Crizac IPO Allotment Status 2025: How to Check Online

Updated on: Jul 4th, 2025

10 min read

Investing in an Initial Public Offering (IPO) like the Crizac Limited IPO can be an exciting opportunity. The Crizac IPO, a ₹860 crore book-built issue, has garnered attention with a subscription rate of 62.89 times at the end of the IPO.

The allotment is finalised on July 7, 2025, with shares listing on BSE and NSE on July 9, 2025. This article provides a step-by-step process to check the Crizac IPO allotment status online, along with details on the IPO, subscription status, and key investor considerations.

What is the Crizac Limited IPO?

Crizac Limited was established in 2011. It was a B2B education platform, especially specialising in international student recruitment solutions for global higher education institutions in

United Kingdom
Canada
Republic of Ireland
Australia
New Zealand

The company connects agents with institutions through a proprietary technology platform, processing over 7.11 lakh student applications from 75+ countries between FY23 and FY25, with a strong focus on recruiting Indian students to UK universities.

As of March 31, 2025, Crizac had 10,362 registered agents globally, with 3,948 active agents across 39 countries.

The Crizac IPO is a mainboard book-built issue aiming to raise ₹860 crore through an Offer for Sale (OFS) of 3.51 crore equity shares with a face value of ₹2 each. The IPO price band is set at ₹233–₹245 per share, with a minimum lot size of 61 shares, requiring a minimum investment of ₹14,213 (₹14,945 at the cutoff price) for retail investors.

The IPO opened for subscription on July 1, 2025, and closes on July 4, 2025, with shares proposed to list on BSE and NSE on July 9, 2025. The proceeds will go to the selling shareholders (promoters Dr. Vikash Agarwal, Pinky Agarwal, and Manish Agarwal), not the company.

The funds from the IPO will not be used by Crizac, as it is entirely an OFS. The primary objective is to enhance the company’s visibility and brand recognition through listing on stock exchanges.

What is an IPO Allotment?

An IPO allotment is the process of distributing shares to investors who applied during the subscription period. After the IPO closes on July 4, 2025, the registrar, MUFG Intime India Private Limited (formerly Link Intime), reviews applications and allocates shares based on demand, investor categories (Retail, QIB, NII), and availability.

The IPO is oversubscribed 62.89 times, and a lottery system is used for retail investors to ensure fair allocation. The allotment status indicates whether you received shares, the number allotted, or if no shares were allocated.

Crizac IPO Subscription Status

Investor Type	Multiple (times)	Shares Offered	Received bids	Total Amount (Rs Cr)
Qualified Institutions (QII)	141.27	70,20,407	99,17,49,956	24,297.87
Non-Institutional Buyers(NII)	80.07	52,65,306	42,15,96,010	10,329.10
bNII (bids above ₹10L)	92.95	35,10,204	32,62,66,491	7,993.53
sNII (bids below ₹10L)	54.32	17,55,102	9,53,29,519	2,335.57
Retail Investors	10.74	1,22,85,714	13,19,57,274	3,232.95
Total	62.89	2,45,71,427	1,54,53,03,240	37,859.93

When is the Crizac IPO Allotment Status Out?

The allotment for the Crizac IPO is finalised on July 7, 2025, as per SEBI guidelines mandating completion within one day of IPO closure for mainboard IPOs.

Investors can check their allotment status on or around this date via the registrar’s website (MUFG Intime), BSE, or NSE platforms. You may receive an email or SMS from BSE, NSE, or the registrar.

How to Check Crizac IPO Allotment Status?

You can check the Crizac IPO allotment status on three primary platforms: BSE, NSE, or the registrar’s website (MUFG Intime). You’ll need one of the following details:

PAN Number: Your 10-digit Permanent Account Number.
Application Number: The unique number from your IPO application, found in your broker’s email/SMS or application form.
Demat Account Number (DP/Client ID): The ID of your Demat account where shares will be credited.

If you don’t have these details, contact your broker or bank. Below are detailed steps for each platform.

Checking Crizac IPO Allotment Status on BSE

Visit the BSE Website:
- Open BSE India on your browser.
- Navigate to the “Investors” section and click “Status of Issue Application” or “IPO Allotment Status.”
Select the IPO:
- Choose “Equity” under “Issue Type.”
- Select “Crizac Limited” from the “Issue Name” dropdown.
Enter Your Details:
- Input your Application Number or PAN.
- Complete the captcha.
- Double-check details to avoid errors.
View the Status:
- Click “Search” or “Submit.”
- The page will display whether shares were allotted, the number of shares, or if no shares were allocated.
- Save a screenshot or note the details.

Tip: The BSE site is mobile-friendly but may experience high traffic. Use a stable internet connection and try during off-peak hours.

