Crizac shares debut at nearly 15% premium over IPO price on NSE; here's how much investors made per lot

The stock listed at ₹281.05, a premium of 14.71% over the issue price of ₹245 apiece on the National Stock Exchange (NSE). At 11:05 am, it advanced 5.08% to ₹295.34 per unit.

On the BSE, it started trading at ₹280, up 14.29%.

Crizac share price: Here's how much investors made per lot

With a total subscription of 59.82 times, the initial share sale secured bids for 154,56,79,488 equity shares compared to 2,58,36,909 shares on offer, according to the NSE data.

The portion reserved for qualified institutional buyers (QIBs) fetched 134.35 times subscription, while the category for non-institutional investors, or NIIs, attracted 76.15 times subscription. Retail investors part attracted 10.24 times subscription.

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

The company had initially proposed to raise ₹1,000 crore but later cut the issue size to ₹860 crore.

Crizac, a Kolkata-based firm, is a B2B (business-to-business) education platform for agents as well as global institutions, providing international student recruitment solutions to foreign institutions of higher education in the United Kingdom, Republic of Ireland, Australia, Canada and New Zealand.

Equirus Capital and Anand Rathi Advisors were the book-running lead managers for the issue, while MUFG Intime India was the registrar.

Crizac IPO GMP

The listing is 2.23% lower than the Crizac IPO GMP, which had suggested a debut at a 16.94% premium.