Key IPO Details

The price band of ₹233-₹245 and a minimum lot size of 61 shares provide investors with an estimate of the capital required to participate in the IPO.

Business Overview

Operating since 2011, Crizac Limited functions as a B2B education platform providing international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand. With co-primary operations in India and London, the company has established particular strength in student recruitment from India to the United Kingdom through strong institutional relationships.

Crizac Limited operates through a proprietary technology platform supporting over 10,362 registered agents globally, with 3,948 active agents across over 39 countries. During fiscal 2025, the platform processed over 7.11 lakh student applications while collaborating with over 173 global institutions of higher education including University of Birmingham, University of Surrey, Nottingham Trent University, and Coventry University.

With a team of 368 employees spanning multiple countries, the company has achieved significant growth with a CAGR of 100.18% in revenue from operations between fiscal 2015 and 2025. The platform enables students and parents to access world-class educational institutions while helping universities develop bespoke recruitment strategies.

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Industry Context & Investment Thesis

Crizac Limited’s operations align with broader sustainability and circular economy themes. The company’s activities in international student recruitment support global education access and institutional partnerships, contributing to the advancement of educational sustainability goals.

The IPO’s issue size and intended use of funds are expected to further support the company’s growth within the education sector, fostering innovation and accessibility in higher education.

Investors may consider the IPO as an opportunity to support sustainable education initiatives and participate in the growth of a company dedicated to enhancing global educational opportunities.

IPO Schedule & Key Dates

Timely tracking of IPO milestones is crucial for planning UPI mandates, allotment status, and post-listing activities.

Investors are advised to monitor mandates, allotment status, and listing updates as per the provided dates.

How to Apply for CRIZAC LIMITED IPO

To apply for the CRIZAC LIMITED IPO, investors can use UPI-enabled broker apps or apply through ASBA via their bank. Ensure you follow the application process carefully to participate in the IPO.

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Key Strengths

• The company is a key B2B player in international student recruitment, especially India–UK.
• Strong, long-term partnerships with 170+ global institutions, driving over 70% of revenue.
• Extensive agent network with 3,900+ active agents in 39+ countries drives diverse student sourcing.
• Scalable tech platform streamlines student applications and agent coordination.
• Experienced promoters with deep domain expertise, supported by a skilled team and global advisory board.

Investors may find these strengths appealing for long-term investment, especially those focused on sustainability and with a higher risk tolerance.

The strengths of Crizac Limited position the company as a leader in international student recruitment, offering potential growth opportunities for investors with a long-term perspective.

Key Risks

• High dependence on few institutions; loss of any may severely impact revenue.
• Dependence on non-exclusive agents may impact business if they shift or disengage.
• Loss or non-renewal of key institutional tie-ups may impact revenue and growth.
• High geographic revenue concentration in the UK (95%+) poses risk from regional disruptions or policy changes.
• Proforma financials are illustrative and may not reflect actual or future performance.
• Visa or travel rule changes in key markets may hurt student flow and impact revenue.

Investors should consider the potential risks associated with Crizac Limited, including revenue dependencies, market fluctuations, and regulatory challenges. These factors may impact short to medium-term investment outcomes.

Understanding the risks involved in investing in Crizac Limited is essential for investors to make informed decisions based on their risk appetite and investment goals.

Who Should Consider This IPO?

Investors who are interested in the education sector, sustainable business models, and have a moderate risk appetite may find the CRIZAC LIMITED IPO appealing. The IPO offers exposure to the international student recruitment industry and potential growth opportunities within the education sector.

For investors looking for long-term investment options with a focus on sustainable business practices and global market exposure, the CRIZAC LIMITED IPO presents a unique opportunity to participate in the company’s growth journey.

Frequently Asked Questions