Crizac IPO opens today: What Anil Singhvi suggests for Rs 860 crore IPO offer?

The maiden Rs 860-crore IPO of Crizac opened for public subscription today (July 2, 2025). As of writing the copy at around 12:31 pm, the issue by the Kolkata-based education entity was booked 0.15 times.

The issue is a complete offer for sale (OFS) by the company's promoters with the price band of Rs 233-245 per shares. Investors can apply for a minimum of 61 shares, requiring an investment of Rs 14,945, and in multiples thereafter.

Company overview:

Crizac Incorporated in 2011, the company is one of the leading education platforms offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand.

Financials:

In FY25, the company posted a net profit of Rs 152.9 crore, while the free cash flow stood at Rs 187.5 crore. Margins at the company were at 25.1 per cent during the review period.

Here's what Zee Business Managing Editor Anil Singvi advises on the issue:

Positives of Crizac IPO

The market guru Singhvi has suggested subscribing to the issue for small listing gains. Further, he is of the view that Crizac carries reasonable valuations, neither cheap nor expensive. Furthermore, highlighting the several positives of the issue, the expert noted:

• The company shares a long-standing relationship with leading global educational institutions.
• Leading recruiter for the fastest-growing India-UK students' education.
• Widespread agent network
• Cash-rich, debt-free and positive cash flow company
• Impressive track record of revenue and profit growth. As against FY24's revenue at Rs 530.1 crore, the company's revenue in FY25 stood at Rs 849.5 crore.

Negatives

• IPO is completely an OFS with no money going to the company
• The company has a high dependence on a few global institutions.
• Change in visa rules is a big risk.
• Geopolitical tension is a bigger risk