Crizac IPO: Crizack Limited has raised ₹ 258 crore from 19 institutional investors through anchor book on 1 July, a day before its IPO opens. Crizac’s ₹ 860 crore IPO will open on 2 July and will close on 4 July. The company said in its filing to the exchanges that it has finalized an allotment of 1.05 crore equity shares at an anchor investors at a price of ₹ 245 per share. The allotment of IPO shares will be finalized by 7 July, and Crizac shares will be listed on exchanges on 9 July.
Crizac B2B is an education platform. The company offers solutions for admission of international students in global institutions of Higher Education in the United Kingdom, Canada, Republic of Ireland, Australia and New Zealand. Please tell that Crizac will not get any money from IPO. Except for the issue expenses, the shareholders who sell all the money will go to Pinky Aggarwal and Manish Aggarwal. Equirus Capital and Anand Rathi Advisors are working as a book running lead manager for this IPO.
These companies took part in the anchor book
Allianz Global Investors, Pinebridge Global Fund, Socie General, LC Pharos Multi Strategy Fund, ICICI Prudential Mutual Fund, Shamya Investment, Bandhan Mutual Fund, 360 Oone Equity Funds, Caron Amritakal Fund, Kotak Mahindra Life Insurance Company and Axis Max Life Insurance invested in the company through anchor book. The company said that, “Three mutual funds have applied through a total of five schemes.”
Full details of Crizac Limited IPO
Crizack Limited ₹ 860 crore IPO will open for subscription on July 2. Investors will be able to bid till 4 July for this issue. On July 9, the company shares will be listed on BSE and NSE. 3.51 crore shares will be sold in this IPO. This IPO will be completely offs. The price band of this IPO has been fixed at ₹ 233 – 245. Retail investors can do bidding for minimum for 61 shares. Investors will have to invest ₹ 14,945 for bidding.