Crizac Limited is a Kolkata‑based incorporated in 2011, B2B education‑tech company that serves as an intermediary between global universities and student‑recruitment agents, primarily in India and other emerging markets. Here’s a detailed overview:
🏢 Company Profile & Business Model
- Founded: FY 2011 (Kolkata); co-primary operations also in London.
- What they do: Crizac operates a proprietary digital platform that connects licensed, local agents with universities abroad, assisting with student applications, documentation, tracking, visa prep, and pre‑departure services — without charging students directly. Their revenue comes from commissions paid by the universities upon successful enrollments.
- Global reach:
- ~10,362 registered agents across 75+ countries (3,948 active in FY25), with ~43% based outside India.
- Partners with over 170 leading institutions, including the University of Birmingham, Coventry University, Nottingham Trent, and others across the UK, Canada, Ireland, Australia, and New Zealand.
🚀 Strengths & Competitive Edge
- Market leadership in India‑to‑UK student recruitment (~13% market share)
- Asset‑light and scalable business model with minimal capital expenditure.
- Proprietary technology platform managing applications, agent performance, and tracking — enhancing efficiency and compliance.
- Strong university relationships, many spanning 5+ years — supports recurring commission‑based revenues.
- Cash-rich with negligible debt — increases flexibility and lowers risk.
Crizac Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 02 July 2025 |
| IPO Close Date | 04 July 2025 |
| Allotment Date | 07 July 2025 |
| IPO Listing Date | 09 July 2025 |
Crizac Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 233 to 245 Per Equity Share |
| Market Lot | 61 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 860 Crore. |
Crizac Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 61 | Rs. 14945 |
| Maximum | 13 | 793 | Rs. 194285 |
| Small HNI (Minimum) | 14 | 854 | Rs. 209230 |
| Big HNI (Minimum) | 67 | 4087 | Rs. 1001315 |
Crizac Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Crizac Limited IPO
Click Here To Get ASBA Forms Crizac Limited IPO
Company Financials :
| Particular | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Total Assets | 879.62 | 592.91 | 304.99 |
| Total Revenue | 884.78 | 763.44 | 517.85 |
| Profit After Tax | 152.93 | 118.90 | 112.14 |
Company Promoters:
Dr. Vikash Agarwal, Pinky Agarwal and Manish Agarwal are the promoters of the company.
Objects of this Issue:
- The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Crizac Limited Wing A, 3 rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal, 700017 Phone: +91 33 3544 1515 Email: compliance@crizac.com Website: http://www.crizac.com/ | MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: crizac.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
