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3d ago

Crizac IPO Allotment Nears Completion Ahead of July 9 Listing

Following today’s share allocation finalization, investors are betting on a Rs 288 debut on July 9

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CRIZAC IPO Allotment Live Updates: Crizac set its price band at Rs 245 per share (Image: Canva)
Crizac IPO allotment status

Overview

  • The Rs 860 crore IPO was structured entirely as an offer-for-sale of 3.51 crore shares by existing promoters, yielding no fresh funds for Crizac.
  • The issue was priced at Rs 233–245 per share and attracted a 62.89× overall subscription, led by QIBs at 141.27×, NIIs at 80.07× and retail investors at 10.74×.
  • Share allotment is scheduled to be finalized on July 7, with refunds and demat credits to follow on July 8.
  • Crizac shares are set to debut on the BSE and NSE on July 9 under the management of Equirus Capital and registrar MUFG Intime India.
  • Unofficial grey market premiums of Rs 43 signal potential listing gains of roughly 17.55% over the IPO’s upper price band.