Crizac IPO Subscription Status: 45% Booked on Day 1 — Apply or Avoid?

Crizac IPO Subscription Status

Crizac IPO — The ₹860-crore initial public offering (IPO) of student recruitment solution provider Crizac Limited opened for subscription on Wednesday, July 2, 2025. The IPO comprises a pure offer for sale (OFS) worth ₹860 crore, with no fresh issue of shares.

On Day 1, Crizac’s IPO was subscribed 45%, receiving bids for 1,16,26,609 shares against the total 2,58,36,909 shares on offer (as per NSE data at market close). This shows moderate investor interest so far, with the IPO set to close on July 4, 2025.

Before this, the company had raised ₹258 crore from anchor investors such as ICICI MF, Motilal Oswal MF, 360 ONE Asset, Axis Max Life Insurance, Societe Generale, Kotak Mahindra Life Insurance, PineBridge Investments, and Allianz Global Investors.

The IPO price band is fixed at ₹233–₹245 per share, and the minimum application lot is 61 shares.

Crizac IPO GMP Today

The Crizac IPO Grey Market Premium (GMP) is gaining traction. On July 3, the GMP climbed to a high of ₹41 per share compared to ₹0 on the opening day (July 2). Investors and analysts watch the GMP as an early indicator of listing gains, though actual listing price may vary.

About Crizac Limited

Introduction

Crizac Limited, a fast-growing global B2B education services provider, is launching its initial public offering (IPO) worth ₹860 crore through an entirely Offer For Sale route. With growing international student mobility and Crizac’s tech-driven platform for overseas student recruitment, the IPO has caught the attention of retail and HNI investors alike.

In this blog, Ultra brings you a clear, updated guide on Crizac Limited IPO share price, GMP today, subscription status, company review, and a step-by-step guide on how to buy Crizac Limited IPO shares online.

Incorporated in 2011, Crizac Limited is a B2B education solutions company that connects global education institutions with recruitment agents worldwide. The company provides international student recruitment services for institutions in the UK, Canada, Ireland, Australia, and New Zealand, among other popular study destinations.

Crizac has built a proprietary technology platform through which over 7,900 agents are registered globally. These agents source applications from over 75 countries, helping students apply to more than 135 global institutions.

Key Highlights:

• Processed 5.95 lakh+ applications for global higher education institutions.

• Strong agent network: 2,532 active agents in FY24, of which ~40% are international.

• Consultants and local support in Cameroon, China, Ghana, Kenya, and other countries.

• Team of 329 employees and 10 consultants with significant experience in international education.

This combination of technology, reach, and local presence positions Crizac strongly to benefit from rising outbound student numbers, especially from India and South Asia.

FAQs on Crizac Limited IPO

Q1. What is Crizac Limited IPO share price band?

The Crizac IPO share price band is ₹233 – ₹245 per share.

Q2. What is the Crizac Limited IPO GMP today?

As per market sources, the GMP is around ₹28 – ₹35 per share, but this can change daily.

Q3. What is Crizac Limited IPO lot size?

The minimum lot size is 61 shares; retail investors can bid for up to 13 lots.

Q4. When will Crizac Limited IPO be listed?

Tentative listing date is July 9, 2025, on BSE and NSE.

Q5. How to buy Crizac Limited IPO shares?

Apply via your broker’s IPO section using your Demat account and UPI for payment.