Credent Connect N Care IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited, Credent Connect N Care Limited is an integrated healthcare services and logistics company providing technology-enabled operational, workforce management and supply chain solutions to healthcare institutions and enterprises…
Open Date
Thu, 13 Aug 2026
Close Date
Mon, 17 Aug 2026
Price Band
₹ 179 – 189
Lot Size
600
Issue Size
₹ 93.90 Cr
Minimum Investment
₹ 226,800 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Credent Connect N Care IPO is currently open for subscription and will remain open until August 17, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹94 Crore, comprising a fresh issue of 49.68 Lakh equity shares aggregating to ₹93.90 Crore.
The Credent Connect N Care IPO opened for subscription on August 13, 2026, and will close on August 17, 2026. The basis of allotment is expected to be finalized on August 18, 2026, while the shares are tentatively scheduled to be listed on NSE SME Platform on August 20, 2026.
The company has fixed the price band at ₹179 to ₹189 per share, with a lot size of 600 shares. Retail investors are required to make a minimum investment of ₹226,800 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Hem Securities Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Credent Connect N Care IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Interested investors should submit their applications before the subscription window closes on August 17, 2026.
Credent Connect N Care IPO Timeline (Tentative)
- IPO Open Date
- Thu, 13 Aug 26
- IPO Close Date
- Mon, 17 Aug 26
- Basis of Allotment
- Tue, 18 Aug 26
- Initiation of Refunds
- Wed, 19 Aug 26
- Credit of Shares to Demat
- Wed, 19 Aug 26
- Listing Date
- Thu, 20 Aug 26 — NSE & BSE
Open Date
13 August 2026
Close Date
17 August 2026
Basis Of Allotment
18 August 2026
Listing Date
20 August 2026
IPO Subscription
Check Live Subscription →The Credent Connect N Care IPO has received bids for 4,00,10,400 shares against 33,12,000 shares offered, resulting in an overall subscription of 12.08x. the NII category is subscribed 10.05x, Retail Investors 16.17x, and QIBs 6.45x. Within the NII category, BNII is subscribed 8.64x, while SNII is subscribed 12.89x.
QIB
6.45x
NII
10.05x
BNII
8.64x
SNII
12.89x
RII
16.17x
Total
12.08x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,56,000 shares, representing 35.11% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,48,000 shares (20.1%), while Non-Institutional Investors (NIIs) receive 7,08,000 shares (15.01%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,404,000 | 29.77% |
| Qualified Institutions | 948,000 | 20.1% |
| Non-Institutional | 708,000 | 15.01% |
| BNII | 471,600 | 10% |
| SNII | 235,800 | 5% |
| Retail Investors | 1,656,000 | 35.11% |
| Total | 4,716,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 (Restated Consolidated) | 31 Mar 2025 (Restated Standalone) | 31 Mar 2024(Restated Standalone) |
|---|---|---|---|
| Assets | 81.57 | 29.5 | 26.41 |
| Revenue | 214.43 | 78.23 | 76.02 |
| Profit After Tax | 18.45 | 2.25 | 2.66 |
| Net Worth | 43.79 | 15.9 | 13.66 |
| Reserve & Surplus | 30.54 | 15.7 | 13.46 |
| Total Borrowings | 21.95 | 7.42 | 6.85 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Credent Connect N Care Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 61.81 | 15.2 | 21.62 |
| ROCE % | 40 | 16.96 | 20 |
| Debt / Equity | 0.5 | 0.47 | 0.5 |
| RoNW % | 42.13 | 14.13 | 19.51 |
| Pat Margin % | 8.61 | 2.88 | 3.52 |
Peers Comparison
No Peer Comparision Available
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 company providing technology-enabled operational, workforce management and supply chain solutions to healthcare institutions and enterprises across India. The Company primarily follows a business-to-business (B2B) model, catering to a diverse customer base comprising diagnostic laboratories, in-vitro diagnostics (IVD) companies, pharmaceutical companies, hospitals, clinics and other healthcare organisations.
The Company offers a comprehensive range of healthcare and logistics solutions across the healthcare value chain. Its service portfolio includes home sample collection through trained phlebotomists, stationed phlebotomy and laboratory manpower services, diagnostic and paramedical staffing, healthcare logistics, operations and supply chain management, corporate wellness services, and technology-enabled courier aggregation through its “C3 Post” platform.
Through its healthcare logistics business, Credent Connect N Care facilitates the movement of diagnostic samples, medical supplies, reagents, medicines and other healthcare consignments. The Company provides time-sensitive and temperature-controlled transportation solutions, including cold-chain logistics, designed to maintain the integrity and required conditions of healthcare products and diagnostic materials during transit.
The Company has established a pan-India operating network, supported by warehouses, branch offices, commercial vehicles, field personnel and technology platforms. These technology solutions enable shipment tracking, workforce management, operational coordination and service monitoring, thereby supporting efficient execution of healthcare and logistics operations across multiple locations.
