Latest news with #Crizac
Mint
10-07-2025
- Business
- Mint
Crizac share price rallies another 9%, now trades 32% higher than IPO price
Crizac share price in focus today: After making a bumper debut on the Indian stock market, Crizac share price extended its momentum on Thursday, rallying another 9% to hit the day's high of ₹ 334.75 apiece in intraday trade. Crizac share price made a grand entry on the exchanges on Wednesday, listing at ₹ 281.05 on the NSE, a 14.71% premium over the IPO price of ₹ 245, and ended its first trading day even higher at ₹ 307.60. Adding to the excitement on debut day, Sunil Singhania's Abakkus Asset Manager Pvt Ltd. picked up a stake in the company during the listing itself. According to exchange data, Abakkus Asset Managers bought 36.73 lakh shares at ₹ 298.33 apiece, taking the total transaction value to approximately ₹ 109.5 crore. Taking today's intraday high into account, Crizac share price has gained 37% over its IPO price.
Business Standard
10-07-2025
- Business
- Business Standard
Crizac gains after Abakkus Asset Manager picks up stake
Crizac climbed 4.86% to close at Rs 322.40 after ace fund manager Sunil Singhania's Abakkus Asset Manager picked up a stake in the company on the day it listed on the bourses. Data from the NSE shows Abakkus bought 36.73 lakh shares at Rs 298.33 apiece on Wednesday, 9 July 2025. The transaction was valued at Rs 109.57 crore. Crizac made its stock market debut at Rs 280, listing at a 14.29% premium to the issue price of Rs 245. It eventually settled at Rs 307.45 on the BSE, up 25.49% from its IPO price. The IPO was open from 2 to 4 July 2025 with a price band of Rs 233 to 245 per share. It was a pure offer-for-sale of 3.51 crore equity shares. Promoter Pinky Agarwal offloaded shares worth Rs 723 crore, while Manish Agarwal sold shares worth Rs 137 crore. Ahead of the IPO, Crizac raised Rs 10 crore from anchor investors on 1 July 2025. The company allotted 4.08 lakh shares at Rs 245 each to 19 anchor investors. Founded in 2011, Crizac is a B2B education platform offering international student recruitment solutions to universities in the UK, Canada, Ireland, Australia, and New Zealand. It works with over 10,000 registered agents and has processed more than 7.11 lakh applications from students across 75 countries, partnering with 173 global institutions. It operates in countries like Cameroon, China, Ghana, and Kenya. It had 368 employees and 12 consultants as of 31 March 2025.
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Business Standard
10-07-2025
- Business
- Business Standard
Crizac gains 34% in two days of listing; Abakkus Asset buys 2.1% equity
Crizac share price registered an all-time high on BSE, at ₹334.15 per share, a day after listing on the bourses. The stock extended rally for the second session and was up nearly 34 per cent. At 11:07 AM, Crizac shares were up 7.72 per cent at ₹331.2 per share on the BSE. In comparison, the BSE Sensex was down 0.34 per cent at 83,248.68. The company's market capitalisation stood at ₹5,759.55 crore. The stock got listed at ₹281.05 per share and its initial public offer (IPO) issue price was at ₹245 per share. What led to rally in Crizac a day after listing? The buying on the counter came after ace investor Sunil Singhania's Abakkus Asset Manager bought 3.67 lakh shares (2.1 per cent stake) at ₹298.33 per share of the company on the National Stock Exchange (NSE). The transaction was worth ₹1,095,876,110. Abakkus is an asset management firm primarily investing in listed Indian equities. Crizac IPO listing Shares of education-related services provider Crizac made a positive debut on Dalal Street on Wednesday, following the completion of their initial public offering (IPO). Crizac shares listed at ₹280 per share, reflecting a premium of ₹35 or 14.29 per cent over the issue price of ₹245 per share. On the NSE, Crizac shares listed at a slightly higher premium of ₹36.05 or 14.71 per cent, at ₹281.05 per share. The public issue of Crizac comprised an entirely offer-for-sale (OFS) by Manish Agarwal and Pinky Agarwal, who divested up to 35.2 million equity shares, estimated to be valued at around ₹860 crore. Crizac IPO was open for subscription from July 2 to July 4, at a price band of ₹233–₹245 per equity share, with a lot size of 61 shares. The public issue garnered strong demand among investors, getting oversubscribed by 59.82 times. This was led by Qualified Institutional Buyers (QIBs), who oversubscribed the category reserved for them by a whopping 134.35 times, according to NSE data. About Crizac Crizac is based in India, with co-primary operations in London, United Kingdom. In addition to extensive operations and employees in India, it has consultants in multiple countries including Cameroon, China, Ghana, and Kenya. It is a B2B education platform for agents and global institutions of higher education, offering international student recruitment solutions to global institutions.
