Crizac Limited IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for Crizac Limited IPO closes today, on July 4, 2025, for subscription. The allotment process is expected to be finalised on July 7, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Wednesday, July 9, 2025.
Crizac Limited IPO Details
Crizac IPO is a bookbuilding of ₹860 crores. The issue is entirely an offer for sale of 3.51 crore shares. The IPO price band is set at ₹233 to ₹245 per share. The minimum lot size for an application is 61, and the minimum amount of investment required is ₹14,213.
Equirus Capital Private Limited and Anand Rathi Advisors Limited will be the book-running lead managers for the Crizac Limited IPO. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will be the registrar for the issue.
Crizac Limited IPO Day 3 Subscription Status
(July 4, 2025, 10:04 AM)
On Day 3, the Crizac Limited IPO saw a subscription rate of 3.40 times. The public issue was subscribed 3.07 times in the retail category, 0.16 times in the QIB category, and 8.51 times in the NII category.
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IPO Day (EOD) |
Subscription Status |
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|
QIB |
NII |
Retail |
Total |
|
|
Day 1 |
0.09 |
0.65 |
0.64 |
0.48 |
|
Day 2 |
0.16 |
6.61 |
2.86 |
2.89 |
Utilisation of IPO Proceeds
The company will not receive any proceeds of the offer for sale by the selling shareholders. The entire proceeds from the public offer will be received by the promoters who are offloading their stake.
Crizac Limited GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Crizac Limited was ₹22 as of July 4, 2025, at 09:14 a.m. This indicates that the company's shares are likely to be listed at ₹267, with a premium of 8.98% over the upper end of the price band.
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Source: Business Standard Media Report dated July 4, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Crizac Limited Business Overview
Founded in 2011, Crizac Limited is a B2B education platform agents and global institutions. It provides recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ).
As of September 2024, the company have around 7,900 agents globally and has also processed over 5.95 lakh student applications.
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Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. To read the RA disclaimer, please click here |