The platform for agents and global institutions of higher education offers international student recruitment solutions
MUMBAI, July 1, 2025: B2B education Crizac Limited has garnered Rs. 258 crores from anchor investors ahead of its initial public offering that opens for public subscription that opened today. The company informed the bourses that it allocated 1,05,30,612 equity shares at Rs. 245 per share on Tuesday, July 1, 2025, to anchor investors.
Crizac Ltd is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ).
Some of the global institutions of higher education that Crizac has worked with includes 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.
Crizac is based in India with co-primary operations in London, United Kingdom. In addition, it has consultants in multiple countries including Cameroon, China, Ghana, and Kenya. As on March 31, 2025, it had a team of 368 employees and 12 consultants.
Crizac’s revenue from operations increased 33.81% from Rs 634.87 crore in Fiscal 2024 to Rs 849.49 crore in Fiscal 2025, due to an increase in the revenue from its education consultancy services as a result of increase in commission from universities. Profit after tax increased by 28.62% from ₹ 118.90 crore in Fiscal 2024 to ₹ 152.93 crore in Fiscal 2025.
Some of the marquee Institutions that participated in the anchor includes Societe Generale, Pinebridge Global Funds, Shamyak Investment Private Limited (Enam Group), Aryabhata India Fund (Abaccus Group), 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.
Equirus Capital Private Limited, and Anand Rathi Advisors Limited, are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
The IPO, which is entirely an offer for sale up to Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal, will closes on Friday, July 4, 2025. The price band for the Offer has been determined at Rs 233 – Rs 245 per equity share.
Investors can bid for a minimum of 61 equity shares and in multiples of 61 equity shares thereafter.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual bidders.
