Thu Jul 03 07:20:00 UTC 2025: Okay, here’s a news article summarizing the Crizac IPO information:

**Crizac IPO Sees Moderate Subscription on Day 2, Grey Market Premium Suggests Positive Listing**

**Mumbai, India – July 3, 2024** – The initial public offering (IPO) of Kolkata-based B2B education platform CRIZAC Limited is currently underway, with the second day of subscription open today, July 3rd. The Rs 860-crore IPO opened on July 2nd and will close on July 4th.

As of 11:13 am today, the IPO has received bids for 1,46,16,027 shares against the 2,58,36,909 shares on offer, according to the NSE. The price band for the IPO is set at Rs 233-245 per share.

Market observers are noting a Grey Market Premium (GMP) of Rs 39, suggesting a positive listing for the company. This translates to a GMP of approximately 15.92 per cent.

Crizac Limited, a B2B education platform specializing in international student recruitment, aims to use the IPO proceeds to further expand its services to global institutions of higher education in key destinations like the UK, Ireland, Canada, Australia, and New Zealand.

The finalization of the IPO allotment is expected on July 7th. Allotment status will be available on the registrar’s website, MUFG Intime India Private Limited, as well as the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Crizac’s shares are proposed to be listed on both the NSE and BSE, with the listing tentatively scheduled for July 9th.

Equirus Capital Private Limited and Anand Rathi Advisors Limited are acting as the book running lead managers for the IPO. HDFC Bank Limited and ICICI Bank Limited are serving as sponsor banks.

The IPO has a face value of Rs 2 per equity share with a tick size of Re 1.

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