To apply for the Crizac IPO, investors can use either the UPI-based application method through a stockbroker or the ASBA (Application Supported by Blocked Amount) facility via their bank’s net banking portal. For UPI applications, investors need to log in to their broker’s platform, select the Crizac IPO, enter the bid details, and confirm the mandate request through their UPI app before the cut-off time. In the ASBA method, investors must log in to their net banking account, navigate to the IPO section, choose Crizac IPO, fill in the necessary details such as lot size and bid price, and submit the application. The respective bank will block the application amount until the allotment process is completed. The IPO is open for subscription from July 2 to July 4, 2025. Retail investors must ensure that their PAN, Demat account, and bank details are correctly linked and active for a smooth application process.
For complete details on this public offering, visit the Crizac IPO page on Bajaj Broking’s website.
Crizac IPO Application Process
The Crizac IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using Bajaj Broking’s app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Crizac IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (minimum lot size: 1200 shares) within the price band of ₹115 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorization and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Additional Read: Crizac IPO Investment Guide: Objectives & Opportunities
About Crizac IPO: Overview and Key Facts
Crizac Limited, active since 2011, is launching its first public offering via an offer-for-sale (OFS) of 3.51 crore equity shares, aggregating up to ₹860 crore. Pricing is set between ₹233 and ₹245 per share (with a face value of ₹2). The IPO opens on July 2, 2025, and closes on July 4, 2025, with a minimum bid of 61 shares (total investment around ₹14,945 at cut-off). The final allotment is expected by July 7, followed by refunds and credit of shares on July 8, and tentative listing on BSE and NSE by July 9. Retail investors are entitled to a minimum 35% of the offer, while non-institutional investors get at least 15%, and institutional bidders up to 50%, as per offer structure.
Operating as a B2B platform, Crizac connects agents to higher education institutions in the UK, Canada, Ireland, Australia, and New Zealand. Through its proprietary technology platform, the firm processed nearly 6 lakh student applications from over 75 countries for more than 135 global institutions by September 2024. The agent network has grown to about 7,900 registered globally, with 2,532 actively involved in FY 2024—nearly 40% of these agents are based outside India across over 25 countries. The organization also maintains a workforce of over 329 employees and ten international consultants, further enhancing its global footprint.
Crizac reported a consolidated revenue of ₹884.78 crore for FY 2025, up from ₹763.44 crore in FY 2024, with profit after tax rising to ₹152.93 crore (a 29% increase). Key metrics as of March 31, 2025, include ROE at 30%, ROCE at 40%, a PAT margin near 17%, EBITDA margin above 25%, and a pre-IPO EPS of ₹8.74—implying a P/E of around 28x at the upper price band. Despite robust growth, analysts note that the IPO is priced on the higher side compared to peers and that dependencies on key agents and institutions add potential risk. Investors are advised to weigh these factors before committing
To check your application status, visit the Crizac IPO Allotment Status page on Bajaj Broking’s website.