asamarketplace.net<br>The price band for the IPO has been set between Rs 233 and Rs 245 per share.<br>
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Crizac Ltd., a provider of student recruitment solutions to education business, launched its preliminary public offering on July 2 to raise over Rs 850 crore.<br>asamarketplace.net
<br>The mainboard issue opened to a weak need from financiers on Wednesday. The IPO was subscribed only 46% on the very first day of bidding.<br>
<br>Despite the soft response up until now, the grey market premium for the general public issue acquired on Wednesday.<br>
<br>Crizac IPO GMP Today<br>
<br>The most recent grey market premium (GMP) for the Crizac IPO was Rs 31 per share since 1:34 p.m. on July 3. The most recent GMP suggests a listing price of Rs 276 apiece at a premium of 12.65%, compared to the upper limit of the cost band.<br>
<br>The GMP has more or less doubled because the IPO opened for membership on Wednesday. It was Rs 21 on July 2 and later reached Rs 32 before ending day 1 at Rs 39 per share.<br>
<br>Note: GMP does not represent official data and is based on speculation.<br>
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<br>About Crizac IPO<br>
<br>The Crizac IPO is a book-building concern worth Rs 860 crore. It makes up a totally offer-for-sale of 3.51 crore shares. The price band for the IPO has actually been set in between Rs 233 and Rs 245 per share.<br>
<br>Retail financiers can take part in the IPO by bidding for a single lot size of 61 shares, needing an investment of Rs 14,213. Small Non-Institutional Investors require to bid for 14 lots, up to a financial investment of Rs 2,09,230. Big Non-Institutional Investors can take part by bidding for at least 67 lots, totaling up to a minimum financial investment of Rs 10,01,315.<br>
<br>Of the 3,51,02,039 shares on deal, 70,20,407 (20.00%) are assigned to QIB, 52,65,306 (15.00%) to NII, 1,22,85,714 (35.00%) to RII and 1,05,30,612 (30.00%) to Anchor financiers.<br>
<br>Investors can invest in the IPO till July 4. The allotment of Crizac shares is proposed to be done on July 7. Successful bidders will receive shares in their demat accounts on July 8 and refunds for non-allottees will be processed on the same day.<br>
<br>Shares of Crizac are tentatively scheduled to be noted on the BSE and NSE on July 9.<br>
<br>Equirus Capital Pvt. is the book-running lead manager of the Crizac IPO. MUFG Intime India Pvt. is the registrar for the problem.<br>
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<br>Use Of Proceeds<br>
<br>The business will not get any funds from the IPO as it’s totally an offer-for-sale.<br>
<br>About Crizac Ltd.<br>
<br>. Crizac is a B2B education business. It is in the service of offering student recruitment options to global institutions of greater education in nations such as the UK, Australia and Canada. It was incorporated in 2011.<br>
<br>Disclaimer: Investments in going publics undergo market threats. Please speak with monetary advisors and check out the red herring prospectus thoroughly before putting bids.<br>
