The allotment status of the Crizac IPO is declared and eligible shareholders will receive their shares in their demat account by July 8, 2025. The latest grey market premium (GMP) is currently signalling between a 14-15% premium listing on BSE and NSE.
Crizac IPO Allotment Status:
The allotment of Rs 860 crore IPO was declared on July 7. The next step will be the initiation of refunds and credit of allotted shares in the demat account of eligible shareholders on July 8. The process comes ahead of listing, scheduled for July 9.
There are three methods to check allotment status online. These are the registrars of the IPO, BSE and NSE.
1. To check the application on the MUFG website, click on the link below:
Select the IPO name which is 'CRIZAC Ltd'. Then enter either PAN card number, application number, DP/Client number, account number or IFSC code to continue the process. Lastly, click on SUBMIT. Your application status will appear on the fresh page.
2. To check your application status on BSE, click on the link below:
Firstly, select the issue type which for Crizac is 'Equity'. Then select the issue name which is 'CRIZAC Ltd'. The third step is to enter either your application or PAN number. Lastly, click on search.
3. To check your application status on NSE, click on the link below:
On NSE, click the 'Equity & SME IPO' option, then select the company's symbol which is 'CRIZAC'. Then enter your PAN or application number. Lastly, click on submit.
Crizac IPO GMP:
As per Investor Grain, Crizac IPO last GMP is Rs 35, last updated Jul 8th 2025 08:58 AM. With the price band of 245.00, Crizac IPO's estimated listing price is Rs 280 (cap price + July 8 GMP). The expected percentage gain/loss per share is 14.29%.
The IPO was launched from July 2nd to July 4th. The 100% book building had a price band of Rs 233 to Rs 245 per share. On the final day, the IPO received a 59.82 times subscription.
As per Choice Broking's note, Crizac 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). With over 7.11 lakh applications processed and partnerships with 173+ global institutions, it has built deep expertise in international student recruitment, especially from India to the UK, its core strength.
Additionally, the brokerage added, it strong track record, profitability without external funding, and value-added services like university office management ensure long-term partner stickiness. With a large, diverse student pool and growing expansion into high-potential markets like the U.S., Crizac is well-positioned for sustainable growth. In a competitive space alongside players like IDP, ApplyBoard, and Leap Scholar, Crizac offers a differentiated, credible, and proven model.
Key Strength Of Crizac Are:
- One of the providers of international recruitment solutions with significant experience of catering to global institutions
- Well entrenched relationship with global network of institutions of higher education across diverse disciplines
- Wide ranging network of educational agents for sourcing students for recruitment
- Scalable proprietary technology platform
- Experienced Promoters supported by able professionals with strong domain expertise
Risk and concerns for Crizac are:
- High dependence on key customers
- Reliance on agent network for student acquisition
- Technology platform vulnerabilities and disruptions
- Revenue concentration in the UK market
- Reputational risk from partner institutions
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