IPO Issue Details
Issue Price / Price Band₹189 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size49,68,000 shares (agg. up to ₹94 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 13 Aug 2026
Subscription CloseMon, 17 Aug 2026
Anchor AllotmentWed, 12 Aug 2026
Basis of AllotmentTue, 18 Aug 2026
Initiation of RefundsWed, 19 Aug 2026
Credit of Shares to DematWed, 19 Aug 2026
Listing DateThu, 20 Aug 2026
UPI Mandate Deadline5:00 PM on 17 Aug 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)2,26,800 — 1,200 shares
Retail — Max (13 Lots)₹1,474,200 (13 Lots)
HNI — Min (3 Lots)3,40,200 — 1800 shares
EPS (Pre-IPO)₹13.92
EPS (Post-IPO)₹10.12
P/E Ratio (Pre-IPO)13.58x
P/E Ratio (Post-IPO)18.68x
Net Offer to Public47,16,000 shares (agg. up to ₹89 Cr)
Reserved for Market Maker2,52,000 shares (agg. up to ₹5 Cr)
Pre-IPO Promoter Holding1,32,54,900 shares
Post-IPO Promoter Holding1,82,22,900 shares
Fresh Issue Shares47,16,000 shares (agg. up to ₹89 Cr)
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 enterprisesThe 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 StrengthsIntegrated 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
Credent Connect N Care Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
26.80
2
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
3.00
3
To meet Working Capital Requirements
37.00
4
Repayment and/or repayment, in full or part, of borrowing availed by the Company
6.00
5
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,32,54,900 shares
Post-IPO Promoter Holding
1,82,22,900 shares