Overview

• Shares debuted at Rs 281.05 on the NSE and Rs 280 on the BSE, delivering premiums of 14.7% and 14.3% over the Rs 245 issue price.
• Pre-listing grey market premiums of Rs 40–45 per share had signaled potential gains of up to 17%, making the actual listing slightly below expectations.
• The fully promoter-driven offer-for-sale comprised 3.51 crore shares and raised Rs 860 crore, with no fresh equity issued.
• Investor appetite was robust with total subscription at 59.82 times, including 134.35× from QIBs, 76.15× from NIIs and 10.24× from retail bidders.
• Kolkata-based Crizac, founded in 2011, operates a B2B platform connecting over 10,000 education agents with universities in the UK, Canada, Ireland, Australia and New Zealand.