New Delhi, March 12 (H.S.): Kolkata-based leading student recruitment solution provider crizac Limited has received approval from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The company plans to raise ₹1000 crores through this issue.

The company refiled its IPO documents with SEBI on November 18, 2024. This IPO will be entirely as an Offer for Sale (OFS) by the promoters Pinky Agarwal and Manish Agarwal. It will not include any fresh issue of shares. The IPO with a face value of ₹2 per equity share is a proposal for the sale of up to ₹1000 crores by the promoters to shareholders. The sale proposal includes equity shares of up to ₹841 crores by Pinky Agarwal and up to ₹159 crores by Manish Agarwal. This proposal includes a reservation for subscription by eligible employees.

Kolkata-based student recruitment solution provider crizac Limited is a B2B education platform for agents and global higher education institutions. The company provides international student recruitment solutions to global higher education institutions in the United Kingdom, Canada, the Republic of Ireland, Australia, and New Zealand. It has a base in India along with co-primary operations in London, United Kingdom. Additionally, it has consultants in several countries, including Cameroon, China, Ghana, and Kenya.

Hindusthan Samachar / Jun Sarkar