | 194285 |
| sHNI – Minimum | 14 | 854 | 209230 |
| sHNI – Maximum | 66 | 4026 | 986370 |
| bHNI – Minimum | 67 | 4087 | 1001315 |
Objective of the IPO of Crizac:
The company intends to utilize the proceeds for the following purposes:
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To fund its working capital requirements
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To repay or prepay, either fully or partially, certain outstanding borrowings
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To incur capital expenditure for establishing an in-house Dry Flowable (DF) plant at Barwasni, District Sonipat, Haryana
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To meet general corporate purposes
Financials of Crizac:
| Particulars | Fiscal 2025 (Consolidated) | Fiscal 2024 (Consolidated) | Fiscal 2023 (Standalone) |
|---|---|---|---|
| Equity Share Capital | 349.97 | 349.97 | 99.99 |
| Net Worth | 5,033.31 | 3,394.37 | 2,199.70 |
| Revenue from Operations | 8,494.91 | 5,300.52 | 2,740.98 |
| EBITDA | 2,128.22 | 716.59 | 1,047.80 |
| EBITDA Margin (%) | 25.05% | 13.52% | 38.23% |
| Profit / (Loss) for the Year | 1,529.33 | 1,179.21 | 1,101.09 |
| PAT Margin (%) | 17.28% | 17.90% | 34.52% |
| Earnings per Equity Share - Basic | 8.74 | 6.74 | 6.29 |
| Earnings per Equity Share - Diluted | 8.74 | 6.74 | 6.29 |
| Net Asset Value per Equity Share | 28.76 | 19.40 | 12.57 |
| Total Borrowings | 0.83 | 0.83 | 0.83 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Crizac. You will receive a UPI mandate after 10:00 AM on 2 July 2025.
###1. How to apply for the IPO of Crizac on Dhan?
You can apply for the IPO of Crizac from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Crizac be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 8 July 2025. However, you will be able to see the shares of Crizac on Dhan before the market starts on the listing date which is 9 July 2025.