CRIZAC LIMITED IPO
CRIZAC LIMITED (CRIZAC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 09 July 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +28.0% (likely range +12% to +78%), day's high +43.1%, chance of a gain 97%. Actual: +14.7% at the open, +26.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 73,81,973 | 99,17,49,956 | 134x | |
| NII (HNI) total | 55,36,481 | 42,16,26,754 | 76.2x | |
| Big NII (above ₹10 lakh) | 36,90,988 | 32,62,66,491 | 88.4x | |
| Small NII (₹2-10 lakh) | 18,45,493 | 9,53,60,263 | 51.7x | |
| Retail | 1,29,18,455 | 13,23,03,754 | 10.2x | |
| Total | 2,58,36,909 | 1,54,56,80,464 | 59.8x |
Bids on NSE and BSE together, as published by NSE, as of 04 Jul 2025, 07:00 PM. Shares offered exclude the anchor portion. 7% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to CRIZAC LIMITED's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Rashi PeripheralsFeb 2024 | 144x | 62.8x | 10.4x | 59.7x | ₹633 Cr | +9.2% | +10.2% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Bansal Wire IndustriesJul 2024 | 146x | 51.5x | 13.6x | 59.6x | ₹785 Cr | +39.1% | +45.3% |
| P N Gadgil JewellersSep 2024 | 137x | 56.1x | 16.6x | 59.4x | ₹1,158 Cr | +72.9% | +76.7% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
| Innova CaptabDec 2023 | 117x | 64.9x | 17.1x | 55.3x | ₹577 Cr | +0.9% | +21.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| Anand Rathi Advisors | 11 | +28.5% | 91% |
Offer documents (NSE)
Frequently asked
What is the CRIZAC LIMITED IPO price band and lot size? ₹233–245 per share, with a lot of 61 shares, so the smallest retail bid is ₹14,945.
How many times has it been subscribed? 59.8x overall: QIB 134x, NII 76.2x, retail 10.2x.
How did it list? It opened at ₹281, +14.7% against the issue price of ₹245, and closed its first day +25.6%.
