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Crizac IPO: Things Smart Investors Need to Know

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Crizac Limited is a prominent player in the educational services sector, originally incorporated as GA Educational Services Private Limited in 2011. Over the years, the company has undergone several transformations, rebranding itself as Crizac Limited in 2024 to align with its growing market presence. With a focus on innovative learning solutions, Crizac has carved a niche in the market by providing top-notch services in test preparation and learning programs.

Crizac's core business revolves around educational solutions targeting a wide audience across multiple geographies. The company has positioned itself as a leader in the test preparation industry, with strong market penetration in India and overseas. Its extensive range of products includes online, and offline learning programs aimed at students preparing for exams such as GMAT, GRE, and SAT.

Crizac IPO Details and Objectives

IPO Size

Up to ₹10,000.00 million

Offer for Sale

₹1,590.00 million by Manish Agarwal, ₹8,410.00 million by Pinky Agarwal

Face Value

₹2 per equity share

Offer Type

100% Book Built

Listing

BSE and NSE

Promoters

Dr. Vikash Agarwal, Pinky Agarwal, Manish Agarwal

The primary objective of the IPO is to provide an exit for the selling shareholders and enhance the company’s visibility in the stock market. The proceeds from the offer will not be received by Crizac but by the promoters selling their shares.

Purpose of the IPO

  • To list shares on NSE and BSE, increasing public awareness.
  • To provide an exit for the promoters via the sale of their equity shares.

Timeline of Crizac IPO

Event

Date

IPO Open Date

TBA

IPO Close Date

TBA

Basis of Allotment

TBA

Initiation of Refunds

TBA

Credit of Shares to Demat

TBA

Listing Date

TBA

Cut-off time for UPI mandate confirmation

TBA

Pricing and Lot Size of Crizac IPO

  • Price Band for the IPO: TBA
  • Minimum Lot Size: TBA
  • Minimum Investment for Retail Investors: TBA
  • Minimum Investment for HNIs: TBA
  • Application Details: TBA

How to Apply for the Crizac IPO

Online Application Process

 Step 1: Log in to your Bajaj Broking trading account linked to your Demat account.
 Step 2: Navigate to the IPO section and select " Crizac IPO."
 Step 3: Choose the number of shares and the price within the specified range.
 Step 4: Complete the UPI mandate or ASBA process to block the required funds.
 Step 5: Submit your application.

Financial Health and Performance

  • Key Financial Metrics:
    • Total revenue for FY 2023: ₹[●] million
    • Net Profit for FY 2023: ₹[●] million
    • Total Assets as of March 2023: ₹[●] million
  • Recent Performance and Growth Prospects:
    • Crizac has shown a steady increase in revenue due to its expanding online learning platforms.
    • The company’s focus on international markets and a growing student base contributes to its growth outlook.

Investment Risks and Opportunities

  • Potential Risks of Investing in the IPO:
    • The company has no prior listing history, so market fluctuations could affect stock prices post-IPO.
    • Operational risks due to dependency on educational programs that may face stiff competition.
  • Opportunities and Growth Potential:
    • Growing demand for test preparation and online learning provides Crizac with ample growth opportunities.
    • Expansion into international markets, especially in regions with increasing education needs.

Crizac IPO Registrar

Registrar

Link Intime India Private Limited

Contact Person

Shanti Gopalkrishnan

Email

crizac.ipo@linkintime.co.in

Phone

+91 810 811 4949

 Crizac IPO Lead Managers

Lead Manager

Contact Details

Equirus Capital Private Limited

crizac.ipo@equirus.com, +91 22 4332 0734

Anand Rathi Advisors Limited

ipo.crizac@rathi.com, +91 22 4047 7120

Conclusion

Crizac IPO presents an opportunity for investors looking to enter the booming education sector. The company's growth potential, coupled with a solid market presence, makes it an attractive proposition. However, investors should assess the risks before making any investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What is the Crizac IPO date & price?

Answer Field

The IPO dates and price band for the Crizac IPO are TBA and will be announced closer to the opening date.

What is the Crizac IPO and why is it significant?

Answer Field

The Crizac IPO is a public offering aimed at providing liquidity for its shareholders and increasing market visibility. It marks the company’s transition to becoming publicly listed on NSE and BSE.

What is the price band for the Crizac IPO, and how was it determined?

Answer Field

The price band for the Crizac IPO is TBA and will be set based on market demand and regulatory approvals. It will be announced closer to the IPO opening.

What are the key risks and rewards of investing in the Crizac Limited IPO?

Answer Field

Key rewards include the potential for growth due to the expanding education sector, while risks involve market volatility and competition within the industry.

When will the Crizac IPO shares be listed?

Answer Field

The listing date for the Crizac IPO shares is TBA and will be announced once the IPO closes and the allotment process is complete.

What documents should I review before investing in the Crizac IPO?

Answer Field

Investors should review the Draft Red Herring Prospectus (DRHP), financial reports, and any disclosed risk factors to make an informed decision.

Will Crizac IPO pay dividends?

Answer Field

Dividend payments post-IPO will be TBA and dependent on the company’s financial performance and board decisions. Investors should refer to the company’s dividend policy for more details.

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