Credent Connect N Care
20 Aug '26SME
Min. Investment
₹2,14,800
Issue size
₹93.9 Cr
GMP
Locked
Overall subscription: 1.8x
Expert verdict
IPO dates
13 Aug
Opening
17 Aug
Closing
18 Aug
Allotment
20 Aug
Listing
*Refunds will be initiated on 19 Aug '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1200 | ₹2,26,800 |
Subscription (as on 13 August 2026, 05:30 PM)
Overall1.8x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2015|MD: Mr Tarun Sharma
- Credent Connect N Care Limited is a healthcare services provider engaged in logistics, workforce solutions and technology-enabled support for healthcare institutions across India. Its services include home sample collection through trained phlebotomists, deployment of phlebotomy teams and laboratory technicians, paramedical staffing, and inter-state and intra-state logistics for diagnostic samples, medical products and reagents.
- The company also provides corporate wellness programs through its C3 Wellness vertical, including vaccination programs, diagnostic services, health camps, and deployment of healthcare personnel. Its C3 Post platform provides courier aggregation, cash-on-delivery reconciliation, and cold-chain logistics for healthcare-related consignments. As of June 30, 2026, the company employed 2,589 riders and owned 97 commercial vehicles.
- It is headquartered in Ashok Vihar, Delhi, and operates through two warehouses and four branch offices in Mumbai, Pune, Chennai, and Varanasi. The company has also acquired Credent Healthcare Private Limited, Credent Team Private Limited, and Alltrak Technologies Private Limited.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Investment in our wholly owned subsidiary, Credent Healthcare Private Limited, to meet its working capital requirement — Rs 26.80 crore
- Investment in our wholly owned subsidiary, Credent Healthcare Private Limited, to finance its capital expenditure requirements for machinery — Rs 3 crore
- To meet working capital requirements — Rs 37 crore
- Repayment and/or repayment, in full or part, of borrowing availed by the company — Rs 6 crore
Issue Details & Objective
Lot size
600 Shares
Price band
₹179 to 189
Face value
₹10 per share
Financials
IPO reservation
QIB - 26.6%
HNI - 19.87%
Retail - 46.46%
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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Credent Connect N Care IPO is ₹93.9 Cr
The Credent Connect N Care IPO will be open for applications from 13 Aug '26 to 17 Aug '26
The lot size of Credent Connect N Care IPO is 600 Shares and its minimum investment amount is ₹2,14,800.
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Credent Connect N Care IPO is null