Mint
09-07-2025
- Business
- Mint
Crizac makes strong debut, lists at ₹281.05 on NSE, up 14.71% from IPO price
Crizac IPO listing: Shares of Crizac made a strong debut on the bourses on Wednesday, July 9, listing at ₹ 281.05 on NSE, a premium of 14.71 percent from its IPO price of ₹ 245. Meanwhile, on BSE, it listed at ₹ 280, up 14.29 percent from issue price. The initial public offering (IPO), with a total issue size of ₹ 860 crore, was open for bidding from July 2 to July 4. The offering received a healthy overall response from investors, closing with a subscription of 62.89 times. During the three-day subscription window, the IPO garnered bids for 1.54 crore shares against the 2.45 crore shares available. The retail investor category led the enthusiasm, subscribing 10.74 times their allotted quota. The non-institutional investor (NII) segment also showed strong participation, with a 80.07 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was fully booked as well, receiving bids 141.27 times the shares reserved. The IPO is entirely an offer-for-sale (OFS) aimed at raising ₹ 860 crore by promoters Pinky Agarwal and Manish Agarwal. The total issue size stood at 3.51 crore shares. The minimum application size was 61 shares, implying a minimum investment of ₹ 14,213 lakh from retail investors. Crizac will not receive any proceeds from the issue and entire proceeds shall go to the selling shareholders. The IPO also raised ₹ 258 crore from anchor investors on Tuesday, July 1, 2025. Equirus Capital Private Limited is the book-running lead manager of the IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar. Founded in 2011, Crizac Limited operates as a B2B education platform that facilitates international student recruitment for global institutions of higher education. The company primarily connects education agents with institutions across key destinations including the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). Crizac leverages a proprietary technology platform that enables registered agents worldwide to source student applications for global academic institutions. Over the years, the company has built a robust global presence, sourcing applications from students in more than 75 countries. As per data for the six-month period ending September 30, 2024, and for the financial years ended March 31, 2024, 2023, and 2022, Crizac processed more than 5.95 lakh student applications. These applications were submitted to over 135 higher education institutions around the world, underscoring the scale and efficiency of its recruitment network.
Time of India
09-07-2025
- Business
- Time of India
Crizac shares extend gains on listing day, gain over 21% from issue price
Shares of Crizac surged further on their listing day, with the stock currently trading at Rs 296.60, marking a 21% gain over its IPO price of Rs 245. The strong post-listing momentum reflects positive investor sentiment and robust demand. Earlier in the session, Crizac made a solid debut, listing at Rs 281 on the NSE , which was a 14.7% premium to its issue price. On the BSE, the stock opened at Rs 272, translating to an 11% listing gain. The continued rally after the opening indicates strong buying interest, possibly driven by confidence in the company's fundamentals and favorable market conditions. Crizac share price listing Shares of Crizac on Wednesday listed with a 14.7% premium over their IPO price. The stock debuted at Rs 281 on the NSE; meanwhile, it listed at Rs 272 on the BSE, gaining 11%. The IPO of the B2B education platform specializing in international student recruitment was one of the most successful in recent times. The Rs 860 crore offer, which was entirely an OFS, saw an overwhelming subscription of 63 times, underscoring strong demand across investor categories. Live Events The company had priced its IPO in the range of Rs 233 to Rs 245 per share, and the issue was open between July 2 and July 4. Crizac is one of the few tech-enabled B2B education companies to go public in India. With a vast global network of over 10,000 registered agents and operations spanning the UK, Canada, Ireland, Australia, and New Zealand, the company connects prospective students from more than 75 countries with international universities. In FY25, it reported total income of Rs 849.5 crore and a net profit of Rs 152.93 crore, delivering a robust EBITDA margin of 25%. The company's core business model hinges on facilitating student applications through agents, offering universities pre-screened applicants while enabling agents to benefit from a centralized, technology-driven platform. This creates efficiencies in global student recruitment and allows Crizac to earn tiered commissions from institutions. The IPO was lead-managed by Equirus Capital and Anand Rathi Securities. Given the company's strong financial track record—revenue has grown at a CAGR of 76% over three years—and minimal debt on books, analysts were bullish on the IPO, while flagging regulatory risks as a key concern, especially in light of visa-related policy changes in countries like Canada and the UK. With a P/E of 28x and a price-to-book of 9x at the upper end, Crizac's valuation has been seen as reasonable in comparison to listed peer IndiaMART. A strong debut today could reflect investor conviction in the company's global growth story, backed by the rising outflow of Indian students pursuing higher education abroad.
