Crizac IPO, June 26 -- The initial public offering of Crizac will commence on Wednesday, July 2 and end on Friday, July 4. Crizac IPO price band will be revealed tomorrow, Friday, June 27. Meanwhile, the anchor investor bidding will take place on Tuesday, July 1.

Crizac IPO consists entirely of a promoter-led offer-for-sale (OFS). The size of the OFS has been decreased from the originally planned Rs.1,000 crore stated at the time of the DRHP filing.

According to the RHP submitted on June 25, promoter Pinky Agarwal will be offloading shares worth Rs.723 crore, while Manish Agarwal will sell Rs.137 crore worth of shares in the OFS. Since this is a complete OFS, all proceeds will go to the promoters (the selling shareholders), and the comp...