Krizak Limited is preparing to launch its Initial Public Offer (IPO) on Wednesday, July 2, 2025. The company has set a price band for its equity shares at Rs. 233 to Rs. 245 each. The offer will close on Friday, July 4, 2025. Investors can bid for a minimum of 61 shares, and bids can be made in multiples of 61 shares thereafter.
This IPO will be a complete offer for sale, with shares being sold by current promoters Pinky Agarwal and Manish Agarwal, amounting to Rs. 723 crore and Rs. 137 crore, respectively. Krizak Limited serves as a B2B education platform that connects international students with higher education institutions in countries like the UK, Canada, Ireland, Australia, and New Zealand.
Over the past three financial years, Krizak has processed over 711,000 student applications, collaborating with more than 173 higher education institutions primarily in the UK, Ireland, Canada, and the USA. The company has established a network of 2,237 active agents in India and around 1,711 active agents across 39 countries, including the UK, Nigeria, Pakistan, Bangladesh, Nepal, Sri Lanka, Cameroon, Ghana, Kenya, Vietnam, Canada, and Egypt.
Some of the prominent universities Krizak has worked with include Birmingham University, Surrey University, Sunderland University, Nottingham Trent University, and several others. Krizak is headquartered in India and has operational bases in London, UK, and various other countries, including Cameroon, China, Ghana, and Kenya. As of March 31, 2025, the company employed 368 staff members and had a team of 12 advisors.
The company has seen a significant increase in revenue, with income from its educational advisory services rising from Rs. 634.87 crore in the financial year 2024 to Rs. 849.49 crore in the financial year 2025, a growth of 33.81%. The net profit also grew from Rs. 118.90 crore in the financial year 2024 to Rs. 152.93 crore in 2025, an increase of 28.62%.
The IPO is being managed by Equirus Capital Private Limited and Anand Rathi Advisors Limited as book-running lead managers. MUFG Intime India Private Limited is the registrar for the issue. The offer will follow a book-building process, with 50% of the offer reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail individual bidders.
This IPO is seen as a significant opportunity for investors looking to enter the growing education sector, especially with the increasing demand for international education services. Krizak’s strong network and established presence in the market position it well for growth in the coming years. Investors are encouraged to consider this offer as it opens up on July 2, 2025.
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