Credent Connect N Care IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,26,800
2 lots · 1,200 shares at the upper price band
Price band
₹189
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹89.13 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹189
- Issue size
- ₹89.13 Cr
- Lot size
- 600
- Opens
- 13 Aug 2026
- Closes
- 17 Aug 2026
- Allotment
- 18 Aug 2026
- Listing
- 20 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹2,26,800 (2 lots · 1,200 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- NSE SME
- Refunds
- 19 Aug 2026
- Shares credited
- 19 Aug 2026
- Promoter holding
- 87.64% before · 63.75% after
- Lead managers
- Hem Securities Ltd.
Offer documents & links
Subscription by category
As of 17 Aug 2026, 1:24 pm.
Total subscription
107.55x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:59 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 13 to 17 Aug, 2026 |
|---|---|
| Listed on | Thu, Aug 20, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹179 to ₹189 |
| Issue Price | ₹189 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,68,000 shares (agg. up to ₹ 94 Cr) |
|---|---|
| Reserved for Market Maker | 2,52,000 shares (agg. up to ₹ 5 Cr) Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 47,16,000 shares (agg. up to ₹ 89 Cr) |
| Net Offered to Public | 47,16,000 shares (agg. up to ₹ 89 Cr) |
| Share Holding Pre Issue | 1,32,54,900 shares |
| Share Holding Post Issue | 1,82,22,900 shares |
| NSE Symbol | CREDENT |
| ISIN | INE1KPX01025 |
IPO Timetable
- IPO Open
- Thu, Aug 13, 2026
- IPO Close
- Mon, Aug 17, 2026
- Allotment
- Tue, Aug 18, 2026
- Refund
- Wed, Aug 19, 2026
- Credit of Shares
- Wed, Aug 19, 2026
- Listing
- Thu, Aug 20, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 23,52,000 | 49.87% | 47.34% |
| − Anchor Investor | 14,04,000 | — | 28.26% |
| − QIB (Ex. Anchor) | 9,48,000 | — | 19.08% |
| NII (HNI) | 7,08,000 | 15.01% | 14.25% |
| − bNII > ₹10L | 4,70,400 | — | 9.47% |
| − sNII < ₹10L | 2,37,600 | — | 4.78% |
| Retail | 16,56,000 | 35.11% | 33.33% |
| Firm Reservations | |||
| Market Maker | 2,52,000 | — | 5.07% |
| Total | 49,68,000 | 100.00% | 100.00% |
Credent Connect IPO comprises a total issue size of 49,68,000 shares. The net offer to the public is 47,16,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 23,52,000 (49.87%) are allocated to QIB , 7,08,000 (15.01%) allocated to NII 16,56,000 (35.11%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,26,800 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,26,800 |
| S-HNI (Min) | 3 | 1800 | ₹3,40,200 |
| S-HNI (Max) | 8 | 4800 | ₹9,07,200 |
| B-HNI (Min) | 9 | 5400 | ₹10,20,600 |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Wed, Aug 12, 2026 |
|---|---|
| Shares Offered | 14,04,000 |
| Anchor Portion (₹ Cr.) | 26.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 17, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 16, 2026 |
Credent Connect IPO raises ₹ 26.54 crore from anchor investors . Credent Connect IPO Anchor bid date is August 12, 2026 .
IPO Anchor Investors List
About Credent Connect N Care Ltd.
Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited. Credent Connect N Care Limited is an integrated healthcare services and logistics provider offering technology-enabled operational, workforce and supply chain solutions to healthcare institutions across India. The company primarily operates on a B2B model, serving diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals, clinics and other healthcare enterprises
The company offers a comprehensive portfolio of healthcare services, including home sample collection through trained phlebotomists, stationed phlebotomy and laboratory manpower services, diagnostic and paramedical services, healthcare logistics, operations and supply chain management, corporate wellness programs and technology-enabled courier aggregation through its C3 Post platform. Its logistics solutions support the movement of diagnostic samples, medical supplies, reagents and other healthcare consignments through temperature-controlled and time-sensitive transportation, including cold-chain logistics.
Credent Connect N Care operates through a pan-India network, supported by warehouses, branch offices, commercial vehicles, field personnel and technology platforms for tracking, workforce management and operational coordination. The company also operates its corporate wellness vertical under the "C3 Wellness" brand, providing health camps, vaccination programs, preventive health check-ups, radiology and diagnostic services, and on-ground healthcare manpower.
As of March 31, 2026, the Company had a workforce of 6,338 employees, comprising 4,052 payroll and 2,286 contractual employees across various functions.
The company has expanded its capabilities through strategic acquisitions, including Credent Healthcare Private Limited, Credent Team Private Limited and Alltrak Technologies Private Limited. Its operations are supported by ISO 9001:2015 and ISO 15189:2022 certifications, while its experienced promoter-led management team brings expertise in healthcare logistics and operations.
Key Strengths
Integrated healthcare logistics, workforce and diagnostic support platform.
Pan-India operational reach serving diverse healthcare institutions.
End-to-end healthcare logistics with cold-chain and time-sensitive transportation.
Technology-enabled operations through platforms such as C3 Post and C3 HRMS.
Diversified service portfolio spanning logistics, diagnostics, manpower and corporate wellness.
Strategic acquisitions strengthening healthcare and logistics capabilities.
