Crizac Limited is a Kolkata-based B2B international education solutions provider, enabling student mobility across borders. Founded in 2011 and rebranded in 2024, Crizac connects education agents with universities worldwide through its proprietary tech platform, acting as a digital bridge for global student recruitment.
🌐 Core Business Verticals:
📌 Global Student Recruitment: Partnering with agents to process student applications for universities in the UK, Canada, Ireland, Australia, and New Zealand.
📌 Tech-Driven Application Platform: A seamless digital interface enabling agents to submit, track, and manage applications from over 75 countries.
📌 Consulting Services: Visa, accommodation, and education counseling through a network of consultants and global offices.
🧠 Scale & Operations:
Crizac’s impact by the numbers:
✔️ 5.95+ lakh student applications processed (as of Sept 2024)
✔️ 135+ global higher education partners onboarded
✔️ 7,900 registered agents, with 2,532 active in FY24
✔️ 40% active agents located outside India across 25+ countries including the UK, Nigeria, Bangladesh, and Vietnam
🌍 Global Presence:
With a physical and digital footprint across continents, Crizac operates with consultants in countries like Cameroon, Ghana, Kenya, and China. It also manages overseas operations via its UK subsidiary (Crizac Ltd) and UAE entity (UCOL FZE).
💻 Technology & Innovation:
Crizac’s in-house platform automates the entire student journey — from application to enrollment — making the process smarter and faster for agents and institutions alike.
👨💼 Team Strength:
As of September 30, 2024:
- 329 full-time employees
- 10 international consultants
Each bringing deep domain knowledge in education, compliance, and global student mobility.
🏅 Recognitions & Partnerships:
Crizac is recognized by many leading international universities and works with prestigious institutions such as the University of East London, London Metropolitan University, and Nottingham Trent University.
With its tech-led model, global reach, and scalable agent ecosystem, Crizac Limited is transforming how students across the globe access higher education opportunities.
Crizac IPO – Details
| IPO Opening Date | 02 July 2025 |
| IPO Closing Date | 04 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 3,51,02,040 Shares Worth ₹860.00 Crore Offer For Sale: 3,51,02,040 Shares Worth ₹860.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹233 – ₹245 per share |
| Market Lot | 61 Shares |
| Min Order | 61 Shares [ 1 LOT ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Crizac IPO – Date Schedule
| IPO Open Date | 02 July 2025 |
| IPO Close Date | 04 July 2025 |
| Basis of Allotment | 07 July 2025 |
| Initiation of Refund | 08 July 2025 |
| Credit of Shares to Demat Account | 08 July 2025 |
| IPO Listing Date | 09 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 04, 2025 |
Crizac IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹1,94,285 |
| S-HNI (Min) | 14 | 854 | ₹2,09,230 |
| S-HNI (Max) | 66 | 4,026 | ₹9,86,370 |
| B-HNI (Min) | 67 | 4,087 | ₹10,01,315 |
Competitive Strength
- Strong global presence in student recruitment across 5 major study destinations.
- Trusted by 173+ top international universities.
- 10,000+ agents in 39+ countries ensuring wide student reach.
- Proprietary tech platform streamlining end-to-end applications.
- Value-added services like marketing, branding & admission support.
Company Promoters
- Dr. Vikash Agarwal
- Pinky Agarwal
- Manish Agarwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹517.85 Cr | ₹367.96 Cr | ₹112.14 Cr | ₹0.08 Cr |
| 31 March 2024 | ₹763.44 Cr | ₹501.74 Cr | ₹118.90 Cr | ₹0.08 Cr |
| 31 March 2025 | ₹884.78 Cr | ₹682.34 Cr | ₹152.93 Cr | ₹0.08Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.24% |
| ROCE | 40.03% |
| RoNW | 30.24% |
| PAT Margin | 17.28% |
| EBITDA Margin | 25.05% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Crizac IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 2 | Indiamart Intermesh Ltd | 25.51 |
| 2 | 2 | IDP Education Ltd | 7.86 |
✅Strengths
- Global reach with 10,000+ agents in 39+ countries.
- Trusted by 173+ international universities.
- Scalable tech-driven platform.
- Fast-growing revenues and profits.
- Experienced leadership team.
- Offers end-to-end admission support.
⚠️Risks
- High revenue dependence on few institutions.
- Forex fluctuation exposure.
- Tech platform dependency.
- Reputation tied to partner institutions.
- Risk of universities going direct.
- Limited insurance coverage.
Crizac IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 79.94% |
Crizac IPO Prospectus
Company Contact Information
| Crizac Limited Wing A, 3 rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, 700017 Phone: +91 33 3544 1515 Email: compliance@crizac.com Website: http://www.crizac.com/ |
Crizac IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: crizac.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Crizac IPO Lead Manager(s)
| 1. Anand Rathi Advisors Limited 2. Equirus Capital Private Limited |
Crizac IPO FAQs
| What is Crizac IPO? Crizac IPO is a main-board IPO. The issue is priced at ₹233 to ₹245 per equity share. The IPO is to be listed on BSE & NSE. |
| When Crizac IPO will open? The IPO is to open on 02 July 2025 for QIB, NII, and Retail Investors. |
| What is Crizac IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Crizac IPO? You can apply Crizac IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Crizac IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Crizac IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Crizac IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Crizac IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Crizac IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Crizac IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Crizac IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Crizac IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Crizac IPO Size? Crizac IPO size is ₹860.00 Crore. |
| What is the Crizac IPO Price Band? Crizac IPO Price Band is ₹233 to ₹245. |
| What is Crizac IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 61 Shares with ₹14,945 while the maximum bid is 793 Shares with ₹1,94,285. |
| What is the Crizac IPO Allotment Date? Crizac IPO allotment date is 07 July 2025. |
| What is the Crizac IPO Listing Date? Crizac IPO listing date is 09 July 2025. The IPO is to be listed on BSE and NSE. |
