IPO details · Updated
Credent Connect N Care Limited
- 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
- 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
Offer opens
13 Aug 2026
Offer closes
17 Aug 2026
Allotment
18 Aug 2026
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
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 9,48,000 | 12,36,19,200 | 130.40x |
| NII | 7,08,000 | 15,36,14,760 | 216.97x |
| Retail | 16,56,000 | 22,99,52,160 | 138.86x |
| Total | 33,12,000 | 50,71,86,120 | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1,200 | ₹2,26,800 |
| Small HNI (S-HNI) | 3 | 1,800 | ₹3,40,200 |
| Big HNI (B-HNI) | 9 | 5,400 | ₹10,20,600 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-25 | Mar-24 |
|---|---|---|
| Assets | 29.5 | 26.41 |
| Total Income | 78.23 | 76.02 |
| Profit After Tax | 2.25 | 2.66 |
| EBITDA | 4.99 | 4.3 |
| Net Worth | 15.9 | 13.66 |
| Reserves & Surplus | 15.7 | 13.46 |
| Total Borrowing | 7.42 | 6.85 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| ROE (%) | 61.81 | 15.2 |
| ROCE (%) | 40 | 16.96 |
| 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.
Official Documents
Opens the source filing in a new tab
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