Crizac IPO opens for subscription: Check subscription status, price band, lot size, key dates, and more

Crizac IPO: The initial public offering of student recruitment solution provider Crizac Ltd opened for subscription on Wednesday, July 2.

The initial share sale only includes an offer for sale (OFS) component of ₹860 crore with no fresh issuance of shares.

Promoters Pinky Agarwal and Manish Agarwal are offloading shares valued at ₹723 crore and ₹137 crore, respectively, under the OFS.

Before the IPO, the company had mobilised ₹258 crore in the anchor round from investors including ICICI Mutual Fund (MF), Motilal Oswal MF, 360 ONE Asset, Bandhan MF, Axis Max Life Insurance, Societe Generale, Kotak Mahindra Life Insurance, Hong Kong-based PineBridge Investments, Allianz Global Investors, and Carnelian Capital, among others.

The company allotted over 1.05 crore shares to 19 entities at ₹245 per share, which is the upper end of the price band.

The issue, with a price band of ₹233 to ₹245 per share, will conclude on July 4. The application size consists of 61 shares.

Crizac IPO: Subscription details

As of 3:15 pm, the issue has been subscribed 34%, with bids for 86,79,629 shares compared to 2,58,36,909 shares on offer, according to the consolidated data on the NSE.

Crizac IPO key dates: Allotment and listing details

The allotment for the Crizac IPO is likely to be finalised on Monday, July 7, 2025. Refunds for non-allottees will be processed on July 8. Shares will be credited to the Demat account of successful investors on the same day.

The listing on the NSE and the BSE will occur on July 9.

The company was earlier looking to raise ₹1,000 crore but later trimmed its issue size to ₹860 crore without providing any specific reason.

The company had posted a revenue from operations of ₹849.49 crore and a net profit of ₹152.93 crore in the financial year 2024-25.

Anand Rathi Advisors and Equirus Capital are the IPO's book-running lead managers, while MUFG Intime is the registrar.