Crizac Limited IPO

Company Overview:

Incorporated in 2011, Crizac Limited provides international student recruitment solutions to institutions in countries such as:

• United Kingdom

• Canada

• Republic of Ireland

• Australia

• New Zealand

Operating on a B2B model, the company connects educational agents with over 173 global institutions using its proprietary technology platform. Key client institutions include:

• University of Birmingham

• University of Surrey

• Nottingham Trent University

• Coventry University

It has a strong India–UK student recruitment focus, driven by long-standing institutional partnerships.

Business Model Highlight

Crizac operates a scalable tech-enabled platform that facilitates smooth coordination between students, agents, and institutions. Their platform helps institutions craft custom recruitment strategies while giving students streamlined access to quality global education.

Key Strengths

• Strong B2B positioning in international student recruitment, especially India–UK

• Long-term partnerships with 170+ global institutions, contributing over 70% of revenue

• Large and active agent network spanning 39+ countries

• Scalable proprietary technology platform

• Promoters with deep domain expertise and a skilled global team

  
  

Risks to Watch

• High dependence on a few institutions for major revenue share

• Dependency on non-exclusive agents, which may shift or disengage

• Loss or non-renewal of institutional tie-ups could affect future growth

• Geographic concentration with over 95% of revenue from the UK

• Proforma financials may not reflect actual or future performance

• Regulatory or visa-related changes could impact student flow and revenue
  

Crizac IPO Key Details

• IPO Dates: 2nd July to 4th July 2025

• Price Band: ₹233 to ₹245 per share

• Lot Size: 61 shares

• Total Issue Size: ₹860 Crores

• Retail Quota: 35%

• GMP: ~10% (Only for Information)

Allotment Link

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