Crizac IPO Lists At Nearly 15% Premium: Should You Buy, Hold Or Sell? | Ipo News

Last Updated:July 09, 2025, 11:14 IST

On the BSE, the stock listed at Rs 280, which is a jump of 14.28 per cent from the issue price.

Crizac Ltd, a B2B education platform founded in 2011, facilitates international student recruitment for global institutions.

Crizac IPO: Student recruitment solutions provider Crizac Ltd on Wednesday made a strong market debut with its shares listing at a premium of nearly 15 per cent against the issue price of Rs 245. The listing is in line with the 17% GMP recorded before the IPO listing.

On the BSE, the stock listed at Rs 280, which is a jump of 14.28 per cent from the issue price. Later, it surged 20 per cent to Rs 294.

On the National Stock Exchange (NSE), Crizac’s shares started trading at Rs 281.05, a premium of 14.71 per cent.

The company’s market valuation stood at Rs 5,144.49 crore during the morning trade.

Crizac Share Price: Should You Buy, Sell Or Hold?

Crizac Limited, a B2B international education platform, received largely positive reviews from brokerages for its initial public offering (IPO), with most recommending investors to subscribe to the issue. The company’s strong financials, tech-driven platform, and global presence have contributed to optimism, though a few concerns remain around regulatory risks and concentration of revenue from top institutions.

SBI Securities sees diversification into new geographies and B2C services as key levers for future growth. “Crizac has registered a CAGR of 76% in revenue, 43% in EBITDA, and 18% in PAT over the last two years, reaching Rs 849 crore, Rs 213 crore, and Rs 153 crore, respectively,” it said.

The brokerage noted the IPO is valued at a P/E of 28 times FY25 earnings, and compared to peers, is “fairly priced”. With upcoming expansion into the US market and a push towards ancillary services, the firm recommended investors to subscribe.

Ventura Securities believes Crizac is well-positioned to benefit from rising global demand for education abroad. “Its strategy includes expanding its agent network, strengthening its tech platform, and deepening relationships with institutions and agents,” the brokerage said.

It highlighted Crizac’s emphasis on long-term institutional and agent ties, and issued a ‘subscribe for long-term’ call, especially considering its broad international presence.

Crizac IPO: More Info

The Crizac IPO was open for public subscription between July 2 and July 4. It received an overall subscription of 59.82 times on the closing day of bidding on Friday last week.

The Rs 860-crore initial share sale had a price band of Rs 233-245 per share.

The IPO was entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the red herring prospectus.

The Kolkata-based firm is a B2B education platform for agents and global institutions, offering international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia, and New Zealand.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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