Kolkata-based education platform Krijak Limited will soon bring its Initial Public Offering (IPO). The company’s IPO papers have been approved by market regulator Securities Exchange Board of India (SEBI). The issue size of this IPO is Rs 1,000 crore. Earlier, Draft Red Herring Prospectus (DRHP) was filed with SEBI on 18 November 2024. The IPO of Krijak Limited will be completely an Offer for Sale (OFS). That is, the existing promoters of the company will sell equity shares worth Rs 1,000 crore. The face value of the issue is Rs 2 per share. The company provides recruitment services to universities. 35% of the issue reserved for retail investors 35% of the issue reserved for retail investors The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Krijac Limited has a network in more than 75 countries. The company recruits students for higher education in countries like UK, Canada, Ireland and Australia-New Zealand. Krijac Limited has 7,900 registered agents from more than 75 countries on its platform. Through them, the company has processed more than 5.95 lakh student applications in the last 6 months. Along with this, the company has tie-ups with more than 135 institutions including University of Birmingham, Nottingham Trent University, Coventry University. What is an IPO? When a company issues its shares to the general public for the first time, it is called an Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
