Crizac sets price band of Rs 233-245 a share for IPO The IPO is a pure offer for sale (OFS) worth Rs 860 crore by existing promoters and shareholders. Of this, Pinky Agarwal and Manish Agarwal ...

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B2B education platform Crizac's Rs 860-crore IPO to open next week: Check details Crizac IPO | The OFS size has been reduced from Rs 1,000 crore planned earlier at the time of filing of DRHP.

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Student recruitment solution provider Crizac on Thursday said its Rs 860-crore initial public offering (IPO) will hit the capital markets for subscription on July 2.

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The OFS consists of the sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO.

Shubham Agarwal is a freelance technology journalist from Ahmedabad, India, whose work has appeared in Wired, The Verge, Fast Company, and more.