The three-day subscription window for the initial public offering (IPO) of Crizac Limited entered its final day today, July 4. As of 1:36 pm, the Rs 860 crore offer has been subscribed 16.79 times, with bids received for 43,36,75,230 shares against 2,58,36,909 shares on offer, according to provisional data on the BSE.

Non-Institutional Investors (NIIs) continue to lead the subscription with a whopping 38.87 times demand, having placed 21,52,12,880 bids for 55,36,481 shares.

Retail Individual Investors (RIIs) have subscribed 6.09 times, with 7,86,64,380 bids placed for 1,29,18,455 shares. Qualified Institutional Buyers (QIBs) have also shown strong interest, subscribing 18.94 times with 13,97,97,970 bids received for 73,81,973 shares reserved for the category This marks a significant jump from Day 2, when the issue had been subscribed 2.75 times.

Also Read:Crizac IPO Day 2: Issue subscribed 2.75 times; HNI, retail portions lead 

Crizac IPO Details: Price band, issue size, key dates

• Price band: Rs 233 to Rs 245 per share
• Issue size: Rs 860 crore (complete offer for sale)
• IPO open: 2 July 2025
• IPO close: 4 July 2025
• Listing date: Likely on Wednesday, 9 July 2025 on BSE and NSE
• Lead Managers (BRLMs): Equirus Capital and Anand Rathi Advisors
• Registrar: MUFG Intime India

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

What does Crizac do?

Incorporated in 2011, Crizac Limited is a B2B education platform that partners with agents and global institutions to offer international student recruitment solutions. The company operates in key higher education markets such as the United Kingdom, Canada, Ireland, Australia, and New Zealand (ANZ).

As of 30 September 2024, Crizac had sourced student applications from over 75 countries through its proprietary platform. The company has processed more than 5.95 lakh applications and collaborates with over 135 global institutions of higher education.