Credent Connect N Care IPO
LISTEDSMECREDENTListing Performance
▲ 90.00%
Issue Price
₹189
Listing Price
₹359
Listed On
20 Aug 2026
- Price Band
- ₹179 – ₹189
- Lot Size
- 600
- Lot Value
- ₹1,13,400
- Open Date
- 13 Aug13 Aug 2026
- Close Date
- 17 Aug17 Aug 2026
- Min Investment
- ₹1,13,400
About Credent Connect N Care
Credent Connect N Care Limited is a healthcare services provider that delivers integrated logistics, workforce solutions, and technology-enabled support to healthcare institutions across India. The company’s core business involves providing comprehensive operational and logistics services to diagnostic laboratories, In Vitro Diagnostics (IVD) companies, and other healthcare enterprises. Its main offerings include temperature-controlled and time-sensitive transportation of diagnostic samples, home sample collection by trained phlebotomists, and the deployment of skilled laboratory technicians and paramedical staff at client locations. The company also manages large-scale corporate wellness programs and health camps under its “C3 Wellness” brand and operates “C3 Post,” a smart courier aggregation platform for bulk shipping, which includes cold-chain logistics. Revenue is generated directly from providing these varied logistics, operational, and healthcare support services to its business-to-business clients.
The company generates revenue through B2B healthcare logistics services including home sample collection through trained phlebotomists, deployment of laboratory technicians and paramedical staff, temperature-controlled transportation of diagnostic samples, corporate wellness programs under the C3 Wellness brand, and a smart courier aggregation platform called C3 Post.
Use of IPO Proceeds
Total allocation: ₹72.80 Cr (excludes issue expenses)
Promoters
Ashok Kumar Sharma
Non-Executive Director & Promoter · age 67
14 years of experience in Healthcare Logistics and Paramedic operations.
Karan Sharma
Whole Time Director, Chief Financial Officer & Promoter · age 36
9 years of experience in Healthcare Logistics and Paramedic operations.
Tarun Sharma
Chairman, Managing Director & Promoter · age 39
12 years of experience in Healthcare Logistics and Paramedic operations.
Dimple Sharma
Non-Executive Director & Promoter · age 40
12 years of working experience in the industry of Healthcare Logistics and Paramedic operations.
Tanveen
Promoter · age 46
Over 14 years of experience in Administration, Budgeting, facility management etc.
Pre-issue: 26.69%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE SME
Strengths (5)
- •Operates a comprehensive healthcare ecosystem and logistics platform.
- •Has established relationships with over 2,500 diagnostic laboratories across India.
- •Leverages the extensive industry experience of its promoters and directors.
- •Maintains a widespread domestic reach with operations across multiple states.
- •Expanded service capabilities through the strategic acquisition of three wholly-owned subsidiaries.
Risk Factors (5)
- •High revenue concentration, with the top 10 customers contributing over 80% of revenue.
- •Significant dependence on the financial health and testing volumes of diagnostic and healthcare companies.
- •Exposed to operational risks of sample loss, damage, or contamination during transportation.
- •Business is working capital intensive, with a large portion of assets held as trade receivables.
