Latest news with #Crizac
Economic Times
8 hours ago
- Business
- Economic Times
Crizac's IPO opens on July 2; price band fixed at Rs 233-245
Crizac Ltd's maiden IPO opens on July 2 and closes on July 4, 2025, with a price band of Rs 233–245 per share of face value Rs 2. The fully offer-for-sale issue totals Rs 723 crore, including Rs 137 crore from Pinky Agarwal and Manish Agarwal. Investors can bid for at least 61 shares and in multiples thereafter. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Crizac's initial public offering (IPO) will open for subscription on Wednesday, July 2, 2025, and close on Friday, July 4, 2025. Investors can bid for a minimum of 61 equity shares and in multiples of 61 shares thereafter. The company has fixed a price band of Rs 233 to Rs 245 per equity share, each with a face value of Rs 2, for its maiden public IPO is entirely an offer for sale, comprising equity shares aggregating to Rs 723 crore, including shares worth Rs 137 crore being sold by Pinky Agarwal and Manish Agarwal, Read | JioBlackRock Broking receives SEBI approval to commence brokerage business Equirus Capital Private Limited and Anand Rathi Advisors Limited are the book-running lead managers, while MUFG Intime India Private Limited is the registrar to the offer is being made through the book-building process, wherein not more than 50% of the net offer shall be allocated on a proportionate basis to qualified institutional buyers, not less than 15% shall be allocated to non-institutional investors, and not less than 35% shall be allocated to retail individual Ltd is a B2B education platform serving agents and global institutions of higher education, offering international student recruitment solutions to institutions in the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ).Over the past three fiscal years, the company has processed more than 7.11 lakh student applications while collaborating with over 173 global institutions of higher education, primarily in the United Kingdom, the Republic of Ireland, Canada, and the USA. It has 2,237 active agents in India and approximately 1,711 active agents across more than 39 countries overseas, including the United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, and Read | Wakefit Innovations files DRHP with SEBI, plans to raise Rs 468 crore via fresh issue Some of the global institutions of higher education that Crizac has worked with include the University of Birmingham, University of Surrey, University of Sunderland, Nottingham Trent University, University of Greenwich, University of West London, University of Portsmouth, De Montfort University, Glasgow Caledonian University, Aston University, University of Dundee, Dundalk Institute of Technology, Coventry University, and Swansea company is based in India, with co-primary operations in London, United Kingdom. Additionally, it has consultants in several countries, including Cameroon, China, Ghana, and Kenya. As of March 31, 2025, it had a team of 368 employees and 12 revenue from operations rose 33.81%, from Rs 634.87 crore in Fiscal 2024 to Rs 849.49 crore in Fiscal 2025, driven by higher revenue from its education consultancy services due to increased commissions from universities. Profit after tax grew by 28.62%, rising from Rs 118.90 crore in Fiscal 2024 to Rs 152.93 crore in Fiscal 2025.
Time of India
8 hours ago
- Business
- Time of India
Crizac's IPO opens on July 2; price band fixed at Rs 233-245
Crizac's initial public offering (IPO) will open for subscription on Wednesday, July 2, 2025, and close on Friday, July 4, 2025. Investors can bid for a minimum of 61 equity shares and in multiples of 61 shares thereafter. The company has fixed a price band of Rs 233 to Rs 245 per equity share, each with a face value of Rs 2, for its maiden public issue. The IPO is entirely an offer for sale, comprising equity shares aggregating to Rs 723 crore, including shares worth Rs 137 crore being sold by Pinky Agarwal and Manish Agarwal, respectively. