Crizac Limited IPO

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Crizac Limited is a leading B2B education platform offering international student recruitment solutions to global institutions of higher education across the United Kingdom, Canada, Republic of Ireland, Australia, and New Zealand. Its core strength lies in sourcing student applications from India to the UK, built on long-standing relationships with prestigious UK universities.

Business Model & Services

a) Connects global educational institutions with a wide network of student recruitment agents.

b) Offers tech-enabled, end-to-end recruitment solutions — from student application processing to institutional marketing.

c) Provides brand management, admissions office management, and targeted marketing support to select partner institutions.

Global Reach

Crizac Limited has a robust global presence, operating in over 75 countries through a network of 10,362 registered agents as of March 31, 2025. In FY25, 3,948 of these agents were active, with approximately 43% located outside India. The company maintains co-primary operations in India and the United Kingdom, supported by consultants in key international markets such as Cameroon, China, Ghana, and Kenya, ensuring broad-based student recruitment capabilities.

It Collaborates with over 173 global institutions of higher education. Notable partners include:

University of Birmingham, University of Surrey, Coventry University
– University of Greenwich, University of Portsmouth
– Dundalk Institute of Technology, among others

Technology Platform

A proprietary digital platform seamlessly connects agents, students, and universities. It also Supports document uploads, student profiling, and centralized application review. Key features include:

i) Real-time application tracking
ii) Agent performance ratings
iii) Eligibility filtering and automation
iv) Admission deadline alerts and institutional updates

Competitive Strengths

i) Market leader in India–UK student recruitment
ii) Vast agent network spanning 75+ countries
iii) Long-standing partnerships with global institutions (20+ over 5 years)
iv) Scalable, cloud-based technology platform enhancing speed and accuracy
v) Proven financial and operational performance, with sustained global expansion

Objects of the Crizac Limited IPO:

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

Crizac Limited IPO Details:

Open Date: Jul 02 2025
Close Date: Jul 04 2025
Total Shares: 3,51,02,040
Face Value: ₹ 2 Per Equity Share
Issue Type: Book Building
Issue Size: 860 Cr.
Lot Size: 61 Shares
Issue Price: ₹ 233-245 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

1. Dr. Vikash Agarwal, aged 47, is the Chairman, Managing Director, and Promoter of the Company. He holds a Bachelor of Technology degree in Textile Technology from Maharshi Dayanand University, Rohtak, and a Doctor of Philosophy from Heriot-Watt University. He previously served as a Director at Gateway Abroad Ltd. in 2005 and is currently a Director at Crizac Ltd. Dr. Agarwal brings over 20 years of experience in the education consultancy industry. 2. Mr. Manish Agarwal, aged 44, is the Whole-Time Director, Chief Financial Officer, and Promoter of the Company. He is a qualified Chartered Accountant and holds a certificate of membership from the Institute of Chartered Accountants of India. Associated with the Company since 2011, he possesses 14 years of experience in the education consultancy industry. 3. Ms. Pinky Agarwal, aged 42, is a Non-Executive Director and Promoter of the Company. She holds a Bachelor of Commerce (Honours) degree from Sambalpur University. She currently serves as a Director on the board of UCOL Services Private Limited (formerly Web Stylio Private Limited and UCOL Education Services Private Limited) and has been associated with the Company since 2011. She has 14 years of experience in the education consultancy sector.

Financials of Crizac Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Crizac Limited IPO:

  1. Equirus Capital Private Limited

Registrar of Crizac Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Crizac Limited IPO:

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