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CRIZAC IPO

CRIZAC LIMITED

IPO Doc

Start Date02-07-2025

Application Timing10am-5pm

Price Range₹233 - ₹245

Min Qty61

Min. Investment₹14213

Listing DateNA

Close Date04-07-2025

About CRIZAC LIMITED

Crizac Limited, incorporated in 2011, is a leading B2B education platform that connects global educational institutions with recruitment agents across multiple countries. The company specializes in international student recruitment solutions for institutions based in the UK, Canada, Ireland, Australia, and New Zealand. Leveraging a proprietary technology platform, Crizac processed over 5.95 lakh student applications for more than 135 global institutions by the end of September 2024.

With a vast network of 7,900+ registered agents, including 2,532 active agents in FY24, Crizac has built a robust presence in over 25 countries such as the UK, Nigeria, Pakistan, Bangladesh, Nepal, Ghana, and Kenya. The company employs 329 professionals and 10 consultants, offering deep expertise in international education services.

Why To Invest in CRIZAC LIMITED

Strong Global Network: Crizac operates with 7,900+ registered agents globally and served over 135 institutions across five major international education destinations.

Consistent Financial Growth: Revenue increased by 16% and PAT rose by 29% in FY25 vs FY24, reflecting strong business fundamentals.

Asset-Light Model: With minimal debt (?0.08 Cr), the company has a debt-free balance sheet and impressive Return Ratios ROE: 30.24%, ROCE: 40.03%.

Attractive Margins: Strong EBITDA margin of 25.05% and PAT margin of 17.28% demonstrate operational efficiency.

High Growth Potential: As global demand for international education surges, Crizac’s scalable tech platform and global footprint position it well for future growth.

No Dilution Risk: As this IPO is purely an Offer for Sale (OFS), there is no change in shareholding post-issue.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	879.62	592.91	304.99
Profit After Tax	152.93	118.90	112.14
EBITDA	212.82	72.64	107.29
Net Worth	505.71	341.81	221.37
Total Borrowing	0.08	0.08	0.08

Strengths And Risks

Proprietary Tech-Enabled Platform: Crizac operates through a robust and scalable proprietary technology platform, enabling efficient processing of student applications and seamless coordination with global agents and institutions.

Wide Global Reach: With a presence in over 25 countries and a strong network of 7,900+ registered agents, Crizac has established itself as a major international player in the student recruitment ecosystem.

Strong Financial Performance: The company has demonstrated consistent growth in both revenue and profitability. With zero debt on the books and increasing margins, Crizac maintains a financially sound and growth-oriented business model.

Experienced and Diverse Team: Crizac’s workforce of 329 employees and a network of 10 consultants bring vast experience in international education, enhancing service quality and client trust.

Impressive Return Ratios: The company reports solid return metrics such as ROE of 30.24% and ROCE of 40.03%, indicating efficient capital utilization and strong operational performance.

No Fresh Capital Inflow: Since the IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds, limiting its ability to use IPO funds for expansion or strategic initiatives.

Dependence on Global Institutions: The business model heavily relies on the policies and partnerships with international universities. Any disruption or policy change can directly affect operations and revenues.

Regulatory and Geopolitical Sensitivity: Changes in immigration laws, international student visa rules, or geopolitical issues in key destination countries may impact business continuity and student flows.

Valuation Concerns: At a P/E of 28.03 and a Price-to-Book Value of 8.48, the IPO appears richly valued, which may raise caution among value-focused investors.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
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Sharing of trading credentials i.e. login id & passwords including OTP’s is prohibited.
Trading in leveraged products like options without proper understanding could lead to losses. Please trade at your own risk.
Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
Dealing in unsolicited tips through WhatsApp, Telegram, YouTube, Facebook, SMS, calls, etc should be avoided.
Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month

Advisory – KYC Compliance:

All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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CRIZAC IPO

About CRIZAC LIMITED

Why To Invest in CRIZAC LIMITED