Crizac, a brand new listing has made a smashing debut. As against the IPO price of Rs.245, it got listed on the BSE at Rs.,281, rose to Rs.305 and is now trading at Rs.298 levels.

The overall IPO was subscribed 59.81x of which the giants chunk was taken by QIBs at 134.35x, followed by HNIs at 76.15x and Retail Investors at 18.21x.

Crizac is a 14 year old B2B technology platform provider, connecting higher education universities and agents (counsellors sourcing international students), earning referral fee from university on student enrolled. As of 31.3.25, company had 2,948 active agents across 25 countries (60% in India) using its platform, catering to 173 universities in UK, Canada, Ireland, Australia, New Zealand, although 95% revenue came from UK universities.

In our IPO Analysis, we had concluded - Our review for IPO of Crizac is ‘apply’ driven by high growth, unique business model and attractive valuation.