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Crizac IPO

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WEBSITE Inc. Year: 2011 Industry: Educational Institutions Listed Page

Profile
Issue Size 633 Cr
Profile
Price Range 233  to  245 per share
Profile
Min Investment ₹245
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of the leading education platforms offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ). Our Company has over the time built strong relationships with global institutions of higher education in the United Kingdom, and we are one of the largest student recruitment solutions providers from India into the United Kingdom with a market share of close to 13.0% in terms of the number of students going from India to the UK to pursue higher education in the year 2023. (Source: F&S Report) For the 6 month period ended September 30, 2023 and Fiscals March 31, 2023, March 31, 2022 and March 31, 2021, we sourced applications for enrolment into global institutions of higher education from over 72 countries through our agents globally who are registered on our proprietary technology platform. During the 6 month period ended September 30, 2023 and Fiscals 2021, 2022 and 2023, we processed over 3.82 lakh student applications while working with over 140 global institutions of higher education. As of December 31, 2023, we have over 5,300 agents globally who are registered on our proprietary technology platform and during Fiscal 2023, we had 1,819 active agents (i.e., agents to whom our Company has made payments during Fiscal 2023) (Active Agents) comprising 1,239 Active Agents in India and around 32% Active Agents i.e., 580 Active Agents in over 20 countries overseas including United Kingdom, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Kenya, Vietnam, Canada and Egypt. Read More

Basic Info

Face Value 2 per share

Price 233  to  245 per share

P/E (x) 28.2

Sales( Cr.) 849

PAT( Cr.) 153

EPS 8.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Vikash Agarwal Pinky Agarwal Manish Agarwal

Pre Issue Share Holding 100%

Post Issue Share Holding 79.94%

Listing Details:

Listing Price: 280

Listing Gain: 12.5%

Current Price: 210.1

Gain On Issue: 210.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 02, 2025
Closing Date Jul 04, 2025
Allotment Jul 07, 2025
Refund Jul 08, 2025
Delivery of Shares Jul 08, 2025
Listing Date Jul 09, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 61 14,945
Retail (Max) 13 793 194,285
S-HNI (Min) 14 854 209,230
S-HNI (Max) 66 4026 986,370
B-HNI (Min) 67 4087 1,001,315

Objective of the Issue

Issue

Category Nos Bid Bid (x)
QIB 7381973 991749956 134.3x
NII 5536481 421626754 76.2x
Retail 12918455 132303754 10.2x
EMP 0 0 0x
Total 25836909 1545680464 59.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Crizac Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 111 264 473 530 849
Other Income 1 3 45 129 35
Total Income 112 267 518 659 885
Total Expenditure 84 175 366 384 637
Operating Profit 28 92 152 275 248
Interest 0 0 0 0 0
Depreciation 0 1 2 13 46
Exceptional Income / Expenses 0 0 0 -75 0
Profit Before Tax 28 91 150 187 202
Provision for Tax 7 23 38 69 50
Profit After Tax 21 68 112 118 153
Adjustments 0 0 0 0 0
Profit After Adjustments 21 68 112 118 153
Adjusted Earnings Per Share 1.2 3.9 6.4 6.7 8.7

Crizac Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 37 108 223 339 503
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities 4 6 11 28 7
Total Current Liabilities 49 59 72 274 489
Total Liabilities 90 172 307 641 999
Fixed Assets 27 27 24 119 85
Other Non-Current Assets 16 22 33 59 195
Total Current Assets 47 124 249 463 720
Total Assets 90 172 307 641 999

Crizac Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 16 50
Cash Flow from Operating Activities 0 0 0 101 187
Cash Flow from Investing Activities 0 0 0 -67 -149
Cash Flow from Financing Activities 0 0 0 -0 -0
Net Cash Inflow / Outflow 0 0 0 35 39
Closing Cash & Cash Equivalent 0 0 0 50 89

Crizac Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.21 3.87 6.41 6.74 8.74
CEPS(Rs) 0 3.93 6.53 7.51 11.35
DPS(Rs) 0.02 0.03 0.03 0 0
Book NAV/Share(Rs) 2.12 6.15 12.76 19.38 28.77
Core EBITDA Margin(%) 24.6 33.59 22.7 27.65 25.05
EBIT Margin(%) 25.33 34.44 31.73 35.24 23.83
Pre Tax Margin(%) 25.31 34.42 31.69 35.24 23.83
PAT Margin (%) 18.85 25.71 23.71 22.25 18
Cash Profit Margin (%) 19.07 26.09 24.16 24.78 23.38
ROA(%) 23.35 51.7 46.8 24.88 18.65
ROE(%) 57.04 93.9 67.77 41.93 36.3
ROCE(%) 75.6 125.32 90.69 66.42 48.06
Receivable days 127.88 48.43 22.36 67.08 91.15
Inventory Days 0 0 0 0 0
Payable days 0 0 0 0 0
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) -0.05 -0.1 -0.21 -0.17 -0.32
EV/Core EBITDA(x) -0.2 -0.29 -0.66 -0.32 -1.11
Net Sales Growth(%) 0 137.23 79.47 12.07 60.27
EBIT Growth(%) 0 222.57 65.37 24.47 8.38
PAT Growth(%) 0 223.63 65.48 5.16 29.69
EPS Growth(%) 0 220.42 65.48 5.15 29.69
Debt/Equity(x) 0.01 0 0 0 0
Current Ratio(x) 0.96 2.1 3.44 1.69 1.47
Quick Ratio(x) 0.96 2.1 3.44 1.69 1.47
Interest Cover(x) 1875.6 2520.86 815.62 0 0
Total Debt/Mcap(x) 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 60% 48% 0% 0%
Operating Profit CAGR -10% 39% 0% 0%
PAT CAGR 30% 31% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 36% 49% 59% 59%
ROCE Average 48% 68% 81% 81%

Company Contact Information

Crizac Ltd.

Kashish Arora

+91 33 3544 1515

compliance@crizac.com

Wing A, 3rd Floor Constantia Building, 11, Dr. U. N. Brahmachari Street Shakespeare Sarani

IPO Lead Manager(s)

Crizac Ltd.

Equirus Capital Pvt Ltd

Anand Rathi Advisors Ltd.

Registrar Info

Crizac Ltd.

MUFG Intime India Pvt Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Mumbai City Maharashtra 400083

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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