Crizac IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 20, 2024Let’s have a detailed review of the company and analytics of the Crizac IPO release date, IPO offer price, subscription, Crizac Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 10,000.00 Million |
| Tick Size | 1 |
Crizac IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Crizac Share Price |
Crizac IPO – Summary
They are one of the leading education platforms 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).
Their Company has over time built strong relationships with global institutions of higher education in the United Kingdom, and they are one of the largest student recruitment solutions providers from India into the United Kingdom with a market share of close to 13.0% in terms of number of students going from India to the UK to pursue higher education in the year 2023.
The Promoter of this company is DR. VIKASH AGARWAL, PINKY AGARWAL AND MANISH AGARWAL. The lead managers of the issue are Equirus Capital Private Limited and Anand Rathi Advisors Limited, and the Registrar of this issue is Link Intime India Private Limited.
Crizac IPO Date
The opening and closing dates of the Crizac IPO are not available yet.
Crizac IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Crizac IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Crizac Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Crizac IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
Crizac IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.10,000.00 Million.
Crizac IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.10,000.00 Million
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Crizac IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Crizac Share Price |
Crizac IPO Grey Market Premium
The Crizac Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Crizac IPO – Company Overview
For the 6 month period that ended September 30, 2023, and Fiscals March 31, 2023, March 31, 2022, and March 31, 2021, they sourced applications for enrolment into global institutions of higher education from over 72 countries through their agents globally who are registered on their proprietary technology platform.
During the 6 month period ended September 30, 2023, and Fiscals 2021, 2022 and 2023, they processed over 3.82 lakh student applications while working with over 140 global institutions of higher education.
As of December 31, 2023, they haveover5,300agents globally who are registered on their proprietary technology platform and during Fiscal 2023, they had 1,819active agents (i.e., agents to whom their Company has made payments during Fiscal 2023) (Active Agents) comprising 1,239Active Agents in India and around 32% Active Agents i.e., 580 Active Agents in over 20 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Kenya, Vietnam, Canada and Egypt.
Crizac IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets |
3,610.43
|
2,320.63
|
1,119.33
|
405.04
|
| *Total Revenue |
2,250.68
|
3,189.70
|
1,232.99
|
298.30
|
| Total Expense |
1,062.34
|
1,715.86
|
345.68
|
28.16
|
| Profit After Tax |
885.86
|
1,101.09
|
661.57
|
200.44
|
Earnings per Equity Share (in Million)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted |
5.06
|
6.29
|
3.78
|
1.15
|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,101.09 Million, Rs. 661.57 Million and Rs. 200.44 Million respectively.
Crizac IPO – Promoters
The Promoter of this company is:
- DR. VIKASH AGARWAL,
- PINKY AGARWAL
- MANISH AGARWAL
List of Related Parties (Key Managerial Personnel)
- Dr. Vikash Agarwal, Chairman and Managing Director
- Manish Agarwal, Whole TimeDirectorandChief Financial Officer
- Pinky Agarwal, Non-Executive Director
- Rakesh Kumar Agrawal, Independent Director
Crizac IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Crizac IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.10,000.00 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 174,982,500 Equity Shares |
| Equity Shares outstanding after the Issue | 174,982,500 Equity Shares |
Crizac IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To achieve the benefits of listing Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to [●] Equity Shares by the Selling Shareholdersaggregating to ₹ 10,000.00 million.
Crizac IPO – Business Strategy
-
Deepening and augmenting their agent network in India and globally
-
Diversify their service offerings
-
Enhance their brand profile including their online presence and implement more efficient marketing strategies
-
Enhancing their proprietary technology platform
Crizac IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the leading providers international recruitment solutions with significant experience in catering to global institutions of higher education
- Well-entrenched relationship with a global network of institutions of higher education across diverse disciplines;
- Wide-ranging network of educational agents for sourcing students for recruitment;
- Scalable proprietary technology platform;
- Experienced Promoters supported by able professionals with strong domain expertise; and
- Track record of financial performance and consistent growth.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
6.29
|
50.06% | 50.21 |
| 31-Mar-22 |
3.78
|
62.49% | 62.97 |
| Mar-21 |
1.15
|
55.58% | 57.04 |
Crizac IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Millions) | |
| Crizac Limited | 2 | [●] |
6.29
|
50.06%
|
2,740.98
|
| Listed Peers | |||||
| Indiamart Intermesh Ltd | 10 |
28.12
|
92.96
|
13.79%
|
9,853.99
|
| IDP Education Ltd | 1 |
35.77
|
0.53
|
28.81%
|
981.92
|
Crizac IPO Lead Managers
| Lead Managers |
|
Equirus Capital Private Limited Anand Rathi Advisors Limited |
Crizac IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai 400 083 Tel: +91 810811 4949 E-mail: crizac.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: crizac.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Crizac IPO – Other Details
- Statutory Auditor – Singhi & Co.
- Legal Counsel to the Company – Bharucha & Partners
- Bankers to the Company –RBL Bank, HDFC Bank Limited, ICICI Bank Limited and HSBC Bank
Crizac IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Crizac Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Crizac IPO Review FAQs
Check out various FAQs related to Crizac IPO:
What is the Issue Size of Crizac IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Crizac IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 2 per share.
What is the Crizac IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Crizac IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Crizac IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Crizac IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Crizac IPO?
Here are the promoters of this IPO – DR. VIKASH AGARWAL, PINKY AGARWAL AND MANISH AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Crizac IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Crizac IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Crizac Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 1,101.09, 2022 is 661.57, and 2021 is 200.44. PAT from Sep 2023 is 885.86.
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