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
- NA
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Private Limited
- Anand Rathi Advisors Limited
