Crizac IPO Upcoming
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About Crizac
Crizac, established in Kolkata, is a prominent B2B education platform specializing in international student recruitment for higher education institutions across the UK, Canada, Ireland, Australia, and New Zealand. With a robust global network of over 7,900 registered agents and partnerships with more than 135 universities, including esteemed institutions like the University of Birmingham and Nottingham Trent University, Crizac has processed over 5.95 lakh student applications from 75+ countries as of September 30, 2024. The company holds a significant 13% market share of Indian students enrolling in UK universities in 2023.
Financials of Crizac
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹1000 crores |
| Offer for sale | ₹1000 crores |
Strengths
- Processed over 5.95 lakh student applications from 75+ countries, showcasing global reach.
- Holds a 13% market share of Indian students enrolling in UK universities in 2023.
- Partnerships with over 135 global universities, including top UK institutions.
- Proprietary technology platform enhances operational efficiency and agent engagement.
- Achieved an 81.02% CAGR in revenue from operations between FY2014 and FY2023
Risks
- Heavy reliance on a limited number of global institutions for revenue.
- Dependence on agents for student recruitment poses operational risks.
- Revenue concentration in select geographies increases exposure to regional disruptions.
- Success contingent on sustained collaborations with global institutions, subject to renewal uncertainties.
- As the IPO is entirely an offer for sale, the company will not receive any proceeds, limiting capital for growth initiatives