Checking Allotment Status on NSE

Visit the NSE Website:
- Open NSE India on your browser.
- Go to the “Investor Services” section and select “Check Application Status” or “IPO Bid Details.”
Select the IPO:
- Choose “Equity & SME IPO bid details.”
- Select “Crizac Limited” from the list of companies.
Enter Your Details:
- Input your Application Number or PAN.
- Complete any verification steps (e.g., captcha).
Check the Status:
- Click “Submit” to view whether shares were allotted and the quantity.
- Save the result for your records.

Tip: NSE’s platform is reliable but may load slowly during peak times. Check after July 7, 2025, if the IPO isn’t listed immediately.

Checking Allotment Status on MUFG Intime (Registrar’s Website)

MUFG Intime India Private Limited is the registrar for the Crizac IPO.

Visit the Registrar’s Website:
- Open MUFG Intime on your browser.
- Ensure you’re on the official site to avoid phishing.
Select the IPO:
- Find the IPO allotment section or dropdown list.
- Choose “Crizac Limited.”
- If not listed, check back on or after July 7, 2025.
Enter Your Details:
- Select one option: PAN, Application Number, or DP/Client ID.
- Enter the details and complete the captcha.
Check the Status:
- Click “Submit” or “Check Status.”
- The website will display whether shares were allotted and the quantity.
- Save the result for your records.

Tip: MUFG Intime is the most direct source. You may receive a direct link via SMS or email from the registrar.

Alternative Platforms for Allotment Status

Broker’s App or Website:

Log in to your broker’s platform.
Navigate to the IPO section or “Order History.”
Select “Crizac Limited” to view your application status.
Some brokers display allotment details or provide a link to MUFG Intime’s site.

Bank’s Net Banking:

Log in to your bank’s net banking portal if you used ASBA.
Go to “E-Services” or “Demat Services,” then select “IPO History” or “Allotment Status.”
Choose “Crizac Limited IPO” and enter your PAN or Application Number.

Depository Websites (NSDL/CDSL):

Log in to NSDL or CDSL.
Check your Demat account to see if shares have been credited by July 8, 2025.

Instructions for First-Time Users

If you’re new to IPOs, follow these steps:

Prepare Application Details: Have your PAN, Application Number, or DP/Client ID ready.
Access the Platform: Visit MUFG Intime, BSE, NSE, or your broker’s platform.
Select the IPO: Choose “Crizac Limited IPO” from the dropdown.
Enter Details: Input your details accurately and complete any verification.
Verify and Submit: Submit to view your allotment status.
Save the Result: Take a screenshot or note whether shares were allotted or if a refund is due.
Contact Support if Needed: Reach out to MUFG Intime or your broker with your application details if you face issues.

Troubleshooting Common Issues

Website Not Loading:
- Cause: High traffic on BSE, NSE, or MUFG Intime websites.
- Solution: Retry after a few minutes, use an alternative platform, or check during off-peak hours.
IPO Not Listed in Dropdown:
- Cause: Allotment may not be finalised while you are checking.
- Solution: Kindly wait until July 7, 2025, evening, or check the IPO prospectus for updates.
Invalid PAN or Application Number:
- Cause: Typographical errors or incorrect details.
- Solution: Verify details from your broker’s email/SMS or application form. Ensure the PAN is linked to your Demat account.
No SMS/Email Received:
- Cause: Delayed notifications or incorrect contact details.
- Solution: Check directly on MUFG Intime, BSE, or NSE. Update contact details with your broker.
App Not Working:
- Cause: Outdated app, compatibility issues, or network errors.
- Solution: Ensure a stable internet connection, update the app, or use the website.

Details on Refund Process

If no shares are allotted for you, the blocked amount from your ASBA application will be unblocked:

Timeline: Refunds are expected to be initiated on July 8, 2025, one day after allotment finalisation.
Process: MUFG Intime releases the blocked funds to your bank account. You’ll receive an SMS or email notification.
Delay in Refund: If funds aren’t unblocked by July 8, 2025, contact your bank or MUFG Intime
Use of Funds: Unblocked funds can be used for other investments or future IPOs.

Tip: Monitor your bank account statement to confirm the unblocking of funds.

Information on Share Listing Process

Listing Date: The Crizac IPO is tentatively set to list on BSE and NSE on July 9, 2025.
Share Crediting: Allotted shares will be credited to your Demat account by July 8, 2025.
Trading: Shares can be traded on BSE and NSE post-listing. Monitor the listing price and performance via BSE, NSE, or your broker’s platform.
Grey Market Premium (GMP): As of July 7, 2025, the GMP was ₹39, suggesting an estimated listing price of ₹284 (15.9% premium over the upper price band of ₹245). On July 4, the GMP was ₹21 (8.57% premium).

