Crizac IPO GMP Price Today: Day 2 subscription; check latest grey market premium, price band, allotment date
Crizac Limited’s initial public offering (IPO) has entered its second day with growing enthusiasm from retail and non-institutional investors. The issue, which opened on July 2, 2025, has witnessed a steady rise in demand, leading to full subscription by mid-Day 2. With a price band set between ₹233 to ₹245 per share, Crizac’s IPO is drawing attention not only for its market positioning but also for its grey market performance.
📊 IPO Overview: Price Band and Key Details
Crizac is offering shares in the price band of ₹233–₹245. The lot size is fixed at 600 shares, translating into a minimum investment of approximately ₹147,000 for retail participants. The IPO aims to raise around ₹150 crore through a fresh issue, with no offer-for-sale (OFS) component, indicating that the company intends to use the capital for growth rather than allowing early investors to exit.
The subscription window remains open till July 4, 2025, with allotment expected on July 7, and listing likely to occur by July 9, subject to final confirmations.
📈 Day 2 Subscription Status: Investors Show Strong Interest
As of mid-Session on Day 2, Crizac’s IPO has seen strong momentum in subscription figures:
- Retail Individual Investors (RIIs): Oversubscribed by 1.3x–1.4x
- Non-Institutional Investors (NIIs): Subscribed over 1.7x–2.0x
- Qualified Institutional Buyers (QIBs): Still cautious, with minimal bids at around 0.10x
- Overall Subscription: Crossed 1.08x, indicating full subscription well before closing
The active interest from the retail and NII categories signals growing confidence in the company’s fundamentals and future prospects. While QIB participation remains lukewarm for now, it’s not uncommon for institutional investors to make large bids on the final day of the issue.
💹 Grey Market Premium (GMP) Rises Sharply
One of the most discussed indicators of market sentiment around any IPO is the Grey Market Premium (GMP), and in Crizac’s case, it has shown a substantial increase. On Day 1, the GMP hovered around ₹22–₹25. However, by the afternoon of Day 2, the premium spiked to ₹36–₹39.
This means that Crizac shares are being traded in the unofficial grey market at ₹281–₹284, a solid 15–16% premium over the upper price band of ₹245. Such a sharp jump in GMP reflects optimistic expectations of listing gains.
While GMP is unofficial and speculative, it often acts as a barometer of retail sentiment and potential listing day performance.
🏢 About Crizac Limited: A Glimpse Into the Company
Crizac Limited is engaged in providing international education services, acting as a bridge between Indian students and reputed global universities. The company has a growing presence in regions like the UK, Australia, and Canada. It offers counselling, admission assistance, visa support, and language training.
What sets Crizac apart is its focus on student-centric digital tools and academic partnerships, helping it position itself as a trusted brand in a competitive market. With India’s overseas education sector expected to grow exponentially in the coming years, Crizac appears well-positioned to capitalize on this trend.
The funds raised through this IPO will be allocated towards expansion of infrastructure, investment in technology platforms, and hiring of trained staff, as per the red herring prospectus (RHP).
📅 Important Dates to Remember
| Event | Date |
|---|---|
| IPO Closing Date | July 4, 2025 |
| Basis of Allotment Finalized | July 7, 2025 |
| Refund Initiation | July 8, 2025 |
| Shares Credited to Demat | July 8, 2025 |
| Expected Listing Date | July 9, 2025 |
Investors can check the allotment status on the registrar’s website using their PAN, application number, or Demat ID after July 7.
🤔 Should You Apply for the Crizac IPO?
While every IPO carries its own risk, there are several positive signals in Crizac’s case:
- Strong GMP of ₹39 indicates market optimism
- No OFS component suggests promoter confidence in long-term growth
- Full subscription on Day 2 shows healthy investor interest
- The company operates in the booming overseas education sector
However, prospective investors should also consider risks such as limited operating history, dependence on student inflow to specific countries, and regulatory uncertainties in the global education space.
🧠 Final Thoughts
Crizac’s IPO has managed to capture the attention of retail and HNI investors, especially with its promising GMP and strong subscription numbers by Day 2. While QIB participation is yet to gain momentum, the overall picture looks favorable. The real test will be how the IPO closes on Day 3 and how listing day unfolds, especially if the grey market momentum holds.
For retail investors eyeing listing gains, Crizac offers an exciting, albeit calculated, opportunity. Those looking for long-term value may find Crizac’s niche in international education an attractive growth story, but should dive deeper into the financials before making a commitment.
