Crizac IPO Subscription Status
Crizac IPO closed on 4 July 2025 with an overall subscription of 62.89x based on shares applied. QIB demand came in at 141.27x, NII at 80.03x, and retail at 10.60x.
Allotment will be finalised on 7 July 2025. The stock is scheduled to list on NSE and BSE on 9 July 2025.
Issue Price
Rs 245.00
GMP Today
Rs 41.50 (+16.94%)
Overall Subscription
62.89x
Issue Size
₹860.00 Cr
Allotment Date
7 Jul 2025
Listing Date
9 Jul 2025
Crizac IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 245.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 172.00 Cr | Rs 24,297.87 Cr | 141.27x |
| NII | Rs 129.00 Cr | Rs 10,323.36 Cr | 80.03x |
| sNII (Rs 2L to Rs 10L) | Rs 43.00 Cr | Rs 2,329.83 Cr | 54.18x |
| bNII (above Rs 10L) | Rs 86.00 Cr | Rs 7,993.53 Cr | 92.95x |
| Retail | Rs 301.00 Cr | Rs 3,189.46 Cr | 10.60x |
| Total | Rs 602.00 Cr | Rs 37,810.69 Cr | 62.81x |
Crizac IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 70,20,407 | 99,17,49,956 | 141.27x |
| NII | 52,65,306 | 42,13,61,587 | 80.03x |
| sNII (Rs 2L to Rs 10L) | 17,55,102 | 9,50,95,096 | 54.18x |
| bNII (above Rs 10L) | 35,10,204 | 32,62,66,491 | 92.95x |
| Retail | 1,22,85,714 | 13,01,82,113 | 10.60x |
| Total | 2,45,71,427 | 1,54,32,93,656 | 62.81x |
What Do These Subscription Numbers Mean?
A subscription of 62.89x by shares means the IPO received bids for 63 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 141.27x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 141.27x, it reflects serious institutional conviction.
NII at 80.03x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 10.60x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Crizac IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 10.60x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 54.18x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 92.95x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Crizac IPO Allotment Status page from 7 July 2025 for your allotment result.
Crizac IPO GMP After Subscription
GMP for Crizac IPO stands at Rs 41.50 today, giving an estimated listing price of Rs 286.50 per share.
A subscription of 62.89x combined with a GMP of 16.94% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Crizac IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Crizac IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 2 Jul 2025 | 0.09x | 0.65x | 0.63x | 0.48x |
| Day 2 - 3 Jul 2025 | 0.16x | 6.61x | 2.86x | 2.89x |
| Day 3 - 4 Jul 2025 | 141.27x | 80.03x | 10.60x | 62.81x |
Crizac IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 2 July 2025 |
| IPO Close Date | 4 July 2025 |
| Allotment Date | 7 July 2025 |
| Refund Initiation | 8 July 2025 |
| Share Credit to Demat | 8 July 2025 |
| Listing Date | 9 July 2025 |
| Minimum Investment | Rs 14,945.00 |
| Lot Size | 61 shares |
About Crizac IPO
Crizac Ltd. is a leading B2B (business-to-business) education platform providing international student recruitment solutions to global institutions of higher education. The company connects agents with universities in key study-abroad destinations such as the United Kingdom (UK), Canada, the Republic of Ireland, Australia, and New Zealand.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Crizac IPO Subscription FAQs
What is Crizac IPO IPO subscription status today?
Crizac IPO IPO subscription closed on 4 July 2025 with overall subscription of 62.89x (by shares) as of 18 July 2026, 4:32 PM IST. QIB 141.27x, NII 80.03x, Retail 10.60x.
What is the overall subscription of Crizac IPO IPO?
Crizac IPO IPO is subscribed 62.89x overall by shares at close on 4 July 2025. QIB 141.27x, NII 80.03x, and Retail 10.60x.
What is Crizac IPO IPO QIB subscription?
Crizac IPO IPO QIB (Qualified Institutional Buyers) subscription is 141.27x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Crizac IPO IPO Retail subscription?
Crizac IPO IPO Retail subscription is 10.60x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Crizac IPO IPO NII subscription?
Crizac IPO IPO NII (Non-Institutional Investors) subscription is 80.03x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Crizac IPO IPO for retail?
Crizac IPO IPO retail share subscription is 10.60x. Application-wise data is needed for accurate lottery odds.
When is Crizac IPO IPO allotment date?
Crizac IPO IPO allotment date is 7 July 2025. Check Crizac IPO Allotment Status on IPOwiz from that day using your PAN.
When does Crizac IPO IPO subscription close?
Crizac IPO IPO subscription closed on 4 July 2025. No new applications are accepted after the close.
What is Crizac IPO IPO GMP today?
Crizac IPO IPO GMP is ₹42 today (+16.94% over issue price ₹245). See live GMP on the Crizac IPO GMP Today page.
What is Crizac IPO IPO issue price and lot size?
Crizac IPO IPO issue price is ₹245 per share. Lot size is 61 shares. Minimum investment is ₹14,945 per lot. Issue size: ₹860.00 Cr.
When is Crizac IPO IPO listing date?
Crizac IPO IPO listing date is 9 July 2025 on NSE and BSE. Allotment is on 7 July 2025.
How does subscription affect Crizac IPO IPO allotment?
Allotment odds in Crizac IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 62.89x overall, competition is very high.
For allotment results from 7 July 2025, visit the Crizac IPO Allotment Status page. For listing day updates on 9 July 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.