Overview

• The Rs 860 crore IPO by Kolkata-based Crizac, a B2B education services firm, was structured as a pure promoter offer-for-sale with no fresh issue of shares.
• Shares were priced at Rs 233–245 each, carrying a face value of Rs 2.
• Bids for 154.6 million shares against 2.58 million on offer led to a 59.82-times subscription overall.
• Qualified institutional buyers subscribed 134.35×, non-institutional investors 76.15× and retail investors 10.24×.
• Allotment will be finalized on July 7 and shares will list on the NSE and BSE on July 9.