The shares of a recently-listed education services company, engaged in providing international student recruitment solutions to higher education institutions, hit the 10 percent upper circuit after ace investor Sunil Singhania’s Abakkus Asset Manager bought a stake in it.
With a market capitalization of Rs 5,825 Crores, the share price of Crizac Ltd hit upper circuit of 10% to Rs 338.15 per share from its previous closing price of Rs 307.45 per share.
What’s the News
Crizac Ltd., a recently-listed B2B education platform, saw its shares rise after ace investor Sunil Singhania’s Abakkus Asset Manager Pvt Ltd picked up a significant stake worth Rs 109.5 crore on the day of its listing. As per exchange data, Abakkus purchased 36.73 lakh shares at Rs 298.33 per share.
The stock made a strong debut on July 9, listing at Rs 281.05 on the NSE 14.71% above its issue price of Rs 245 and at Rs 280 on the BSE. It built further momentum to close its first trading session nearly 25% higher, reflecting robust investor demand.
About the Company
Crizac Ltd. is a leading B2B education platform that helps connect international students with universities and colleges in countries like the UK, Canada, Australia, and New Zealand.
Founded in 2011 as GA Educational Services Pvt. Ltd., the company works with education agents and global institutions to simplify the student recruitment process. By bringing agents and universities together on a single platform, Crizac makes it easier for students to apply and get admitted to international programs. Their goal is to build a strong, sustainable network that benefits both agents and institutions by offering expert support and a smooth admission process. Link
The company reported a revenue of Rs 849 crore in FY25, up by 60.2 percent from its FY24 revenue of Rs 530 crore. Coming to its profitability, the company reported a net profit rise of 29.7% to Rs 153 crore in FY25 from Rs 118 crore in FY24. It maintains a healthy financial profile with a ROCE of 47.9% and ROE of 36.2%, reflecting efficient capital and equity utilization.
Written By: Rohan Pandey
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