The stock was listed on NSE-BSE on July 9, rose 32% in 2 days, and is up 7% today too

News Topical, Digital Desk : Shares of Crizac Limited, a company involved in the education sector, have performed tremendously in the market. After being listed on NSE and BSE on July 9, the shares of Crizac saw a rise of more than 7% on July 10. The company's stock is trading more than 32% higher so far than the IPO price of ₹ 245.

Crizac shares were listed on the NSE at a price of ₹281, which was about 15% higher than the IPO price. On the first day of listing, the stock rose 9% to reach ₹306. The next morning the stock reached ₹324, giving investors a good return. 

How was the performance? Crizac's IPO was worth ₹860 crore, which was opened for subscription between July 2 and 4. The IPO was oversubscribed 59.82 times, indicating strong interest from investors. The company had issued shares under a price band of ₹233 to ₹245 per share. The company did not receive any new capital in the IPO, as it was an offer for sale and the amount received from the sale went to the promoters of the company. Crizac works in the education sector to connect students with foreign universities. The company's focus is on getting admission to students in India as well as countries like UK, USA, Canada and Australia. The company is expected to grow rapidly in the future due to its focus on digital technology and innovation. Despite the weak environment in the stock market, Crizac shares have given good profits to investors. The successful listing of the IPO has also increased the company's brand value and reputation in the market.
 

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