New Delhi, Jul 2 (PTI) The initial public offer of student recruitment solutions provider Crizac Ltd got subscribed 46 per cent on the first day of bidding on Wednesday. The initial share sale received bids for 1,17,61,654 shares against 2,58,36,909 shares on offer, as per NSE data. Also Read | How Is the Next Dalai Lama Chosen? Know How the Successor of the 14th Dalai Lama Will Be Picked. The category for non-institutional investors fetched 62 per cent subscription while the quota for Retail Individual Investors (RIIs) got subscribed 59 per cent. The Qualified Institutional Buyers (QIBs) portion received 9 per cent subscription. Crizac on Tuesday said it has garnered Rs 258 crore from anchor investors. Also Read | Muharram 2025 Holiday Date in India: Is Ashura on July 06 or July 07? Will Stock Market, Banks and Schools Remain Open or Shut?. The Rs 860-crore initial public offering (IPO) will conclude on July 4. The price band has been fixed at Rs 233-245 per share. The IPO is entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the red herring prospectus. The OFS consists sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the IPO. The company, which had proposed to raise Rs 1,000 crore in November last year, has trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in the offer size. The Kolkata-based firm is a B2B education platform for agents and global institutions, offering international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New Zealand. The company’s shares will be listed on the BSE and NSE. Equirus Capital and Anand Rathi Advisors are the book-running lead managers for the IPO. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)