Synopsis : Crizac Ltd’s Rs 860-crore IPO saw a stellar debut, listing at a nearly 15% premium after being subscribed 60 times. Strong institutional and retail demand drove the stock to touch an intraday high post-listing, reflecting robust investor confidence in the student recruitment solutions provider.
Crizac Ltd, a leading student recruitment solutions provider, made a powerful debut on the domestic stock exchanges after its Rs 860-crore IPO, listing at a nearly 15% premium over its issue price of Rs 245 per share on both the NSE and BSE.
The stock opened at Rs 280 on BSE (up 14.29%) and Rs 281.05 on NSE (up 14.71%), reflecting strong demand from investors and positive market sentiment. During intraday trade, Crizac touched a high of Rs 309.15 on NSE, demonstrating sustained investor interest post-listing.
Crizac’s IPO, which closed on July 4, was subscribed 60 times, receiving bids for 154 crore equity shares against the 2.58 crore shares offered. The retail investor portion was subscribed 10.24 times, while qualified institutional buyers (QIBs) subscribed 134.35 times, and non-institutional investors subscribed 76.15 times.
Marquee institutions such as Societe Generale, Pinebridge Global Funds, Enam Group, Abakkus Group, ICICI Prudential MF, Allianz Global Investors, Motilal Oswal MF, and Bandhan MF participated in the anchor book, signaling institutional confidence in Crizac’s growth potential.
The company’s strong debut highlights the growing interest in EdTech and student recruitment platforms in India, as investors continue to seek exposure to companies aligning with the country's education and overseas study aspirations.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
