Credent Connect N Care IPO
Credent Connect N Care IPO Details
-
Open Date
13 Aug 2026
-
Close Date
17 Aug 2026
- IPO Price Range
₹ 179 to ₹189
- IPO Size
₹ 93.90 Cr
Credent Connect N Care IPO Timeline
Credent Connect N Care IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Aug-2026 | 1.00 | 1.59 | 3.11 | 2.18 |
| 14-Aug-2026 | 6.45 | 9.72 | 16.31 | 12.08 |
Last Updated: 14 August 2026 5:42 PM by 5paisa
Credent Connect N Care Limited is an integrated healthcare services and logistics provider delivering technology-enabled workforce, operational and supply chain solutions across India. Serving diagnostic laboratories, pharmaceutical and IVD companies, hospitals and clinics, it offers phlebotomy, diagnostic services, healthcare manpower, cold-chain logistics and supply chain management. Its pan-India network is supported by warehouses, vehicles and technology platforms, alongside C3 Post courier aggregation and C3 Wellness corporate wellness services for healthcare enterprises.
Established in: 2015
Managing Director: Tarun Sharma
Credent Connect N Care Objectives
1. Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
2. Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
3. To meet Working Capital Requirements
4. Repayment and/or repayment, in full or part, of borrowing availed by the Company
5. General corporate purposes
Credent Connect IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹93.90 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹93.90 Cr |
Credent Connect IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 2,14,800 |
| Retail (Max) | 2 | 1,200 | 2,26,800 |
| S - HNI (Min) | 3 | 1,800 | 3,22,200 |
| S - HNI (Max) | 8 | 4,800 | 9,07,200 |
| B - HNI (Max) | 9 | 5,400 | 9,66,600 |
Credent Connect IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 6.45 | 9,48,000 | 61,11,600 | 115.51 |
| Non-Institutional Buyers | 9.72 | 7,08,000 | 68,79,600 | 130.02 |
| bNII | 8.10 | 4,72,000 | 38,22,000 | 72.24 |
| sNII | 12.96 | 2,36,000 | 38,22,000 | 57.79 |
| Individual Investors (IND category bidding for 2 Lots) | 16.31 | 16,56,000 | 2,70,08,400 | 510.46 |
| TOTAL** | 12.08 | 33,12,000 | 3,99,99,600 | 755.99 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 75.73 | 77.94 | 214.16 |
| EBITDA | 4.30 | 4.99 | 28.46 |
| PAT | 2.66 | 2.25 | 18.45 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 26.41 | 29.50 | 81.57 |
| Share Capital | 0.20 | 0.20 | 13.25 |
| Total Liabilities | 26.41 | 29.50 | 81.57 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 0.81 | 5.48 | -6.62 |
| Net Cash Generated From / (used in) Investing Activities | -1.13 | -6.19 | -10.78 |
| Net Cash Generated From / (used in) Financing Activities | 2.16 | -0.38 | 18.66 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1.84 | -1.09 | 1.25 |
Strengths
1. Integrated healthcare logistics and workforce service portfolio
2. Extensive pan-India operational and field network
3. Technology-enabled tracking improves supply chain visibility
4. Specialised expertise in temperature-sensitive healthcare logistics
Weaknesses
1. High dependence on healthcare sector client base
2. Operational complexity across geographically dispersed service network
3. Manpower-intensive model creates workforce management challenges
4. Cold-chain infrastructure requires significant ongoing operational investment
Opportunities
1. Growing demand for organised healthcare logistics services
2. Rising diagnostics demand supports sample transportation requirements
3. Technology adoption enables scalable healthcare logistics solutions
4. Corporate wellness expansion offers additional revenue opportunities
Threats
1. Intense competition from specialised healthcare logistics providers
2. Regulatory changes may increase operational compliance costs
3. Service disruptions could affect time-sensitive medical consignments
4. Rising fuel costs may pressure overall logistics margins
1. Strong presence across India’s growing healthcare ecosystem
2. Scalable pan-India network supports future business expansion
3. Diversified healthcare services create multiple revenue opportunities
4. Technology-driven operations strengthen efficiency and service reliability
Credent Connect operates within India’s expanding healthcare logistics and pre-analytical services ecosystem, supported by rising diagnostics penetration, home sample collection and demand for reliable cold-chain transportation. Its presence across 450+ cities, extensive field workforce and technology-enabled operations provide a scalable platform for growth. Expansion across diagnostics, phlebotomy, corporate wellness and healthcare supply chains could strengthen its market reach, diversify revenues and capture increasing demand from healthcare enterprises nationwide.
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FAQs
Credent Connect IPO opens from August 13, 2026 to August 17, 2026.
The size of Credent Connect IPO is ₹93.90 Cr.
The price band of Credent Connect IPO is fixed at ₹179 to ₹189 per share.
To apply for Credent Connect IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Credent Connect. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Credent Connect IPO is of 1,200 shares and the investment required is ₹2,14,800.
The share allotment date of Credent Connect IPO is August 18,2026
The Credent Connect IPO will likely be listed on August 20, 2026.
Hem Securities Ltd is the book running lead managers for Credent Connect IPO.
Credent Connect IPO plans to utilise the raised capital from the IPO for:
1. Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
2. Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
3. To meet Working Capital Requirements
4. Repayment and/or repayment, in full or part, of borrowing availed by the Company
5. General corporate purposes