Forward of the problem opening, the GMP is 9% over the problem worth.
Integrated in 2011, Crizac operates a B2B worldwide schooling platform that connects universities from the UK, Canada, Eire, Australia, and New Zealand with international scholar recruitment brokers.
It sources scholar purposes from over 75 nations through a proprietary know-how platform, leveraging a community of greater than 10,000 registered brokers.
The corporate has proven explosive progress, with whole earnings rising from Rs 274 crore in FY23 to Rs 849 crore in FY25 — a CAGR of 76%.
PAT jumped from Rs 110 crore to Rs 152 crore over the identical interval, with FY25 earnings per share at Rs 8.74 and web margins of 18%. Crizac operates debt-free and has sturdy money flows, indicating a wholesome stability sheet.On the higher finish of the worth band, the problem is valued at a P/E of 28x FY25 earnings and P/B of 9x, inserting it roughly in keeping with its solely comparable listed peer, IndiaMART, which trades at comparable multiples.The lot measurement for retail buyers is 61 shares, requiring a minimal funding of Rs 14,945. Excessive net-worth buyers should apply for no less than 14 heaps (854 shares), translating to Rs 2.09 lakh.
Assessment: Strong fundamentals meet international progress story
Analysts stated Crizac is uniquely positioned to profit from the sustained outflow of Indian college students to overseas universities, a market anticipated to the touch 2.5 million college students by 2030. Its B2B mannequin, concentrate on Tier-1 geographies, and scalable tech infrastructure make it a uncommon listed play within the worldwide schooling facilitation area.
Nevertheless, buyers should weigh the regulatory dangers. The UK and Canada, Crizac’s largest markets, have lately tightened scholar visa norms — a development that might stress future income progress.
“Crizac combines digital platform scale, a rising international schooling development, and disciplined monetary efficiency — parts that long-term buyers sometimes prize. Subscribe for long-term beneficial properties,” stated Canara Financial institution Securities.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Occasions)
