Crizac Ltd, a leader in international education services, will launch its IPO for investment from July 2 to July 4, 2025, valued at ₹723 crore. The company is active in the B2B education consulting segment and recently recorded a revenue increase of over 33%.
Crizac Limited, a rapidly growing company in the education sector, is set to launch its Initial Public Offering (IPO) in the market from July 2, 2025. This three-day issue will close on July 4, 2025. The company has set a price band of ₹233 to ₹245 per share for this issue, which totals ₹723 crore. This will be an entirely Offer for Sale (OFS) based issue, where existing promoters will sell their stake.
Issue Structure and Lot Size
To invest in Crizac's IPO, investors will need to bid for a lot of at least 61 shares. Subsequent investments can be made in multiples of 61. In this issue, Pinki Agarwal and Manish Agarwal are selling their stakes. Pinki Agarwal is offering shares worth ₹137 crore, while the remaining amount will be sold by other promoters. The company will not receive any funds directly from this issue.
IPO Management and Book Running Responsibilities
The management of this Crizac issue is being handled by Equirus Capital Private Limited and Anand Rathi Advisors Limited. Both are acting as Book Running Lead Managers. MUFG Intime India Private Limited has been appointed as the registrar for the issue. The issue will be brought through the book-building process. Within this, 50 percent of the shares are reserved for Qualified Institutional Buyers (QIBs), 15 percent for Non-Institutional Investors (NIIs), and 35 percent for Retail Investors.
Crizac's Business and Reach
Crizac Limited is a B2B education platform that acts as a bridge between agents and international universities in the education consulting sector. The company primarily operates in countries like the United Kingdom, Australia, New Zealand, Ireland, and Canada. Crizac assists these countries' universities in recruiting students from India and other developing nations.
To date, Crizac has processed over 7.11 lakh student applications and has partnered with more than 173 international universities. It has 2,237 active agents in India, while 1,711 agents are working in 39 countries abroad. These countries are mainly spread across markets such as the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Ghana, Kenya, Vietnam, and Egypt.
Long List of University Partners
Some of the major universities associated with Crizac's network include the University of Birmingham, Nottingham Trent University, University of Portsmouth, Glasgow Caledonian University, Coventry University, De Montfort University, Swansea University, and Dundalk Institute of Technology. These universities have a significant reputation in the international education sector.
Operations and Team Structure
The company's headquarters are located in India, but its large team is working in London, UK. The company has a total of 368 employees, including 12 international consultants. These consultants are active in countries like Cameroon, China, Ghana, and Kenya. This international network of Crizac sets it apart from other B2B education platforms.
Glimpse of Financial Performance
Crizac's financial position also appears to be improving rapidly. In the financial year 2024-25, the company's operating revenue reached ₹849.49 crore, which is 33.81 percent more than the ₹634.87 crore of the previous year 2023-24. Meanwhile, net profit (PAT) also increased by 28.62 percent to ₹152.93 crore during this period, whereas it was ₹118.90 crore in the previous financial year.
This growth indicates that the company is demonstrating b performance not only in revenue but also on the profitability front.
Sector Characteristics and Market Prospects
The education sector, especially the B2B segment related to international education, is currently growing rapidly in India. A large number of Indian students apply to study abroad, and universities need such consulting platforms to reach these eligible students. Crizac fulfills this need, and its model is considered scalable.
Market Discussions Regarding the IPO
Crizac's IPO is coming at a time when the market is bullish and investors' interest in B2B and tech-enabled platforms has increased significantly. The company's b financial position, international network, expertise in education consulting, and global partnerships give it a distinct identity.
Discussions have begun among retail and institutional investors regarding this Crizac IPO. Due to its global presence and rapidly growing earnings, it is considered an interesting option in upcoming issues.