Experienced promoter and management team with industry expertise.
Company Financials (Restated Standalone)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 29.50 | 26.41 |
| Total Income | 78.23 | 76.02 |
| Profit After Tax | 2.25 | 2.66 |
| EBITDA | 4.99 | 4.30 |
| NET Worth | 15.90 | 13.66 |
| Reserves and Surplus | 15.70 | 13.46 |
| Total Borrowing | 7.42 | 6.85 |
| Amount in ₹ Crore |
Recently Listed IPOs in Healthcare Service Provider
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pramodini Medicare Ltd. | SME | ₹69.04 Cr | ₹118 | 11.34 | ₹121.65 | +3.09% | ₹127.20 |
| Modern Diagnostic & Research Centre Ltd. | SME | ₹36.89 Cr | ₹90 | 11.04 | ₹94.99 | +5.54% | ₹66.17 |
| Invicta Diagnostic Ltd. | SME | ₹28.12 Cr | ₹85 | 14.51 | ₹96.70 | +13.76% | ₹69.00 |
| Gaudium IVF & Women Health Ltd. | Mainboard | ₹165.00 Cr | ₹79 | 25.36 | ₹80.26 | +1.59% | ₹115.26 |
| Nephrocare Health Services Ltd. | Mainboard | ₹871.05 Cr | ₹460 | 63.52 | ₹471.25 | +2.45% | ₹747.25 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement | 26.80 |
| 2 | Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery | 3.00 |
| 3 | To meet Working Capital Requirements | 37.00 |
| 4 | Repayment and/or repayment, in full or part, of borrowing availed by the Company | 6.00 |
| 5 | General corporate purposes | 8.92 |
| 6 | Issue Expenses | 12.17 |
| Total | 93.90 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 61.81% | 15.20% |
| ROCE | 40.00% | 16.96% |
| Debt/Equity | 0.50 | 0.47 |
| RoNW | 42.13% | 14.13% |
| PAT Margin | 8.61% | 2.88% |
| EBITDA Margin | 13.29% | 6.41% |
| NAV | 33.12 | 15.59 |
| Price to Book Value | 5.71 | 12.12 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.92 | 10.12 |
| P/E (x) | 13.58 | 18.68 |
| Market Cap at Offer Price | ₹251Cr. | ₹687.09 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 87.64% | 63.75% |
| Public | 12.36% | 36.25% |
| Total | 100% | 100% |
Company Promoters: Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma and Tanveen.
Credent Connect IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 1 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 130.40 | 9,48,000 | 12,36,15,600 | 194 |
| NII * | 216.97 | 7,08,000 | 15,36,15,000 | 0 |
| bNII (> ₹10L) | 255.58 | 4,72,000 | 12,06,32,400 | — |
| sNII (< ₹10L) | 139.76 | 2,36,000 | 3,29,82,600 | — |
| Individual Investor | 138.86 | 16,56,000 | 22,99,52,400 | 1,91,627 |
| Total | 153.13 | 33,12,000 | 50,71,83,000 | 2,30,223 |
The Credent Connect IPO is subscribed 153.13 times on August 17, 2026 6:54:59 PM (Day 3). The public issue subscribed 138.86 times in the individual investors category, 130.40 times in the QIB category, and 216.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
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Total Applications: 2,30,223
*Market Maker portion is not included to NII/HNI.
Company Financials (Restated Consolidated)
| Period Ended | Mar 31, 2026 |
|---|---|
| Assets | 81.57 |
| Total Income | 214.43 |
| Profit After Tax | 18.45 |
| EBITDA | 28.46 |
| NET Worth | 43.79 |
| Reserves and Surplus | 30.54 |
| Total Borrowing | 21.95 |
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 6.65 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.08 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.13 |
| 5 | Payment for Printing & Stationery, Postage | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors, Chartered Engineer, and Monitoring Agency, legal search report | 0.24 |
| 7 | Fees payable for Marketing & distribution expenses Selling Commission, Brokerage, Processing Fees | 5.04 |
| Total | 12.17 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹ 189.00 |
| Open | ₹ 359.10 |
| Low | ₹ 359.10 |
| High | ₹ 377.05 |
| Last Trade | ₹ 377.05 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
040-79615565
credentconnect.ipo@kfintech.com
IPO Lead Manager(s)
Hem Securities Ltd.
Contact Details
Credent Connect N Care Ltd. Address
B-3, Second Floor,
Nimri Commercial Complex,
Ashok Vihar, Phase-4,
Delhi, New Delhi , 110052
+91-9971777199
cs@c3logistics.co.in
Credent Connect N Care IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Credent Connect N Care Lists 90% Higher; Strong SME Debut
HDFC Sky · 20 Aug 2026
NSE SME Credent Connect N Care gets a strong diagnosis from the market
Business Standard · 20 Aug 2026
Credent Connect N Care IPO Listing: Ashish Kacholia-Backed Stock Makes Bumper Debut, Jumps Nearly 100% Over Issue Price
NDTV Profit · 20 Aug 2026
Credent Connect N Care IPO listing: Shares debut at a solid 90% premium on NSE SME, hit upper circuit
Livemint · 20 Aug 2026
Credent Connect shares make strong market debut, list at 90% premium over IPO price on NSE SME platform
The Economic Times · 20 Aug 2026