In addition to its core healthcare logistics and workforce solutions, the Company operates its corporate wellness business under the “C3 Wellness” brand. Through this vertical, the Company provides a range of preventive and employee healthcare services, including health camps, vaccination programmes, preventive health check-ups, radiology and diagnostic services, and deployment of on-ground healthcare manpower for corporate and institutional clients.
As of September 30, 2025, Credent Connect N Care had a total workforce of approximately 5,720 employees, comprising payroll and contractual personnel, along with 2,039 riders supporting its logistics and delivery operations. This workforce enables the Company to provide healthcare and logistics services across a broad geographic footprint and supports its ability to manage large-scale, time-sensitive healthcare requirements.
The Company has expanded its capabilities and service offerings through strategic acquisitions, including Credent Healthcare Private Limited, Credent Team Private Limited and Alltrak Technologies Private Limited. These acquisitions have enabled the Company to strengthen its presence across healthcare services, manpower solutions, technology and logistics operations and to broaden the range of services offered to its customers.
Credent Connect N Care's operations are supported by quality and healthcare-related certifications, including ISO 9001:2015 and ISO 15189:2022, reflecting its focus on quality management and operational standards. The Company is led by an experienced, promoter-driven management team with expertise across healthcare logistics, diagnostic services, workforce management, supply chain operations and technology-enabled healthcare solutions.
Overall, Credent Connect N Care Limited has developed an integrated healthcare services and logistics platform that combines healthcare manpower, diagnostics support, logistics, cold-chain transportation, corporate wellness and technology-enabled delivery solutions. With its pan-India presence, diversified service portfolio, technology infrastructure and experienced workforce, the Company is positioned to serve the evolving operational and supply chain requirements of India's growing healthcare ecosystem.
Credent Connect N Care IPO Promoters
- Ashok Kumar Sharma
- Karan Sharma
- Tarun Sharma
- Dimple Sharma
- Tanveen
Promoters Holding
Holding Pre Issue
87.64%
Holding Post Issue
63.75%
Credent Connect N Care IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Investment in our wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
- Investment in our 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 our Company
- General corporate purposes
Credent Connect N Care Limited Address / Contact Details
Credent Connect N Care Ltd. Address
B-3, Second Floor,
Nimri Commercial Complex,
Ashok Vihar, Phase-4,
Delhi, New Delhi, 110052
Telephone: +91-9971777199
Email: cs@c3logistics.co.in
Website:https:https://c3logistics.co.in/
IPO Snapshot
Credent Connect N Care IPO Lot Size
The Credent Connect N Care IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,26,800 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,26,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 226,800.00 |
| Retail (Max) | 2 | 1,200 | 226,800.00 |
| S-HNI (Min) | 3 | 1,800 | 340,200.00 |
| S-HNI (Max) | 8 | 4,800 | 907,200.00 |
| B-HNI (Min) | 9 | 5,400 | 1,020,600.00 |
Issue Reservation
- Anchor Investors — 29.77%
- QIB — 20.1%
- NII — 15.01%
- RII — 35.11%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Credent Connect N Care IPO?
Credent Connect N Care IPO is a Book-building IPO with a total issue size of ₹93.9 crore. The Credent Connect N Care IPO price band is ₹179 to 189 per share. The Credent Connect N Care IPO subscription opens on Thu, Aug 13, 2026, and closes on Mon, Aug 17, 2026. The Credent Connect N Care IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Credent Connect N Care IPO.
When will the Credent Connect N Care IPO open for subscription?
The Credent Connect N Care IPO opens on Thu, Aug 13, 2026 and closes on Mon, Aug 17, 2026
What is Credent Connect N Care IPO Price Band?
Credent Connect N Care IPO Price Band is ₹179 to 189 per share.
What is Credent Connect N Care IPO Lot Size?
Credent Connect N Care IPO lot size is 600 shares, Retail investors need a minimum investment of ₹226800 based on the upper price band
What is the minimum investment for Credent Connect N Care IPO?
The minimum investment for Credent Connect N Care IPO is ₹226800, based on one lot of 600 shares at the upper price band of ₹189 per share.
How to apply for Credent Connect N Care IPO?
Investors can apply for the Credent Connect N Care IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Aug 17, 2026. The application amount remains blocked until the Credent Connect N Care IPO allotment is finalized.
What is Credent Connect N Care IPO Issue Size?
Credent Connect N Care IPO issue size is ₹93.9 crores.
What is the Credent Connect N Care IPO Allotment Date?
Credent Connect N Care IPO allotment date is Tue, Aug 18, 2026.
Who is the Credent Connect N Care IPO Registrar?
The registrar for Credent Connect N Care IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Credent Connect N Care IPO allotment status, refund processing, and other IPO-related information.
What is the Credent Connect N Care IPO GMP?
The Credent Connect N Care IPO GMP (Grey Market Premium) is ₹35 as of Tue, Aug 11, 2026. Based on the upper price band of ₹189 per share, the estimated Credent Connect N Care IPO listing price is ₹224, indicating a potential listing gain of approximately 18.52% over the issue price.
Who is the Credent Connect N Care IPO Lead Manager?
The book-running lead managers (BRLMs) for the Credent Connect N Care IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Credent Connect N Care IPO Red Herring Prospectus (RHP).