Today marks the final opportunity to subscribe to the CRIZAC Limited IPO, with investors eagerly awaiting allotment and listing dates.
Last Chance to Subscribe Today
If you’re looking to invest in the CRIZAC Limited Initial Public Offering (IPO), today, Friday, July 4, is your last day to subscribe. The Rs 860-crore IPO opened for subscription on July 2.
As of 10:02 am today, the IPO has already seen significant interest. Investors have placed bids for 70,951,174 shares, exceeding the 25,836,909 shares on offer.
Subscription Status So Far
The CRIZAC IPO has been well-received by various investor categories. By Thursday, the overall subscription stood at 2.75 times.
Non-institutional investors (NIIs) showed strong interest, subscribing 6.28 times their allotted portion. Retail Individual Investors (RIIs) also participated actively, with their segment getting subscribed 2.71 times.
Qualified Institutional Buyers (QIBs) have subscribed to 15% of their allocated shares as per PTI reports.
Understanding the Price Band
CRIZAC Limited has set its IPO price band between Rs 233 and Rs 245 per share. This is the range within which investors can bid for the company’s shares.
When to Check Allotment Status
The finalization of the CRIZAC IPO allotment is expected on July 7. Once finalized, you can check your allotment status online.
The official registrar for the IPO, MUFG Intime India Private Limited, will host the status on their website. Additionally, the allotment status will also be available on the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Anticipating the Listing Day
CRIZAC Limited’s shares are set to make their debut on the stock exchanges soon. The proposed listing will take place on both the NSE and BSE.
Investors can expect the shares to be listed around July 9, making it an important date for those who have subscribed to the IPO.
Key Details: Face Value and Managers
Each equity share of CRIZAC IPO has a face value of Rs 2, with a tick size of Re 1. Managing this IPO are the book-running lead managers: Equirus Capital Private Limited and Anand Rathi Advisors Limited.
HDFC Bank Limited and ICICI Bank Limited are serving as the sponsor banks for the offering, ensuring smooth financial operations related to the IPO.
About CRIZAC Limited
CRIZAC Limited is a Kolkata-based company operating as a B2B education platform. They specialize in offering international student recruitment solutions to global institutions of higher education.
Their services cater to institutions in countries like the UK, Ireland, Canada, Australia, and New Zealand, connecting them with prospective students worldwide.
- Today, July 4, is the last day for CRIZAC IPO subscription.
- Allotment status is expected to be finalized on July 7.
- Shares are likely to be listed on NSE and BSE around July 9.
- The IPO price band is Rs 233-245 per share.
Stay tuned for more updates as CRIZAC Limited prepares to list on the stock market.
