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The Crizac IPO-Crizac IPO is a completely offer for sale. The current shareholders of the company such as promoters, investors or other big shareholders have brought this issue to sell the shares of the company with them.
Crizac IPO will be closed today.
Highlights
- Crizac IPO was opened on July 2.
- This issue of 860 crores will be closed today.
- This IPO has been filled 7.60 times so far.
The Crizac IPO is a completely offer for sale. The current shareholders of the company such as promoters, investors or other big shareholders have brought this issue to sell the shares of the company with them. This means that the company has not issued new shares to raise money, but already existing shares are being sold.
Price Band ₹ 233 – ₹ 245
The price band of Crizack Limited IPO is ₹ 233 – ₹ 245. Retail investors can bid for minimum for a lot ie 61 shares. If you apply for 1 lot of IPO’s Upper Prize Band ₹ 245, then ₹ 14,945 will have to be invested for this. Retail investors can apply for maximum 13 lots i.e. 793 shares. For this, investors will have to invest ₹ 1,94,285 according to the upper prize band. 35% of the issue is reserved for retail investors. 50% share for qualified Institutional Buyers (QIB) is reserved for non-institutional investors (NII) for the remaining 15%.
Crizac IPO GMP
The shares of Crizac IPO are making a splash in the gray market. According to the website, the website, which monitors the gray market, the GMP of Crizac IPO is running 29 rupees on 4 July. That is, according to the upper price band, investors can have about 11 percent listing gains and the stocks can be at Rs 274.
Crizac IPO brokerage rating
Choice Broking has given a ‘subscribe’ rating to Crizac IPO. Brokerage says that the company’s strong track records, profitability without external funding and value -added services such as university office management ensure long -term partnership stability. Nirmal Bang has also given it a ‘subscribe’ rating. SMIFS, BP Equities (BP Wealth), Canara Bank Securities, Cholamangalam Securities and SBI Capital Securities have also given this IPO ‘bye’.
(Disclaimer: Investment made in IPO is subject to market risks. If you want to invest in IPO then consult the first certified Investment Advisor. News18 will not be responsible for any kind of profit or loss.)
