return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Crizac IPO fully subscribed on day 2; check price band, lot size and all you need to know

Market News

Crizac IPO fully subscribed on day 2; check price band, lot size and all you need to know

Upstox
By Upstox News Desk

3 min read | Updated on July 03, 2025, 19:20 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Crizac IPO: The initial share sale received bids for 7,09,51,174 shares against 2,58,36,909 equity shares on offer, according to the NSE data until 5 PM.

Crizac on Tuesday had mobilised ₹258 crore from anchor investors. | Image: Pixabay

Crizac on Tuesday had mobilised ₹258 crore from anchor investors. | Image: Pixabay

Crizac IPO: Student recruitment solutions provider Crizac's initial public offer was fully subscribed on Thursday, July 3, the second day of bidding. The offer was booked 2.76 times at the end of the day.

The initial share sale received bids for 7,09,51,174 shares against 2,58,36,909 equity shares on offer, according to the NSE data until 5 PM.

The quota for non-institutional investors (NIIs) attracted 6.28 times subscription, while the category for retail individual investors, or RIIs, got subscribed 2.71 times. The qualified institutional buyers (QIBs) part received 0.15 times of subscription.

Crizac on Tuesday fetched ₹258 crore from anchor investors, including ICICI Mutual Fund (MF), Bandhan MF, Motilal Oswal MF, 360 ONE Asset, Societe Generale, Kotak Mahindra Life Insurance, Allianz Global Investors, Axis Max Life Insurance, Hong Kong-based PineBridge Investments, and Carnelian Capital, among others.

The initial share sale is exclusively an offer for sale (OFS) worth ₹860 crore by promoters Pinky Agarwal and Manish Agarwal. There is no fresh issue component, as per the red herring prospectus.

Buzzing | Quadrant Future Tek to Scoda Tubes: Here's how IPOs listed in H1 2025 are faring

Pinky Agarwal is selling shares worth ₹723 crore under the OFS, while Manish Agarwal is offloading a stake valued at ₹137 crore.

Crizac IPO price band and lot size

The price band of the IPO, which will conclude on July 4, has been set at ₹233-₹245 per share. An application consists of 61 shares, requiring a ₹14,945 investment at the cut-off price.

Crizac IPO allotment and listing date

The Crizac IPO allotment status is likely to be finalised on July 7, while the listing on the NSE and the BSE would occur on July 9.

Crizac is a B2B global student recruitment platform for agents and global institutions offering international student recruitments to institutions in the UK, Ireland, Australia, Canada and New Zealand.

Crizac IPO GMP

According to Mint, the unlisted shares of Crizac Ltd are trading at ₹884 apiece, with a grey market premium (GMP) of 15.91% or ₹39 over the upper price band of ₹845.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
Upstox

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.