The TechQuilt CRiZAC Shares Soar on Stock Market Debut: What You Need to Know
A new name made a splash in the stock market today: CRiZAC shares jumped almost 15% on their very first day of trading! This exciting debut shows strong confidence from investors in the company.
The stock opened for trading on the BSE (Bombay Stock Exchange) at Rs 280, which was a healthy 14.28% higher than its initial selling price of Rs 245. Things got even better as the share price climbed to Rs 294, marking a fantastic 20% increase from its original price. Over on the NSE (National Stock Exchange), CRiZAC’s shares also started strong, opening at Rs 281.05, a solid 14.71% higher.
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| CRiZAC Shares Soar on IPO Debut: What Led to the 20% Jump? |
Thanks to this impressive start, the company’s total value in the market reached an impressive Rs 5,144.49 crore during the morning trading hours.
CRiZAC’s IPO Success Story:
Before hitting the market, CRiZAC’s initial public offering (IPO) was a massive success, receiving bids for nearly 60 times (59.82 times, to be exact) the number of shares that were actually available. This indicates huge investor demand.
The IPO aimed to raise Rs 860 crore, with shares offered in a price range of Rs 233 to Rs 245 each. It was entirely an “offer for sale,” meaning existing owners, Pinky Agarwal and Manish Agarwal, were selling their shares.
What Does CRiZAC Do?
CRiZAC Ltd is a company based in Kolkata that operates as a B2B (business-to-business) education platform. They specialize in helping higher education institutions in countries like the UK, Ireland, Canada, Australia, and New Zealand recruit international students. Essentially, they connect students globally with universities and colleges abroad.
This strong market debut for CRiZAC highlights the growing interest and investment in India’s education and technology sectors.
