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CR
Closed NSE SME Bookbuilding IPO

Credent Connect N Care Ltd IPO

GMP Today
+₹50
+26%
Issue Price
₹189
Est. Listing: ₹239
IPO Overview
Quick facts
Issue Price
₹189
Lot Size
600 shares
Min. Investment
₹113,400
Issue Size
49,68,000 shares (agg. up to ₹94 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
NSE SME
Script Code
Important Dates
IPO Open
13 Aug 2026
Done
IPO Close
17 Aug 2026
Done
Allotment
18 Aug 2026
Done
Refund Init.
19 Aug 2026
Done
Demat Credit
19 Aug 2026
Done
Listing Date
20 Aug 2026
Done
Credent Connect N Care Ltd Stock Price
NSE
Open
High
Low
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Data via Yahoo Finance · For informational use only
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 2352000 ₹—
NII / HNI (Non-Institutional) 708000 3 ₹3,40,200
Retail (Individual) 1656000 2 ₹2,26,800
Market Maker 2,52,000 ₹—
Fresh Issue 47,16,000 shares (agg. up to ₹89 Cr) ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 2 1,200 ₹2,26,800
HNI — sHNI 3 1800 ₹3,40,200
Subscription Status
Final
Metric QIB NII Retail Total
Subscription 53.05 217.17 136.72 107.07
Shares 2352000 708000 1656000 4716000
Bids 124768200 153754800 226414800 504937800
Financial Highlights

Amount in ₹ Crore

Metric 31 Mar 2025 31 Mar 2024
Revenue 7876-
PAT 22-
EBITDA 44-
Net Worth 1513-
Total Assets 2926-
Reserves 1513-
Borrowings 76-
ROE
61
ROCE
40
RONW
42
PAT Margin
8
EBITDA Mgn
13
D/E Ratio
0
P/B Value
5
Pre EPS
13
Post EPS
10
Pre P/E
13
Post P/E
18
Objects of Issue
  • Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
  • Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
  • To meet Working Capital Requirements
  • Repayment and/or repayment, in full or part, of borrowing availed by the Company
  • General corporate purposes
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.
Apply for This IPO
₹189
Min. ₹113,400 · 600 shares/lot
Expected Listing ₹239
GMP +₹50 (+26%)
Close Date 17 Aug 2026
Check Allotment
Pre-Issue
1,32,54,900 shares
Post-Issue
1,82,22,900 shares
Company Contact
Registrar
Kfin Technologies Ltd
  • 040-79615565
  • credentconnect.ipo@kfintech.com
Lead Managers
  • Hem Securities Ltd
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