IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to [●] Equity Shares aggregating up to ₹10,000.00 million

Investor category and sub category

RIIs  |   NIIs  |   QIBs  |   Eligible employees  |  

About Crizac Limited

Crizac Limited is a prominent education platform specializing in international student recruitment solutions for leading institutions of higher education in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ).

Renowned for its strong ties with UK institutions, Crizac holds a substantial market share, facilitating approximately 13.0% of Indian students' transition to UK universities in 2023. With a global reach, they operate via a proprietary technology platform, boasting over 5,300 registered agents worldwide, facilitating student applications from 72 countries.

Their collaborative approach with global institutions has enabled tailored recruitment strategies, contributing to robust growth, evidenced by an 81.02% CAGR in revenue from operations from Fiscal 2014 to 2023. Operating primarily from India with co-primary operations in London, UK, Crizac employs a skilled workforce of 210 individuals and 10 consultants, leveraging extensive international educational expertise.

Working closely with prestigious institutions like the University of Birmingham and Nottingham Trent University, Crizac's revenue is geographically diversified, with significant contributions from the UK, Canada, and the Republic of Ireland.

Their proactive agent engagement strategy ensures symbiotic partnerships, reflected in the consistent growth trajectory and global presence, positioning Crizac as a leader in the international student recruitment domain.

Industry Outlook:

  1. The Indian education sector, valued at $117 billion in FY 2020, is projected to grow to $225 billion by FY 2025 and $313 billion by FY 2030.
  2. Indian students studying abroad surged from 7,70,000 in 2019 to an estimated 14,80,000 in 2023, with a projected CAGR of 7.8% (2023-2030).

Crizac Limited IPO Details

Crizac Limited IPO Dates

The exact dates are yet to be announced.

Crizac Limited IPO Price Band

The exact price range is yet to be announced.

Crizac Limited IPO Lot Size

The exact lot size is yet to be announced.

Crizac Limited IPO Objectives

This Initial Public Offering (IPO) constitutes only an Offer for Sale, wherein proceeds from the IPO will be allocated to the promoters divesting their shares.

Peer Details

The companies considered by Crizac as its peers include:

  1. Indiamart Intermesh Ltd,
  2. IDP Education Ltd

How to Check the Allotment Status of the Crizac Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Crizac Limited IPO

  • Registered office: Wing A, 3rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, India - 700017
  • Phone: +91 33 3544 1515
  • E-mail:compliance@crizac.com

IPO Financials

Particulars For the 6-month period Ended on September 30, 2023 Year ending on March 31, 2023 Year ending on March 31, 2021
Revenue from Operations (in ₹ million) 1,636.00 2,740.98 287.79
Profit After Tax (PAT) (in ₹ million) 885.86 1,101.09 200.44
Cash & Cash Equivalents (in ₹ million) 301.76 157.10 0.00
Net Worth (in ₹ million) 3,109.04 2,199.70 360.63
Debt to Equity Ratio(x) 0.00 0.00 0.00
Return on Equity (%) 33.37% 67.58% 96.21%
Return on Capital Employed (RoCE) (%) 35.81% 63.94% 8.57%
Earning Per Share (EPS)-in absolute ₹ 5.06 6.29 67.79%

Know before investing

Strengths

4
  1. With over 5,300 agents across 72 countries, Crizac sources applications from diverse geographies for higher education institutions, ensuring a broad student base.

  2. Holding close to 13.0% of the Indian market share for students pursuing higher education in the UK, Crizac demonstrates leadership in student recruitment.

  3. Long-standing partnerships with 140+ global institutions of higher education, including top UK universities, underscore Crizac's expertise and reliability.

  4. Crizac's proprietary platform streamlines communication, automates processes and offers real-time access, enhancing operational efficiency and customer experience.

Risks

4
  1. Heavy reliance on a limited number of global institutions for revenue poses vulnerability to loss and adverse impacts on operations and financial conditions.

  2. Reliance on agents for student recruitment, coupled with the potential loss or replacement of top agents, threatens business operations and financial stability.

  3. The success of Crizac Limited is contingent on sustained collaboration with global institutions of higher education, subject to renewal uncertainties and potential revenue thresholds.

  4. Revenue concentration in select geographies heightens susceptibility to adverse geopolitical, economic, or policy developments, impacting business, financial condition, and future prospects.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Crizac IPO FAQs

What is Crizac Limited's IPO?

Crizac IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Crizac Limited's IPO be allotted?

The exact dates and price range are yet to be announced. 

When will Crizac Limited's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Crizac Limited list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Crizac Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Crizac Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Crizac Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Crizac Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Crizac Limited using one PAN?

You can submit only one application using your PAN card.