Note that GMP is speculative and not an official indicator.

Contact Information for Support

Registrar Contact Details:

Name: MUFG Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra
Email: crizac.ipo@linkintime.co.in
Phone: +91 22 4918 6200

Book-Running Lead Managers:

Equirus Capital Private Limited:
Address: 12th Floor, C Wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai 400013, Maharashtra
Email: crizac.ipo@equirus.com

Anand Rathi Advisors Limited:

Address: 10th Floor, Trade Tower, D Wing, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra
Email: crizac.ipo@anandrathi.com

Company Details:

Name: Crizac Limited
Address: Wing A, 3rd Floor, Constantia Building, 11, Dr. U.N. Brahmachari Street, Shakespeare Sarani, Kolkata, West Bengal 700017
Email: cs@crizac.com
Phone: +91 33 3544 1515

Explanation of Over subscription and Lottery Process

The Crizac IPO was subscribed 62.89 times by Day 3, with Retail at 10.74 times and NII at 141.27 times. If the IPO becomes oversubscribed by the close on July 4, 2025, a lottery system will be used for retail investors.

Lottery Process: In an oversubscribed IPO, shares are allocated proportionally or via a random computerised lottery for retail investors, ensuring transparency. Retail investors are prioritized for at least one lot (61 shares), but high demand may result in some applicants receiving no shares.
Oversubscription Impact: If subscription exceeds available shares, the allotment ratio decreases (e.g., a 5x subscription means a 5:1 allotment ratio, where one in five applicants may receive shares).

Clarification on ASBA Process

ASBA (Application Supported by Blocked Amount) is mandatory for IPO applications in India:

Process: Funds are blocked in your bank account during the application and debited only if shares are allotted. If no shares are allotted, funds are unblocked.

Steps to Apply via ASBA:

Log in to your bank’s net banking or broker platform.
Select “Crizac Limited IPO” in the IPO section.
Enter the number of lots (minimum 1 lot = 61 shares) and bid price (preferably ₹245 to improve allotment chances in case of oversubscription).
Provide your UPI ID (for UPI-based ASBA) or confirm the fund block (for bank-based ASBA).
Approve the UPI mandate or fund block request via your UPI app or bank.
Non-ASBA Option: Investors can apply through brokers using physical IPO forms, but ASBA is more efficient.

Tax Implications

Capital Gains:
- Short-Term Capital Gains (STCG): If shares are sold within 12 months, gains are taxed at 20% (plus surcharge and cess).
- Long-Term Capital Gains (LTCG): If held for over 12 months, gains above ₹1.25 lakh are taxed at 12.5% (plus surcharge and cess).
Losses: Losses can be set off against other capital gains, subject to tax rules.
Dividend Income: If Crizac declares dividends, they are taxable as per your income tax slab.
Advice: Consult a tax professional for personalised guidance.

Post-Allotment Actions for Allotted Investors

Verify Share Credit: Ensure shares are credited to your Demat account by July 8, 2025. Contact your broker or Depository Participant (DP) if shares have not been credited.
Monitor Listing: Track the listing performance on July 9, 2025, via BSE, NSE, or your broker’s platform. The estimated listing price based on GMP is ₹284.
Trading Decision: Consider market conditions and your investment goals when deciding to hold for long-term growth or sell on listing day for potential gains. Marwadi Financial Services assigned a “Subscribe” rating, citing Crizac’s reasonable valuation and global network.
Update Records: Maintain records of your IPO investment for tax purposes, including allotment details and sale transactions.
Stay Informed: Monitor Crizac’s news, corporate actions, and financial performance post-listing to make informed decisions.

Conclusion

Investors should check their Crizac IPO allotment status on July 7, 2025, via MUFG (Intime), BSE, NSE, or broker platforms, and prepare for the listing on July 9, 2025. Understand the ASBA process, oversubscription mechanics, and tax implications before investing.

Review the Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP) on SEBI’s website or consult a SEBI-registered financial advisor to make informed decisions, as IPO investments carry market risks.

Disclaimer: This article is for informational purposes only and not financial advice. IPO investments involve risks. Read the company’s prospectus carefully and consult a certified financial advisor before investing.

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About the Author

REPAKA PAVAN ADITYA

Stocks and Mutual Funds Research Analyst

I manifest my zeal in financial quantitative & quantitative research and have been instrumental in creating a robust process for the evaluation and monitoring of mutual funds. I’m responsible for Equity and Mutual Funds Research while creating instrumental mathematical models for portfolio construction after evaluating funds, and I play an integral role in analyzing changes in mutual funds, micro, and macro-economic indicators, and equity market events and trends. My views on asset classes which are integral in creating an investment strategy for any profile. Read more

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