🧾 IPO Snapshot
- IPO Period: July 2–4, 2025
- Price Band: ₹233–245, lot size 61 shares (~₹14,945 minimum)
- Issue Size: ₹860 cr (entirely Offer for Sale by promoters)
- Allotment & Listing: Allotment likely July 7; listing on BSE/NSE July 9
💸 Grey Market Premium (GMP) Insights
- ₹21 premium on Day 1 → suggests ~9% listing gain to ₹266
- Other sources report GMP rising to ₹22–30, implying ~12% upside (₹270–₹280)
- Business Standard notes 8.5% premium (~₹266) business-standard.com
- Mint reports a stable ₹12 GMP post-anchors, but recent data shows higher levels
📊 Key Factors Behind GMP
- Robust Growth
- Revenues surged from ₹274 cr (FY23) to ₹849 cr (FY25) — CAGR 76%; PAT ₹152 cr (~18% margin)
- Anchor Investor Confidence
- ₹258 cr raised at ₹245 band, backed by big names like SocGen, Allianz, ICICI Prudential
- Unique B2B Global EdTech Model
- Asset-light platform with scalable networks across UK, Canada, ANZ; strong analyst backing
Should You Apply?
| Investor Type | Recommendation |
|---|---|
| Short-term traders | ✅ GMP indicates ~10–12% listing gain—decent opportunity |
| Long-term investors | ⚠️ Strong fundamentals but monitor visa/regulatory risk in key markets |
| Risk-averse individuals | ⚠️ GMP is informal—could swing due to sentiment changes |
❓ FAQs
Q1: What is GMP and how reliable is it?
- GMP is unofficial premium based on grey-market trades. Points to listing sentiment, not guaranteed. Current GMP ranges from ₹21 to ₹30. moneycontrol.com+4m.economictimes.com+4economictimes.indiatimes.com+4
Q2: Why such a high GMP?
- High growth, solid margins, and backing by anchor investors signal investor confidence.
Q3: When will Crizac list?
- Bidding ends July 4; allotment likely July 7; listing on July 9 on both NSE & BSE. m.economictimes.com+5livemint.com+5businesstoday.in+5
Q4: Any major risks?
- Dependence on few global universities, regulatory shifts in target countries like UK/Canada. businesstoday.in+4m.economictimes.com+4financialexpress.com+4
Q5: What listing price to expect?
- With ₹22–30 GMP on ₹245 band, projected listing price = ₹267–275 (9–12% upside).
📢 Disclaimer
For informational purposes only. Grey market figures are speculative and not guaranteed. Please consult a certified financial advisor before making investment decisions
