Credent Connect IPO subscribed 153.13 times on Day 3

Generic user silhouette icon 5paisa Capital Ltd - 2 min read

Last Updated: 17th August 2026 - 05:11 pm

Credent Connect N Care IPO was subscribed 153.13 times by 5:24 PM on Day 3, August 17, 2026. The public issue received bids for 50,71,67,400 shares against 33,12,000 shares available for subscription. The Non-Institutional Investors (NIIs) category led the demand with a subscription of 216.97 times, while Individual Investors and Qualified Institutional Buyers (QIBs) subscribed 138.85 times and 130.40 times, respectively.

Subscription Status of Credent Connect IPO

Date QIB NII Individual Total
Day 1 (August 13) 1 1.59 3.11 2.18
Day 2 (August 14) 6.45 9.73 16.43 12.14
Day 3 (August 17) 130.40 216.97 138.85 153.13

Here are the subscription details for Credent Connect IPO Day 3, as of 5:24 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 14,04,000 14,04,000 26.54
Market Maker 1 2,52,000      2,52,000      4.76
QIB 130.40 9,48,000 12,36,15,600     2,336.33
NII 216.97 7,08,000         15,36,15,000         2,903.32
Individual 138.85 16,56,000   22,99,36,800  4,345.81    
Total 153.13 33,12,000

50,71,67,400               

9,585.46

Key Highlights – Day 3

  • Overall subscription stood at 153.13 times on Day 3 (August 17, 2026).
  • Qualified Institutional Buyers (QIBs) subscribed 130.40 times.
  • Non-Institutional Investors (NIIs) subscribed 216.97 times.
  • Individual Investors subscribed 138.85 times.
  • The Market Maker portion comprised 2,52,000 shares and was fully subscribed.
  • Overall, the IPO received bids for 50,71,67,400 shares against 33,12,000 shares available for subscription by 5:24 PM on Day 3.

Key Highlights – Day 2

  • Overall subscription stood at 12.14 times on Day 2 (August 14, 2026).
  • Qualified Institutional Buyers (QIBs) subscribed 6.45 times.
  • Non-Institutional Investors (NIIs) subscribed 9.73 times.
  • Individual Investors subscribed 16.43 times.
  • Overall, the IPO was subscribed 12.14 times by the end of Day 2.

Key Highlights – Day 1

  • Overall subscription stood at 2.18 times on Day 1 (August 13, 2026).
  • Qualified Institutional Buyers (QIBs) subscribed 1.00 time.
  • Non-Institutional Investors (NIIs) subscribed 1.59 times.
  • Individual Investors subscribed 3.11 times.
  • Overall, the IPO was subscribed 2.18 times on the opening day.

About Credent Connect Limited

Credent Connect N Care Limited was incorporated on June 25, 2015 as Credent Cold Chain Logistics Private Limited. The company subsequently changed its name to Credent Connect N Care Private Limited in 2024 and was converted into a public limited company in October 2025.

The company is a healthcare services provider offering integrated logistics, workforce solutions and technology-enabled support to diagnostic laboratories, IVD companies, pharmaceutical companies, clinics and other healthcare institutions across India. Its services include home sample collection through trained phlebotomists, operations and supply-chain support, deployment of laboratory technicians and paramedical personnel, and intra- and inter-state logistics for temperature-sensitive and time-critical healthcare samples and products.

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