Credent Connect IPO subscribed 153.13 times on Day 3
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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