Crizac shares jump 5%, newly-listed stock rallies 32% from IPO price in two days

Crizac share price

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26 Aug, 2025 12:21

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Crizac shares gained over 5 percent on July 10, a day after the stock debuted on the stock markets. The newly-listed stock is currently over 32 percent higher than its IPO price.

Crizac shares had listed at Rs 281 apiece on NSE on July 9, marking a premium of nearly 15 percent over its IPO price of Rs 245 apiece. The shares of the student recruitment solutions provider then rallied 9 percent to end the debut session at Rs 306 apiece.

The newly-listed stock continued to record strong gains for its investors, with shares trading at Rs 324 apiece in the morning on July 10.

The Rs 860-crore IPO of Crizac saw strong investor interest during its three days of public bidding. The maiden public issue of the Kolkata-based education company was subscribed 59.82 times between July 2 and July 4. The company set a price band of Rs 233-245 per share for the IPO which entirely comprised an offer for sale by the existing promoters of the company.

A day before the IPO opened for public bidding, the international student recruitment solutions provider raised Rs 258 crore from 19 institutional investors through its anchor book on July 1. The company in its filing to exchanges said that it has finalised allocation of 1.05 crore equity shares to anchor investors at a price of Rs 245 per share.

Crizac will not receive any IPO money. All the funds, excluding issue expenses, will go to the selling shareholders - Pinky Agarwal, and Manish Agarwal.

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