Crizac Limited IPO Details

CRIZAC LIMITED — About the Company

Incorporated in January 2011 as GA Educational Services Private Limited, Crizac (now) is India’s leading education platform that offers international student recruitment solutions to global institutions of higher education in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). The company has co-primary operations in London, UK, and has consultants in multiple countries, including Cameroon, China, Ghana, and Kenya. From Mar 21’ until Sep 30, 2023, while working with over 140 global higher education institutions, the company has processed over 3.82 lakh student applications. As of December 31, 2023, the company had over 5,300 agents globally registered on its proprietary technology platform, out of which 1,819 were active agents who had received payment during fiscal 2023.

CRIZAC LIMITED IPO Objectives

This issue is totally an offer for sale IPO and company will not receive anything from the proceeds. Offer size of this IPO is 1000 cr by the selling promoters. Out of Rs. 1000 cr Pinky Agarwal will receive Rs. 841 cr and Manish Agarwal will receive Rs. 159 crores.

CRIZAC LIMITED IPO Issue Price & Size

According to the DRHP document, only the issue size of the Crizac Limited IPO is known, which consists of a Rs 1000 crore offer for sale by selling promoters. The issue prices haven’t been released and therefore will be updated as and when filed with the exchange.

CRIZAC LIMITED IPO Launch Date

Since the RHP hasn’t been filed yet, the launch date of the IPO is unknown. All the specified dates, including the launch date, issue size, and price, will be revised as and when the tentative dates are rolled out.

Why Invest in CRIZAC LIMITED IPO?

While investing in an IPO-bounded company, one should check their fundamentals that help an investor to Visions Company’s financial performance and competitive strength which at last drives its business growth. Fundamental analysis apart from financial and competitive strength, also help you to know the risk factors that can affect the business operations and future prospects of the company. After evaluating the variables such strength weakness, financials, you may strike a balance and decide to invest or not invest in an IPO.