Crizac IPO listing date in focus. Here’s what latest GMP signals about debut of shares

Market Set for July 9 Debut

Crizac Limited is poised for its public market debut on Wednesday, July 9, 2025, when its shares will begin trading on both BSE and NSE . Following a strong subscription cycle from July 2–4, and issue allotment processed on July 7, investors now await listing day with keen interest.

GMP Trends Signal Solid Listing Gains

Grey Market Premium (GMP) trends ahead of listing day indicate a healthy listing pop:

• Mint reports a GMP of ₹31, suggesting a listing price around ₹276 (+12.7%) .

• Financial Express notes the premium has ranged between ₹35–39, projecting a listing around ₹280 (+14.3%) .

• Business Standard puts GMP near ₹32, implying a listing around ₹277 (+13%) .

• Economic Times and NDTV Profit highlight GMP at ₹40–43 (+16%–17.5%), estimating a debut between ₹285–₹288 .

While GMP provides a pulse on grey‑market sentiment, it remains an unofficial indicator and is subject to market variability.

Subscription Strength Underpins Momentum

Crizac’s ₹860‑crore IPO—an entirely offer‑for‑sale by promoters—saw strong demand across investor categories:

• Overall oversubscription: ~59.8× 

• QIB segment: 134.3×

• NII: 76.1×

• Retail: 10.2×

This robust appetite indicates high investor confidence in the company’s business prospects and valuation.

Analyst Views: Growth Story with Risk Factors

Background & growth metrics:
Founded in 2011, Crizac is a B2B education‐services provider, connecting global universities (UK, Canada, ANZ, Ireland) with students via a proprietary platform and network of 10,000+ agents .

Between FY23–FY25, revenues surged from ₹274 cr to ₹849 cr (CAGR 76%); profits grew from ₹110 cr to ₹152 cr with net margin ~18%, marking a debt‑free balance sheet—valued at ~28× FY25 P/E .

Analyst commentary:

“Crizac combines digital platform scale, a rising global‑education trend, and disciplined financial performance—elements that long‑term investors typically prize,” noted Canara Bank Securities .

Brokerages observe significant growth in outbound student volumes and distinctive positioning vis‑à‑vis listed peers like IndiaMART .

Risks & caveats:

• High dependency on key client universities; loss may dent performance .

• Regulatory tightening in core markets (UK, Canada) could disrupt student inflows .

• Grey market indicators may not reflect actual listing performance.

Investor Outlook: Weighing Gains and Long-Term Potential

Listing day strategy:
Retail investors are eyeing a listing pop of 12–17%, possibly listing between ₹275–₹290 based on GMP. For short-term gains, this window is enticing—but GMP shifts can alter outcomes.

Long-term thesis:
Crizac offers a compelling growth play:

• Exposure to a booming outbound education market

• Scalable tech plus agency interface

• Strong financials and no leverage

The long-term investment appeal hinges on managing regulatory risks and sustaining growth in higher-education partnerships.

Caution for investors:
Beyond listing day, success will depend on quarterly performance, market share retention, and resilience to visa-policy developments in target geographies. A disciplined approach—balancing listing gains with strategic holding—is advisable.