Crizac IPO: Record-Breaking Response and a Flying Start on the Stock Market

Rarely does an IPO grab investor attention quite like Crizac’s. When the B2B education tech company opened its ₹860 crore main-board IPO for bids from July 2 to 4, 2025, the market buzz began right away. Priced attractively between ₹233 and ₹245 per share, the offer was entirely a secondary sale with a total of 3.51 crore shares up for grabs—meaning all proceeds went to pre-existing shareholders and not directly to the company itself.

Retail investors needed to put up ₹14,945 for the minimum application of 61 shares, while bigger players had to commit far more. Yet, enthusiasm was off the charts. The IPO was oversubscribed by a staggering 63 times, showing just how much demand there was from all corners—retail, institutional, and non-institutional investors.

Equirus Capital ran the IPO show as the book-running lead manager, while Link Intime handled the nuts and bolts of share allotment. By July 7, allotment details rolled out, adding to the anticipation. Within days, on July 9, the much-awaited stock market debut happened on both the BSE and NSE.

Strong Listing and What’s Driving the Craze

Crizac shares kicked off trading on the NSE at ₹281.05, a healthy 14.71% jump over the IPO’s upper price band. This instant gain shows just how hungry investors were, betting on Crizac’s unique spot as a B2B platform for international student recruitment—an area not many listed companies focus on.

So why all this fuss? For starters, Crizac’s focus on the global student mobility industry positions it to benefit from the ever-growing demand as more students look to study abroad. The company’s success in connecting universities and education providers overseas with students from India and other countries has shown big promise in recent quarters.

Investors are also eyeing Crizac’s international expansion and the way it leverages tech for streamlined recruitment—something that sets it apart in a traditional sector. The company’s financial health and reputation for consistent growth attracted both seasoned market players and first-time IPO investors. With the massive Crizac IPO oversubscription, it’s clear that the market sees plenty of runway for future growth.

Now, all eyes are on how Crizac capitalizes post-IPO. Market analysts say the robust debut boosts confidence—for the company and for others eyeing a public listing in India’s surging education and tech space.