Credent Connect
Price band ₹179–189 · Issue ₹93.90 Cr
Opens
13 Aug 2026
Closes
17 Aug 2026
Allotment
18 Aug 2026
Listing
20 Aug 2026
Lot size
600
At a glance
IPO Open Thu, Aug 13, 2026 IPO Close Mon, Aug 17, 2026 Price Band ₹179 to ₹189 Market Cap * ₹344.41 Cr * on Upper Price IPO Details IPO Date 13 to 17 Aug, 2026 Listing Date Thu, Aug 20, 2026 T Face Value ₹ 10 per share Price Band ₹179 to ₹189 Lot Size 600 Shares Sale Type Fresh capital only Issue Type Bookbuilding IPO Listing At NSE SME Total Issue Size 49,68,000 shares (agg. up to ₹ 94 Cr) Reserved for Market Maker 2,52,000 shares (agg. up to ₹ 5 Cr) Hem Finlease Pvt.Ltd. Fresh Issue (Ex Market Maker) 47,16,000 shares (agg. up to ₹ 89 Cr) Net Offered to Public 47,16,000 shares (agg. up to ₹ 89 Cr) Share Holding Pre Issue 1,32,54,900 shares Share Holding Post Issue 1,82,22,900 shares IPO Timetable (Tentative) IPO Open Thu, Aug 13, 2026 IPO Close Mon, Aug 17, 2026 Allotment Tue, Aug 18, 2026 Refund Wed, Aug 19, 2026 Credit of Shares Wed, Aug 19, 2026 Listing Thu, Aug 20, 2026 IPOs Timetable Issue Reservation Credent Connect IPO comprises a total issue size of 49,68,000 shares. The net offer to the public is 47,16,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 23,52,000 are allocated to QIB , 7,08,000 (15.01%) allocated to NII 16,56,000 (35.11%) allocated to RII . Investor Category Shares % of Net Issue % of Total Issue QIB 23,52,000 NII (HNI) 7,08,000 15.01% 14.25% Retail 16,56,000 35.11% 33.33% Firm Reservations Market Maker 2,52,000 5.07% Total 49,68,000 100.00% 100.00% IPO Lot Size Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. Application Lots Shares Amount Individual investors (IND) (Min) 2 1,200 ₹2,26,800 Individual investors (IND) (Max) 2 1,200 ₹2,26,800 S-HNI (Min) 3 1,800 ₹3,40,200 S-HNI (Max) 8 4,800 ₹9,07,200 B-HNI (Min) 9 5,400 ₹10,20,600 IPO Subscription Details 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 enterprises
The 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.
Overview
Credent Connect IPO is a book build issue of ₹93.90 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹93.90 crore.
Credent Connect IPO opens for subscription on Aug 13, 2026 and closes on Aug 17, 2026. The allotment for the Credent Connect IPO is expected to be finalized on Aug 18, 2026. Credent Connect IPO will list on the NSE SME with a tentative listing date fixed as Aug 20, 2026.
Credent Connect IPO is set issue price band at ₹179 to ₹189 per share. The lot size for an application is 600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,26,800 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,40,200.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd.
Refer to Credent Connect IPO RHP for detailed Information.
Issue details
IPO Date
13 to 17 Aug, 2026
Listing Date
Thu, Aug 20, 2026T
Face Value
₹10 per share
Price Band
₹179 to ₹189
Lot Size
600 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1,200 | ₹2,26,800 |
| Individual investors (IND) (Max) | 2 | 1,200 | ₹2,26,800 |
| S-HNI (Min) | 3 | 1,800 | ₹3,40,200 |
| S-HNI (Max) | 8 | 4,800 | ₹9,07,200 |
| B-HNI (Min) | 9 | 5,400 | ₹10,20,600 |
Issue reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 23,52,000 | ||
| NII (HNI) | 7,08,000 | 15.01% | 14.25% |
| Retail | 16,56,000 | 35.11% | 33.33% |
| Firm Reservations | |||
| Market Maker | 2,52,000 | 5.07% | |
| Total | 49,68,000 | 100.00% | 100.00% |
About the company
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 enterprises
The 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.
- Integrated 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.
Financials
| Metric | Mar 31, 2026 |
|---|---|
| Assets | 81.57 |
| Total Income | 214.43 |
| Profit After Tax | 18.45 |
| EBITDA | 28.46 |
| NET Worth | 43.79 |
| Reserves and Surplus | 30.54 |
| Total Borrowing | 21.95 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 61.81% | 15.20% |
| ROCE | 40.00% | 16.96% |
| Debt/Equity | 0.50 | 0.47 |
| RoNW | 42.13% | 14.13% |
| PAT Margin | 8.61% | 2.88% |
| EBITDA Margin | 13.29% | 6.41% |
| NAV | 33.12 | 15.59 |
| Price to Book Value | 5.71 | 12.12 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
13.92
P/E (x)
13.58
Market Cap at Offer Price
₹251Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 87.64% | 63.75% |
| Public | 12.36% | 36.25% |
| Total | 100% | 100% |
Objects of the issue
- — Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
- — Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
- — To meet Working Capital Requirements
- — Repayment and/or repayment, in full or part, of borrowing availed by the Company
- — General corporate purposes
Intermediaries
Registrar
Kfin Technologies Ltd.
Lead manager(s)
Hem Securities Ltd.
FAQs
How to apply in Credent Connect IPO through Zerodha?+
Zerodha customers can apply online in Credent Connect IPO using UPI as a payment gateway. Zerodha customers can apply in Credent Connect IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Credent Connect IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Credent Connect IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Credent Connect IPO will open?+
The Credent Connect IPO opens on Thu, Aug 13, 2026 and closes on Mon, Aug 17, 2026.
What is the lot size of Credent Connect IPO?+
Credent Connect IPO lot size is 600 , and the minimum amount required for application is ₹2,26,800 , with 2 lots being the minimum application size .
How to apply for Credent Connect IPO?+
You can apply in Credent Connect IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Credent Connect IPO allotment?+
The finalization of Basis of Allotment for Credent Connect IPO will be done on Tuesday, August 18, 2026 , and the allotted shares will be credited to your demat account by Wed, Aug 19, 2026 . Check the Credent Connect IPO allotment status .
When is Credent Connect IPO listing date ?+
The Credent Connect IPO listing date is not yet announced. The tentative date of listing is Thu, Aug 20, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.