Crizac IPO: Price band set at ₹233–₹245 per share; here's what one lot will cost and key details to know

Crizac IPO: The initial public offering of Crizac Ltd has announced a price band of ₹233-₹245 per equity share. The ₹860-crore initial public offering (IPO) will be open from July 2 to July 4.

The bidding for anchor investors will occur on Tuesday, July 1.

The IPO only has an offer for sale (OFS) of 3.51 crore shares by the company's promoters, Pinky Agarwal and Manish Agarwal. There is no fresh issue component.

Crizac IPO lot size

Investors can apply for at least 61 shares and in multiples thereof. The minimum investment amount is ₹14,945 at the upper end of the price band.

Half of the net offer has been reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.

The firm had earlier proposed to raise ₹1,000 crore but later trimmed the issue size to ₹860 crore without providing any specific reason.

It had initially filed its DRHP with capital markets regulator SEBI in March 2024, which was returned by SEBI in July. Later, it refiled IPO papers in November, which received the regulator's nod in March this year.

The Kolkata-based firm is a business-to-business education platform for agents and global institutions, which offers international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New Zealand.

Over the last three years, Crizac facilitated enrolment applications from over 75 countries through its registered agents on its technology platform. It processed more than 7.11 lakh student applications and collaborated with over 173 global institutions of higher education.

The company reported a revenue from operations of ₹849.49 crore and a profit after tax (PAT) of ₹152.93 crore in the full financial year 2025.

Shares of Crizac will be listed on the BSE and NSE on July 9.

Anand Rathi Advisors and Equirus Capital are the book-running lead managers, while MUFG Intime India Pvt Ltd is the registrar for the IPO.