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ethiopia: New Small Electric Car For Seniors. Prices Might Surprise You. Electric Cars | Search Ads Also Read | JioBlackRock Broking receives SEBI approval to commence brokerage business Equirus Capital Private Limited and Anand Rathi Advisors Limited are the book-running lead managers, while MUFG Intime India Private Limited is the registrar to the issue. The offer is being made through the book-building process, wherein not more than 50% of the net offer shall be allocated on a proportionate basis to qualified institutional buyers, not less than 15% shall be allocated to non-institutional investors, and not less than 35% shall be allocated to retail individual bidders. Live Events Crizac Ltd is a B2B education platform serving agents and global institutions of higher education, offering international student recruitment solutions to institutions in the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). Over the past three fiscal years, the company has processed more than 7.11 lakh student applications while collaborating with over 173 global institutions of higher education, primarily in the United Kingdom, the Republic of Ireland, Canada, and the USA. It has 2,237 active agents in India and approximately 1,711 active agents across more than 39 countries overseas, including the United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, and Egypt. Also Read | Wakefit Innovations files DRHP with SEBI, plans to raise Rs 468 crore via fresh issue Some of the global institutions of higher education that Crizac has worked with include the University of Birmingham, University of Surrey, University of Sunderland, Nottingham Trent University, University of Greenwich, University of West London, University of Portsmouth, De Montfort University, Glasgow Caledonian University, Aston University, University of Dundee, Dundalk Institute of Technology, Coventry University, and Swansea University. The company is based in India, with co-primary operations in London, United Kingdom. Additionally, it has consultants in several countries, including Cameroon, China, Ghana, and Kenya. As of March 31, 2025, it had a team of 368 employees and 12 consultants. Crizac's revenue from operations rose 33.81%, from Rs 634.87 crore in Fiscal 2024 to Rs 849.49 crore in Fiscal 2025, driven by higher revenue from its education consultancy services due to increased commissions from universities. Profit after tax grew by 28.62%, rising from Rs 118.90 crore in Fiscal 2024 to Rs 152.93 crore in Fiscal 2025.
Mint
12 hours ago
- Business
- Mint
Crizac IPO: Price band set at ₹233-245 per share; check issue details, key dates, more
Crizac IPO price band has been fixed in the range of ₹ 233 to ₹ 245 per equity share of the face value of ₹ 2. The Crizac IPO date of subscription is scheduled for Wednesday, July 2, and will close on Friday, July 4. The allocation to anchor investors for the Crizac IPO is scheduled to take place on Tuesday, July 1. The floor price is 116.50 times the face value of the equity shares and the cap price 122.50 times the face value of the equity shares. The Crizac IPO lot size is 61 equity shares and in multiples of 61 equity shares thereafter. Crizac IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Crizac IPO basis of allotment of shares will be finalised on Monday, July 7 and the company will initiate refunds on Tuesday, July 8 while the shares will be credited to the demat account of allottees on the same day following refund. Crizac share price is likely to be listed on BSE and NSE on Wednesday, July 9. The company's listed peers are Indiamart Intermesh Ltd (with a P/E of 27.18), and IDP Education Ltd (with a P/E of 7.86). Crizac is a business-to-business educational platform aimed at agents and international higher education institutions, offering global student recruitment services to universities and colleges in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). In the financial year 2025, Crizac achieved a revenue of ₹ 849.49 crore, an increase from ₹ 634.87 crore in the prior year. The net profit grew to ₹ 152.93 crore, up from ₹ 118.90 crore the previous year. The IPO consists of a complete offer for sale (OFS) valued at ₹ 860 crore from current promoters and shareholders. Among them, Pinky Agarwal and Manish Agarwal will sell shares worth ₹ 723 crore and ₹ 137 crore, respectively. Equirus Capital Private Limited and Anand Rathi Securities Limited are serving as the book running lead managers for the Crizac IPO, while MUFG Intime India Private Limited (Link Intime) is responsible for the issue's registration.
