Crizac got approval from SEBI for an IPO valued at Rs 1000 Cr

By Jagat Joshi
March 13, 2025
1:16 pm
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By Jagat Joshi
March 13, 2025

Crizac IPO date is not announced yet. Crizac is a book built issue and have plan to raise around ₹1000 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale of ₹1000 crores, up to [.] Equity Shares with face value of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

Crizac Limited IPO Details

Crizac, a limited known one of the leading platforms for education recruitment, is ready to launch and IPO ₹1,000 Cr, as it is approved by SEBI( Securities and Exchange Board of India). This IPO is totally OFS processes, wherein the promoters are going to offload their position.

Moreover, IPO valued at ₹1,000 Cr along with a face value of ₹2 each equity share.

On November 18, 2024, the company had resubmitted its IPO documents to SEBI.

Crizac Limited IPO (Promoters Details)

From IPO money, Pinky Agarwal is selling equity shares worth up to ₹841 crore, and ₹159 crore shares will be sold by Manish Agarwal. Additionally, part of the offer is reserved for eligible employee subscriptions.

QIB(qualified institutional buyers) has up to 50%, at least 15% allocated for NII (Non-Institutional Investor) and a minimum of 35% for RII.

About Crizac Limited

Crizac Limited is one of the leading education platforms that provides international student recruitment services for top higher education institutions in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ).

It is known for its strong connections with UK universities, Crizac commands a significant portion of the market, helping around 13.0% of Indian students enroll in UK institutions in 2023.

Further, with a global presence, the company operates through its proprietary technology platform, which includes more than 5,300 registered agents across 72 countries, assisting students with their applications.

Crizac’s partnership with global institutions has helped create personalized recruitment strategies, leading to strong growth. This is shown by an 81.02% annual revenue growth rate from 2014 to 2023.

Crizac IPO Prospectus:

DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	To be Updated Soon

Crizac Company Financial Report

Amount ₹ in Crores

Period Ended	Revenue	Expense	Profit After Tax
2024	₹658.62	₹399.71	₹115.86
September 2024	₹314.19	₹231.06	₹61.76

Crizac IPO Valuation – FY2024

Crizac IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹6.68 (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	34.36%
Net Asset Value (NAV):	₹19.43

Peer Group Comparison

Company	EPS	PE Ratio	RoNW %	NAV	Income
Indiamart Intermesh Ltd	55.18	44.17	19.24	286.14	1,196.78 Cr.
IDP Education Ltd (AUD)	0.48	29.51	25.51	1.88	103.73 Cr.

Objects of the Issue

IPO Lead Managers aka Merchant Bankers

Equirus Capital Private Limited
Anand Rathi Advisors Limited

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.