Wed Jul 02 03:40:00 UTC 2025: **News Article: Crizac IPO Opens, Aiming to Raise ₹860 Crore Through OFS**

**Kolkata, India -** Crizac Limited, a Kolkata-based education company, launched its initial public offering (IPO) today, seeking to raise ₹860 crore entirely through an offer for sale (OFS). The IPO will remain open for subscription until July 4, 2025, with a price band set between ₹233 and ₹245 per equity share.

The proceeds from the IPO will not go to the company’s balance sheet. Market observers indicate that Crizac shares are trading at a premium of ₹21 in the grey market.

By 10:24 AM on the first day of bidding, the IPO was subscribed 0.03 times overall. The retail portion was booked 0.05 times, while the NII (Non-Institutional Investors) segment was booked 0.01 times.

Investors can apply in lots comprising 61 shares each. The allotment is expected to be finalized on July 7, 2025, due to July 5 being a Saturday. The anticipated listing date is July 9, 2025. MUFG Intime India Private Limited (Link Intime) serves as the registrar for the IPO, while Equirus Capital and Anand Rathi Advisors are the lead managers.

Analysts have offered varied perspectives on the IPO. Gaurav Goel of Fynocrat Technologies advises investors to consider applying, noting the company’s moderate valuation with a P/E multiple of approximately 28 times based on FY25 earnings. Canara Bank Securities recommends subscribing, citing the company’s robust financial performance over the past three years and its potential to capitalize on global student outflows. However, the brokerage also warned about regulatory risks.

*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult with certified experts before making any investment decisions.*

Read More