- •Operations are highly dependent on a large, geographically dispersed workforce of over 6,300 employees.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,13,400 |
| Retail (max) | 1 | 600 | ₹1,13,400 |
| S-HNI (min) | 2 | 1,200 | ₹2,26,800 |
| S-HNI (max) | 8 | 4,800 | ₹9,07,200 |
| B-HNI (min) | 9 | 5,400 | ₹10,20,600 |
Subscription Status
| Category | Day 1 | Day 3 |
|---|---|---|
| QIB | — | — |
| sNII (S-HNI) | — | — |
| bNII (B-HNI) | — | — |
| Retail | — | — |
| Total | — | — |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
13 Aug 2026 · Thu
Issue Closes
17 Aug 2026 · Mon
UPI Deadline
17 Aug 2026 · Mon
Allotment
18 Aug 2026 · Tue
Refund
19 Aug 2026 · Wed
Share Credit
19 Aug 2026 · Wed
Listing
20 Aug 2026 · Thu
Issue Opens
13 Aug 2026 · Thu
Issue Closes
17 Aug 2026 · Mon
UPI Deadline
17 Aug 2026 · Mon
Allotment
18 Aug 2026 · Tue
Refund
19 Aug 2026 · Wed
Share Credit
19 Aug 2026 · Wed
Listing
20 Aug 2026 · Thu
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹94.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Hem Securities Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 214.16 | 18.45 | 8.14 | — | 40.00% |
| FY24 | 77.94 | 2.25 | — | — | — |
| FY23 | 75.73 | 2.66 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 4.3 | 4.99 | 28.46 |
| Net Worth | 13.66 | 15.9 | 43.79 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
23.2x
Price ÷ EPS
EPS (FY25)
₹8
Earnings per share
RoNW
40.00%
Return on net worth
ROCE
61.81%
as reported in filing
EBITDA margin
13.3%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
9 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in Credent Connect N Care's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Credent Connect N Care's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Credent Connect N Care's filing.
Source: Credent Connect N Care offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Credent Connect N Care offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Tarun Sharma₹0.36 Cr p.a.
Chairman & Managing Director
Bachelor of Commerce (Honours)
12 years in business
- Karan Sharma₹0.36 Cr p.a.
Whole Time Director & Chief Financial Officer
Master of Business Administration
9 years
- Ashok Kumar Sharma
Non-Executive Director
- Dimple Sharma
Non-Executive Director
Senior Secondary
14 years in Human Resources and Administration
- Vanita Yadav
Independent Director
Masters in Technology (Electronic & Communication Engineering)
29 years in education and skilling
- Tejpal Singh
Independent Director
Doctor of Philosophy
31 years in Tax Administration, customs and international trade facilitation
Key Managerial Personnel (2)
- Arpita Abhilasha₹0.02 Cr p.a.
Company Secretary and Compliance Officer
Qualified Company Secretary
7 years
- Amit Gupta₹0.23 Cr p.a.
Chief Operating Officer
Associate Member - AMIETE
Over 25 years
Source: Credent Connect N Care offer document (DRHP/RHP).
Industry & Market
Per Industry Report on Logistics Solution to Medical Diagnostics, Pharmaceutical and Contract Research Organization (CRO) industry in India by Dun & Bradstreet, a report commissioned by the company (not independent).
Material Litigation
The company has one indirect tax case involving a GST demand of ₹62.11 lakhs (including interest of ₹8.26 lakhs) for FY 2019-20 related to alleged under-declaration of output tax and excess input tax credit claims; an appeal has been filed and is pending adjudication. There are no material litigations involving the promoters, directors, key managerial personnel, or group companies.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Credent Connect N Care IPO opening?
The Credent Connect N Care IPO opens on 13 Aug 2026 and closes on 17 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Credent Connect N Care IPO?
The price band for the Credent Connect N Care IPO is ₹179 to ₹189. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Credent Connect N Care IPO?
The minimum lot size is 600 shares with a minimum investment of ₹1,13,400. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Credent Connect N Care IPO today?
The latest Grey Market Premium for Credent Connect N Care is ₹45 (+23.81%). GMP is unofficial data and is not a guarantee of listing price.
When will the Credent Connect N Care IPO list on NSE and BSE?
The Credent Connect N Care IPO is expected to list on 20 Aug 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Credent Connect N Care IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Credent Connect N Care IPO a mainboard or SME issue?
Credent Connect N Care is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Credent Connect N Care IPO?
You can apply for the Credent Connect N Care IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Credent Connect N Care IPO?
The GMP-implied price (unofficial, not a forecast) is ₹234: the upper price band of ₹189 plus the latest grey market premium of ₹45, as of 28 Sep 2026, 01:00 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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