B2B edtech platform Crizac’s Rs.860-Cr IPO subscribed 59 times

The INR 860-crore initial public offer (IPO) of Kolkata-headquartered student recruitment solutions provider Crizac Ltd got subscribed 59.82 times. The issue received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer. The price band has been fixed at INR 233-245 per share for the initial public offering (IPO).The portion for Qualified Institutional Buyers (QIBs) got subscribed 134.35 times while the quota for non-institutional investors fetched 76.15 times subscription. Retail Individual Investors (RIIs) part received 10.24 times subscription.