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Crizac IPO: Kolkata-based education platform raises ₹258 crore from anchor investors ahead of public issue
Crizac IPO: Kolkata-based education platform Crizac Limited completed its anchor round on Tuesday, 1 July 2025. The Crizac IPO raised ₹ 258 crore from anchor investors ahead of the initial public offering (IPO).
According to the BSE filing, Crizac allocated a total of 1,05,30,612 or more than 1.05 crore equity shares to the anchor investors at an allotment price of ₹ 245 per share, with the face value of ₹ 2 apiece.
Societe Generale, Pinebridge Global Funds, Shamyak Investment Private Limited, Aryabhata India Fund, ICICI Prudential MF, Allianz Global Investors Fund, Carnelian Bharat Amritkaal Fund, 360 One Equity Opportunity Fund, Motilal Oswal MF, Bandhan MF, Axis Max Life Insurance and Kotak Mahindra Life Insurance were the top anchor investors who booked the Crizac IPO.
Shamyak Investment Private Limited at 13.95%, Aryabhata India Fund at 10.85%, ICICI Prudential MF at 8.14%, and Allianz Global Investors Fund at 8.14% were the top anchor allocations for the public issue.
According to the BSE filing, a total of three domestic mutual funds applied to the IPO via a total of five schemes.
As of Tuesday, 1 July 2025, the grey market premium (GMP) of the Crizac IPO stood at ₹ 12 per share. With the upper price band at ₹ 245 per share, the stocks are expected to be listed at ₹ 257 apiece, a listing premium of 4.9%, according to Investorgain data.
Grey market premium (GMP) is an indicator of the investors' willingness to apply for a public issue. The GMP jumped to current level of ₹ 12 per share after the anchor round update on 1 July 2025.
Crizac IPO is offering a book-built issue of a full offer-for-sale (OFS) component of equity shares up to ₹ 860 crore from the company promoters, Pinky Agarwal and Manish Agarwal.
The company fixed the price band for the public issue in the range of ₹ 233 to ₹ 245 per equity share of face value of ₹ 2 apiece. The IPO has a lot size of 61 shares per lot.
Crizac Ltd will not receive any proceeds of the public issue as the IPO only has an offer-for-sale component from the company.
The company 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.
Equirus Capital Private Limited is the book-running lead manager for the public issue, while MUFG Intime India Private Limited (formerly Link Intime) is the registrar to the offer.
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