Mint
a day ago
- Business
- Mint
Crizac IPO opens on July 2: Check out 10 key things to know from RHP before investing
Crizac IPO: The initial public offering of Crizac will commence on Wednesday, July 2 and end on Friday, July 4. Crizac IPO price band will be revealed tomorrow, Friday, June 27. Meanwhile, the anchor investor bidding will take place on Tuesday, July 1. Crizac IPO consists entirely of a promoter-led offer-for-sale (OFS). The size of the OFS has been decreased from the originally planned ₹ 1,000 crore stated at the time of the DRHP filing. According to the RHP submitted on June 25, promoter Pinky Agarwal will be offloading shares worth ₹ 723 crore, while Manish Agarwal will sell ₹ 137 crore worth of shares in the OFS. Since this is a complete OFS, all proceeds will go to the promoters (the selling shareholders), and the company itself will not benefit financially from this offering. Tentatively, Crizac IPO basis of allotment of shares will be finalised on Monday, July 7 and the company will initiate refunds on Tuesday, July 8 while the shares will be credited to the demat account of allottees on the same day following refund. Crizac share price is likely to be listed on BSE and NSE on Wednesday, July 9. Equirus Capital Private Limited and Anand Rathi Securities Limited are serving as the book running lead managers for the Crizac IPO, while MUFG Intime India Private Limited (Link Intime) is responsible for the issue's registration. Here are 10 key things from the Red Herring Prospectus (RHP) that investors might want to know before subscribing to the issue. The company's promoters include Dr. Vikash Agarwal, Pinky Agarwal, and Manish Agarwal. The promoters possess 140,824,705 equity shares, accounting for 80.48% of the issued, subscribed, and paid-up equity share capital of the company. The company's listed peers are Indiamart Intermesh Ltd (with a P/E of 27.18), and IDP Education Ltd (with a P/E of 7.86). Crizac is a B2B educational platform designed for agents and international higher education institutions, providing global student recruitment services to universities and colleges in the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand (ANZ). The increasing number of students interested in studying abroad greatly advantages companies that help recruit candidates for overseas universities. As the demand for international education grows, these companies encounter more business opportunities, allowing them to broaden their reach and services to cater to a varied student demographic. They enjoy the benefits of higher enrollment figures, collaborations with global institutions, and an expanded client base. Moreover, these companies can provide specialized services such as visa support, academic advising, and career counseling, establishing themselves as crucial intermediaries in the education sector and contributing to their overall development. The business model of the company allows global higher education institutions to oversee a diverse and widespread network of approximately 10,362 Registered Agents worldwide, who are part of their proprietary technology platform as of March 31, 2025, including 3,948 Active Agents during Fiscal 2025. This enables the company to gather applications from more than 75 countries, including India. Acting as the single point of contact for international higher education institutions, the company streamlines the management of the admissions process. In the Fiscal years 2025, 2024, and 2024, the company collaborated with more than 173 higher education institutions worldwide, mainly in the United Kingdom, Republic of Ireland, Canada, and the United States. Some of the global higher education institutions they partnered with include the University of Birmingham, University of Surrey, University of Sunderland, Nottingham Trent University, University of Greenwich, University of West London, University of Portsmouth, De Montfort University, Glasgow Caledonian University, Aston University, University of Dundee, Dundalk Institute of Technology, Coventry University, and Swansea University. The company has 2 overseas subsidiaries - Crizac Ltd (Crizac UK), and UCOL FZ. Between Fiscal 2023 and Fiscal 2025, the company's operational revenue has increased at a compound annual growth rate (CAGR) of 34.02%, rising from ₹ 4,729.74 million to ₹ 8,494.91 million; meanwhile, the profit after tax has expanded at a CAGR of 16.78%, growing from ₹ 1,121.39 million to ₹ 1,529.33 million. Some of the key risks are as follows; The company relies significantly on a small number of global higher education institutions for a substantial portion of its revenue. A loss of any of these global higher education institutions could negatively affect their business, operational results, and financial status. The global higher education institutions they collaborate with have varying standards to assess their qualifications for earning income from educational consultancy services. Fifty percent of the equity shares allocated to anchor investors in the anchor investor segment will have a lock-in period of 30 days from the date they are allotted, while the remaining shares will be locked-in for a duration of 90 days from the date of allotment. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
- Business
- Time of India
Crizac gears up for Rs 860-cr IPO on July 2, slashes OFS size
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Student recruitment solution provider Crizac on Thursday said its Rs 860-crore initial public offering ( IPO ) will hit the capital markets for subscription on July public issue will conclude on July 4, and the bidding for anchor investors will open for a day on July 1, the company said in a the company did not disclose the details of the price IPO is 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, according to the red herring prospectus (RHP) filed on OFS consists of the sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the company, which had proposed to raise Rs 1,000 crore in November last year, has now trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in offer initially filed its preliminary IPO papers with Sebi in March 2024. The regulator had returned the documents in July. Thereafter, the company refiled the papers in November, which were approved by the regulator in March this Kolkata-based firm is a B2B education platform for agents and global institutions, which offers international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New the last three years, Crizac facilitated enrolment applications from over 75 countries through its registered agents on its technology platform. It processed more than 7.11 lakh student applications and collaborated with over 173 global institutions of higher company reported a revenue from operations of Rs 849.49 crore and a profit after tax of Rs 152.93 crore in the full financial year company's shares will be listed on the BSE and Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.
