Crizac Shares Surge 8% on Second Trading Day, Abakkus Asset Manager Acquires Stake

1 min read     Updated on 10 Jul 2025, 01:22 PM
scanxBy ScanX News Team
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Overview

Crizac Limited's shares rose 8% to Rs 330.65 on its second day of trading. Abakkus Asset Manager acquired 36,72,914 shares at Rs 298.33 per share in a bulk deal. The company's IPO was oversubscribed 63 times and listed at a 14.70% premium on the NSE. The continued price appreciation suggests ongoing investor optimism.

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*this image is generated using AI for illustrative purposes only.

CRIZAC LIMITED shares surged 8% to Rs 330.65 on its second day of trading, continuing to make waves in the stock market. The impressive performance follows a strong debut, highlighting investor enthusiasm for the newly public entity.

Bulk Deal: Abakkus Asset Manager's Strategic Move

In a significant development, Abakkus Asset Manager has made a substantial investment in Crizac. The asset management firm acquired 36,72,914 shares at Rs 298.33 per share through a bulk deal. This move by Abakkus Asset Manager, known for its strategic investments, could be seen as a vote of confidence in Crizac's potential.

IPO Success and Strong Market Debut

The surge in Crizac's share price comes on the heels of a highly successful Initial Public Offering (IPO). The company's public issue was met with overwhelming investor interest, being oversubscribed 63 times. This robust demand was reflected in Crizac's market debut, where it listed at a premium of 14.70% on the National Stock Exchange (NSE).

Market Performance

Crizac's strong performance in the secondary market, with an 8% rise on the second trading day, suggests continued investor optimism. The stock's movement from its listing price to the current level of Rs 330.65 represents a significant gain for early investors.

The combination of a heavily oversubscribed IPO, a strong listing, and continued price appreciation indicates positive market sentiment towards Crizac. As the company settles into its life as a public entity, investors and market analysts will be keenly watching its performance and future prospects.

Historical Stock Returns for Crizac

1 Day5 Days1 Month6 Months1 Year5 Years
+0.42%+9.02%+9.02%+9.02%+9.02%+9.02%

Abakkus Asset Manager Acquires ₹109.5 Crore Stake in Newly-Listed Crizac Ltd

1 min read     Updated on 10 Jul 2025, 08:00 AM
scanxBy ScanX News Team
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Overview

Abakkus Asset Manager, led by Sunil Singhania, has purchased 36.73 lakh shares of CRIZAC LIMITED at ₹298.33 per share, totaling ₹109.50 crore. CRIZAC LIMITED, a B2B education platform, recently completed its IPO, listing at a 14.71% premium on NSE and ending its first trading day 25% higher at ₹306.00. The company raised ₹860.00 crore through an offer for sale in its IPO.

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*this image is generated using AI for illustrative purposes only.

CRIZAC LIMITED , a recently listed B2B education platform, has caught the attention of a prominent investor in its post-IPO trading. Sunil Singhania's Abakkus Asset Manager has made a significant move by acquiring a substantial stake in the company.

Abakkus Asset Manager's Strategic Investment

Abakkus Asset Manager, led by well-known investor Sunil Singhania, has purchased 36.73 lakh shares of CRIZAC LIMITED. The acquisition was made at a price of ₹298.33 per share, amounting to a total investment of ₹109.50 crore. This move demonstrates confidence in CRIZAC LIMITED's business model and future prospects.

CRIZAC LIMITED's Impressive Market Debut

CRIZAC LIMITED, which operates in the B2B education sector, recently completed its Initial Public Offering (IPO). The company's market debut was marked by strong investor interest:

Aspect Details
Listing Premium CRIZAC LIMITED shares listed at a 14.71% premium on the National Stock Exchange (NSE)
First-Day Performance The stock ended its debut trading session 25% higher at ₹306.00
IPO Details The company raised ₹860.00 crore through an offer for sale

Market Impact and Outlook

The substantial investment by Abakkus Asset Manager, coupled with CRIZAC LIMITED's strong market debut, suggests positive sentiment surrounding the company. As a B2B education platform, CRIZAC LIMITED operates in a sector that has seen increased attention and growth, particularly in the wake of digital transformation in the education industry.

Investors and market observers will likely keep a close watch on CRIZAC LIMITED's performance in the coming months, especially given the vote of confidence from a seasoned investor like Sunil Singhania. The company's ability to leverage its newly acquired capital and deliver on its business objectives will be crucial in determining its long-term success in the competitive education technology landscape.

Historical Stock Returns for Crizac

1 Day5 Days1 Month6 Months1 Year5 Years
+0.42%+9.02%+9.02%+9.02%+9.02%+9.02%
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