Crizac IPO subscribed 96% by 11:15 am on Day 2, led by strong retail and NII demand; QIB interest remained muted.
Grey market premium rose to Rs 36–39, indicating improved sentiment and ~15% listing gain expectations.
IPO size is Rs 860 crore, entirely an OFS; price band set at Rs 233–245 per share. Issue closes July 4; listing on July 9.
Strong fundamentals include 76% revenue CAGR, debt-free status, and scalability in global education. Analysts suggest subscribing for long-term gains.
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