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.