Crizac IPO: 5 Key Things To Know About Educational Services Provider’s Public Issue Today

Crizac IPO Details: The 3-day subscription window of Crizac IPO is slated to open on July 2, 2025. The company is a business-to-business (B2B) entity focused education platform which provides services to agents and global institutions. The company deals with higher education institutes located across the UK, Canada, the Republic of Ireland, Australia and New Zealand. Here’s a look at some key details investors should know about Crizac IPO before its subscription window opens:

Crizac IPO: Issue Size, Lot Size and Minimum Investment

Crizac IPO is worth Rs 860 crore and consists only of an offer-for-sale (OFS) of 35.10 million shares. The price band for Crizac IPO has been fixed at Rs 233-245 per share. The promoters of the company, Pinky Agarwal and Manish Agarwal, are expected to reduce their stake in the company by participating in the OFS. Prior to the public issue, the promoters held 100 per cent shareholding in the company.

Retail investors can apply for Crizac IPO by placing bids for a minimum of one lot consisting of 61 shares. The minimum investment required to invest in the issue is Rs 14,213 for retail individual investors. On the other hand, small non-institutional investors (SNIIs) can bid for a minimum of 14 lots or 854 shares which aggregates to an investment of Rs 2,07,200. Big non-institutional investors can bid for a minimum of 67 lots or 4,087 shares which aggregates to an investment of Rs 10,01,315.

Crizac: Key Financials and Key Competitors

Crizac mentioned in its Red Herring Prospectus (RHP) that it operates in a competitive business environment. The company added that it faces stiff competition from both Indian and foreign players, such as IDP Education, ApplyBoard, SI-UK, KC Overseas, Leap Scholar, Leverage EDU, Canam and Indiamart Intermesh.

Crizac’s revenue from operations surged by over 15 per cent to Rs 884.78 crore in the fiscal ended March 31, 2025 compared to Rs 763.44 crore in the year-ago period. The company’s profit-after-tax (PAT) for FY 2024-25 also grew by more than 28 per cent to Rs 152.93 crore compared to Rs 118.9 crore in the preceding fiscal. Crizac’s net worth also increased by nearly 48 per cent to Rs 505.71 crore in the fiscal ended March 31, 2025 compared to Rs 341.81 crore in the previous fiscal. 

Crizac: Business Model

According to Crizac’s RHP, the company runs as a B2B service provider which connects agents and global institutions which provider higher learning. The company provides international student recruitment solutions to global institutions. The company added that it has 10,362 Registered Agents globally who are registered on its proprietary platform as of March 31, 2025.

Crizac IPO: Key Strengths and Risks

Here’s a look at some of the key strengths of Crizac based on the company’s RHP.

• Crizac mentioned in its RHP that it has a strong relationship with a global network of institutions of higher education across diverse disciplines.

• The company added that it has experienced promoters and able professionals who have strong domain expertise.

• Crizac also mentioned that it has a strong track record of financial performance and consistent growth.

Here’s a look at some of the key risks Crizac’s business faces according to the RHP:

• The company mentioned in its RHP that it depends heavily on a select few global institutions of higher education for earning its revenue and loss of such institutions can have an adverse impact on its business.

• Crizac also mentioned that it relies excessively on the service of its agents and any harm to its relationship with its agents may have an adverse effect.

• Crizac also said that its source of revenue is concentrated in certain geographical locations, such as the UK.

• Crizac also said in the RHP that any changes in the regulations or legislations related to VISA can lead to an adverse impact on its business.