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Issue Open Date
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02-Jul-25
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Issue Closing Date
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04-Jul-25
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Application Money
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100
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Allotment Money
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Price Band
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233
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245
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Minimium Application No.
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61
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Issue Size (Shares)
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36909871
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Market Lot
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1
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Objective
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The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges; and (ii) carry out the Offer for Sale of up to [?] Equity Shares by the Selling Shareholders aggregating to ? 10,000.00 million. Further, our Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image as well as provide liquidity to our Shareholders and a public market for the Equity Shares in India.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are one of the leading education platforms offering international student recruitment solutions to globalinstitutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand(ANZ). Our Company has over the time built strong relationships with global institutions of higher education inthe United Kingdom, and we are one of the largest student recruitment solutions providers from India into theUnited Kingdom with a market share of close to 13.0% in terms of the number of students going from India to theUK to pursue higher education in the year 2023. (Source: F&S Report) For the 6 month period ended September30, 2023 and Fiscals March 31, 2023, March 31, 2022 and March 31, 2021, we sourced applications for enrolmentinto global institutions of higher education from over 72 countries through our agents globally who are registeredon our proprietary technology platform. During the 6 month period ended September 30, 2023 and Fiscals 2021,2022 and 2023, we processed over 3.82 lakh student applications while working with over 140 global institutionsof higher education. As of December 31, 2023, we have over 5,300 agents globally who are registered on ourproprietary technology platform and during Fiscal 2023, we had 1,819 active agents (i.e., agents to whom ourCompany has made payments during Fiscal 2023) (Active Agents) comprising 1,239 Active Agents in India andaround 32% Active Agents i.e., 580 Active Agents in over 20 countries overseas including United Kingdom,Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Kenya, Vietnam, Canada and Egypt.
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Promoter's Holding
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Total Share Capital
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174982500
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Offered to Public
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36909871
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
Wing A
3rd Floor
Constantia Building
11
Dr. U. N. Brahmachari Street
Shakespeare Sarani
Kolkata
,
West Bengal
,
700017
Phone :
033-35441515
Email :
info@crizac.com
Website :
www.crizac.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Anand Rathi Advisors Ltd.
Equirus Capital Pvt Ltd
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Promoters |
Manish Agarwal
Pinky Agarwal
Vikash Agarwal
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