Crizac IPO Subscribed 48% On Day 1: Should You Apply? Check GMP, Price, Lot Size, Review

Crizac IPO: Should You Jump Onboard?

Crizac Ltd., a leading B2B education platform, launched its IPO on July 2nd, aiming to raise Rs 860 crore. But is this the right opportunity for you? Let's dive into the details.

Day 1 Performance & GMP

The IPO saw a 48% subscription on its first day. Currently, the grey market premium (GMP) is a robust Rs 32, representing a 13.06% premium over the upper IPO price of Rs 245. This suggests potential for listing gains, but remember, GMP is speculative.

Key IPO Details

• Price Band: Rs 233 - Rs 245 per share
• Minimum Lot Size: 61 shares (Rs 14,945 minimum investment)
• Bidding Period: July 2nd - 4th
• Allotment: July 7th
• Listing: BSE & NSE on July 9th

What is Crizac?

Founded in 2011, Crizac connects international students with global institutions. Their tech platform facilitates recruitment through a vast network of over 7,900 agents in 75+ countries, spanning the UK, Canada, Ireland, Australia, and New Zealand.

Brokerage Recommendations: A Mixed Bag

Brokerage opinions are largely positive, but there's nuance:

• SBI Securities, Choice Broking, Chola Securities, Canara Bank Securities, BP Equities, Ventura Securities, and SMIFS: Recommend subscribing, highlighting strong financials (76% revenue CAGR, 43% EBITDA CAGR), reasonable valuations, and growth potential.
• Arihant Capital: Maintains a neutral stance, citing concentration of revenue from top institutions as a potential risk.

Financial Highlights

• FY25 Revenue: Rs 849.49 crore
• FY25 Profit After Tax: Rs 152.93 crore

Should You Invest?

Consider these factors:

• Strong Growth: Crizac boasts impressive growth figures.
• Global Reach: Their extensive network positions them for continued expansion.
• Positive Brokerage Views: Most analysts are bullish on the IPO.
• Risk Factors: Revenue concentration and regulatory changes are potential concerns.

Disclaimer: This information is for educational purposes only and not financial advice. Conduct thorough research and consider your risk tolerance before investing.