Big news in Indian capital markets! Sunil Singhania’s Abakkus Asset Manager has bought a large stake worth INR 109.57 crore in the newly listed education tech company Crizac. The investment was made on 09 July 2025 itself, the day Crizac listed on the Indian stock exchanges. This is a strong institutional vote of confidence for the B2B education platform.
Sunil Singhania Stake in Crizac
According to the exchange data, Abakkus Asset Managers bought 36,72,914 shares at INR 298.33 per share. This is a 2.1% stake in Crizac and is worth INR 109.57 crore, a big vote of confidence from one of India’s most followed equity market experts.
The buy was done just after Crizac’s stellar listing. The stock listed at INR 281.05 on NSE, a 14.71% premium over the IPO price of INR 245 and went up further to end the first trading session at INR 307.60, a 25% jump from the issue price.
By 10 July 2025, the momentum continued and Crizac touched an intraday high of INR 338.15, hit the 10% upper circuit and settled at INR 334.75, nearly 37% above the IPO price.
IPO and Investor Sentiment
Crizac’s INR 860 crore IPO was an Offer for Sale (OFS) by promoters Pinky Agarwal and Manish Agarwal and was a hit. It was oversubscribed 59.82 times during the subscription period from 2 July to 4 July 2025. QIBs were the most aggressive with 134.35 times their reserved quota, followed by NII at 76.15 times and Retail at 10.24 times.
The company itself did not receive any proceeds from the IPO as it was an OFS, but the listing has given early stakeholders liquidity and brought in institutional interest—Abakkus being the big one.
Why Did Abakkus Invest?
While Sunil Singhania has not publicly detailed the rationale behind the move, several factors likely informed the investment:
- Strong Financials: Crizac has reported impressive numbers, with FY25 revenue of INR 849.49 crore and net profit of INR 152.93 crore, up from INR 530.05 crore revenue and INR 117.92 crore profit in FY24. The firm also boasts a Return on Capital Employed (ROCE) of 40.03% and Return on Equity (ROE) of 36.2%, indicating operational and financial efficiency.
- Robust Demand for IPO: With aggressive QIB participation and a tight allotment, Abakkus likely saw value in acquiring shares on listing day rather than relying on IPO allocation.
- Expansion Potential: Crizac plans to diversify its service offerings beyond student recruitment. The management confirmed intentions to roll out services such as student loans, accommodation, foreign exchange, and visa application assistance. Minimal capital expenditure is expected for these additions, making them high-margin avenues.
- Geographical Diversification: While 95% of Crizac’s revenue currently stems from the UK, the company is eyeing growth in Ireland, Canada, Australia, New Zealand, and notably, the United States and Dubai—key global education markets.
About Crizac
Founded in 2011 as GA Educational Services, Crizac is a B2B education technology platform that connects international students with higher education institutions across over 75 countries. It leverages a cloud-based proprietary platform to support student recruitment through over 10,000 registered education agents globally.
Between Fiscal 2023 to 2025, the company processed more than 7.11 lakh student applications for over 173+ institutions, a testament to the platform’s scale and reach.
Promoter Holding and Future Outlook
Following the IPO, Crizac’s promoters continue to hold a dominant 80.48% stake in the company. With increasing institutional interest, stellar financials, and scalable service plans, Crizac is being closely tracked as a high-potential growth story.
The Abakkus buy-in has amplified investor interest and could pave the way for other institutional funds to begin coverage or enter positions, depending on valuations and future earnings visibility.
Market Impact
The stock has exhibited strong momentum since its listing, gaining over 35% within two days. Analysts expect further rerating potential, contingent on the execution of the company’s expansion plans and the stability of international visa regimes, which remain a macro-level risk factor given Crizac’s reliance on student migration policies in the UK and other Western markets.
Bottom Line: Sunil Singhania’s entry into Crizac is more than just a stake purchase—it is a confidence signal to the broader market. The stock’s performance post-investment suggests that investors are watching closely. Whether Crizac can maintain its upward trajectory will depend on operational execution and macro-education trends. But for now, it’s certainly a listing that has delivered in style.
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