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Student recruitment solution provider Crizac on Thursday said its Rs 860-crore initial public offering (IPO) will hit the capital markets for subscription on July 2. The public issue will conclude on July 4, and the bidding for anchor investors will open for a day on July 1, the company said in a statement. However, the company did not disclose the details of the price band. 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, according to the red herring prospectus (RHP) filed on Wednesday. The OFS consists of the 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 now trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in offer ...