Credent Connect N Care Limited logo

IPO details · Updated

Credent Connect N Care Limited

ClosedSMENSE: CREDENT
Check Allotment
Price Band
₹179 – ₹189
Lot Size
600 shares
Min. Investment
₹1,13,400
Issue Size
₹93.9 Cr
Offer Dates
13 Aug – 17 Aug 2026
Listing
20 Aug 2026

Issue Details

Full details →
Total Issue Size
₹93.9 Cr
49,68,000 shares
Fresh Issue
₹93.9 Cr
49,68,000 shares
Offer for Sale
₹0 Cr
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
NSE SME
Shares Pre-Issue
1,32,54,900
Shares Post-Issue
1,82,22,900

IPO Timeline

  1. Offer opens

    13 Aug 2026

  2. Offer closes

    17 Aug 2026

  3. Allotment

    18 Aug 2026

  4. Listing

    20 Aug 2026

Issue Allocation

Share of the offer reserved for each investor category

  • Anchor28.3%14,04,000 shares
  • QIB19.1%9,48,000 shares
  • HNI14.3%7,08,000 shares
  • Retail33.3%16,56,000 shares
  • MarketMaker5.1%2,52,000 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
QIB9,48,00012,36,19,200
130.40x
NII7,08,00015,36,14,760
216.97x
Retail16,56,00022,99,52,160
138.86x
Total33,12,00050,71,86,120
153.14x

Lot Size & Investment

1 lot = 600 shares

Retail (min)

2 lots · 1,200 shares

Retail (max)

2 lots · 1,200 shares

S-HNI (min)

3 lots · 1,800 shares

ApplicationLotsSharesAmount
Retail21,200₹2,26,800
Small HNI (S-HNI)31,800₹3,40,200
Big HNI (B-HNI)95,400₹10,20,600

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-25Mar-24
Assets29.526.41
Total Income78.2376.02
Profit After Tax2.252.66
EBITDA4.994.3
Net Worth15.913.66
Reserves & Surplus15.713.46
Total Borrowing7.426.85

Key Performance Indicators

Key performance indicators
PeriodMar-26Mar-25
ROE (%)61.8115.2
ROCE (%)4016.96
EPS (₹)13.92
P/E (pre-issue)13.58
P/E (post-issue)18.68

About Credent Connect N Care Limited

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.

Objects of the Issue

  • Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement (₹26.80 Cr)
  • Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery (₹3.00 Cr)
  • To meet Working Capital Requirements (₹37.00 Cr)
  • Repayment and/or repayment, in full or part, of borrowing availed by the Company (₹6.00 Cr)
  • General corporate purposes (₹8.92 Cr)
  • Issue Expenses (₹12.17 Cr)

Promoters

  • <p>Ashok Kumar Sharma
  • Karan Sharma
  • Tarun Sharma
  • Dimple Sharma
  • Tanveen</p>

Company Information

Book running lead managers
  • Hem Securities Ltd.
Registered office
B-3, Second Floor,, Nimri Commercial Complex,, Ashok Vihar, Phase-4,, Delhi, New Delhi, 110052
Market maker
Hem Finlease Pvt.Ltd.

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.