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001122334455554433221100

crizac plans rs 1000 crore ipo with offer for sale by promoters

Crizac, a student recruitment solution provider, aims to raise Rs 1,000 crore through an IPO, having refiled its draft red herring prospectus with SEBI on November 18. The offering will be entirely an offer-for-sale by promoters, with Pinky Agarwal selling shares worth Rs 841 crore and Manish Agarwal selling Rs 159 crore. The Kolkata-based company will not receive any proceeds from the IPO, as all funds will go to the selling shareholders.

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