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Bloomberg Quint

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Crizac IPO Subscribed 78% On Day Two So Far — Check GMP, Price

  • Crizac Ltd.'s IPO was subscribed 78% on the second day of bidding, with the price band set at Rs 233 to Rs 245 per share. The IPO, closing on July 4, is entirely an offer for sale worth up to Rs 860 crore, with promoters Pinky Agarwal and Manish Agarwal offloading their stake.
  • Equirus Capital Pvt. and Anand Rathi Advisors Ltd. are the book-running lead managers, with MUFG Intime India Pvt. acting as the registrar for the IPO, which offers a minimum bid of 61 shares in multiples thereof.
  • Crizac IPO Subscription Status as of the second day includes a 0.78 times subscription rate, with non-institutional buyers oversubscribed at 1.24 times and retail investors at 0.98 times. The grey market premium (GMP) for Crizac IPO is Rs 39, suggesting a likely listing at Rs 284 per share.
  • The GMP is subject to speculation and not an official price quote. Investors are advised to consider market risks and consult financial advisers before participating in IPOs.

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