Summary
Credent Connect N Care IPO is a ₹93.90 crore book-built SME issue of 49,68,000 fresh shares, priced at ₹179 to ₹189 per share.
The IPO opens on 13 August 2026 and closes on 17 August, with tentative allotment on 18 August and NSE Emerge listing on 20 August.
Retail investors must apply for at least 1,200 shares, requiring ₹2,26,800 at the upper price of ₹189.
The company operates in healthcare logistics and support services, while key risks include customer concentration, contract renewals and SME market liquidity.
Credent Connect N Care IPO is a ₹93.90 crore SME issue. It is entirely a fresh issue of 49,68,000 equity shares, with no offer for sale. Each share carries a face value of ₹10.
The IPO will open for bidding on 13 August 2026 and close on 17 August. Allotment is expected on 18 August, while the company is tentatively scheduled to list on NSE Emerge on 20 August. The price band has been fixed at ₹179 to ₹189 per share.
One lot contains 600 shares. Retail investors need to apply for at least two lots, which means 1,200 shares and an investment of ₹2,26,800 at the upper price. For sNII investors, the minimum is three lots worth ₹3,40,200, while bNII investors must apply for at least nine lots worth ₹10,20,600.
Credent Connect N Care IPO Details
The table below provides the key details of the Credent Connect N Care IPO.
| IPO Open Date | 13 August 2026 |
| Close Date | 17 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹179 to ₹189 per share |
| Issue price | – |
| IPO Lot Size | 600 shares |
| Offer for sale | – |
| Fresh issue | 49,68,000 shares, aggregating up to ₹93.90 crore |
| Issue Type | Book-built SME IPO |
| Listing at | NSE Emerge |
| Total Issue Size | ₹93.90 crore |
| Minimum Investment | ₹2,26,800 for 1,200 shares, or 2 lots |
Credent Connect N Care IPO Timeline
The table below shows the key dates for the Credent Connect N Care IPO.
| IPO Open Date | 13 August 2026 |
| IPO Close Date | 17 August 2026 |
| Tentative Allotment | 18 August 2026 |
| Initiation of Refunds | 19 August 2026 |
| Credit of Shares to Demat | 19 August 2026 |
| Tentative Listing Date | 20 August 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 17 August 2026 |
Credent Connect Key Performance Indicators (KPI)
The table below shows Credent Connect N Care’s key performance indicators for the last three financial years.
| KPI | FY 2025-26 | FY 2024-25 | FY 2023-24 |
| ROE | 61.81% | 15.20% | 21.62% |
| ROCE | 40.00% | 16.96% | 20.00% |
| Debt Equity | 0.50x | 0.47x | 0.50x |
| RoNW | 42.13% | 14.13% | 19.51% |
| PAT Margin | 8.61% | 2.88% | 3.52% |
| EBITDA margin | 13.29% | 6.41% | 5.67% |
| Price Book Value | – | – | – |
Credent Connect Financials
The table below shows Credent Connect N Care’s financial performance for the last three financial years.
| ₹ crore | FY2026 | FY2025 | FY2024 |
| Revenue from Operations | 214.16 | 77.94 | 75.73 |
| Total Assets | 81.57 | 29.50 | 26.41 |
| Profit After Tax | 18.45 | 2.25 | 2.66 |
Credent Connect N Care IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts on 13 August 2026.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Credent Connect N Care IPO Grey Market Premium
Credent Connect N Care IPO GMP has not started as of 10 August 2026. There is currently no active grey-market premium or estimated listing gain available for the issue.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Last Updated |
| 10 August 2026 | Not started | Not available | Not available | 10 August 2026, 3:45 PM |
Note: GMP values come from the unofficial grey market and can change quickly based on demand, subscription levels and market sentiment. A GMP of ₹0 or “not started” does not indicate a confirmed listing price.
Credent Connect N Care IPO Reservation
The table below shows the category-wise share reservation for the Credent Connect N Care IPO.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | up to 2,52,000 shares |
| QIB Shares Offered | not more than 23,52,000 shares |
| NII (HNI) Shares Offered | not less than 7,08,000 shares |
| Retail Shares Offered | not less than 16,56,000 shares |
| Total Shares Offered | 49,68,000 shares |
Credent Connect N Care IPO Lot Size
The table below shows the lot size and investment requirements for different investor categories.
| Investor Category | Lots | Shares | Investment at Upper Price |
| Individual Investors (Retail) (Min) | 2 | 1,200 | ₹2,26,800 |
| Individual Investors (Retail) (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 |
Investment amounts are calculated at the upper price band of ₹189 per share.
Credent Connect N Care IPO Anchor Investors
The table below shows the available anchor investor details for the Credent Connect N Care IPO.
| Particulars | Details |
| Bid Date | 12 August 2026 |
| Shares Offered | Up to 14,11,200 shares |
| Anchor Portion Size | Up to ₹26.67 crore at the upper price band |
| Anchor lock-in period end date for 50% shares (30 Days) | Not available yet |
| Anchor lock-in period end date for remaining shares (90 Days) | Not available yet |
Credent Connect N Care IPO Prospectus
For more information on the issue, please go through the documents mentioned below.
About Credent Connect
Credent Connect N Care Limited was incorporated on 25 June 2015 as Credent Cold Chain Logistics Private Limited. It was renamed Credent Connect N Care Private Limited in 2024 and converted into a public limited company in October 2025. Tarun Sharma is the Chairman and Managing Director.
The company provides healthcare logistics, workforce support and technology-enabled services. Its work covers diagnostic laboratories, pharmaceutical companies, hospitals, clinics and other healthcare businesses across India.
Credent Connect N Care works with healthcare companies on sample collection, transport and staffing. A large part of its logistics work involves diagnostic samples that need careful handling and controlled temperatures. The company also places trained staff at client locations for collection and other healthcare support services.
The business also covers preventive health programmes and corporate wellness activities. Technology is used for functions such as assigning field personnel, recording arrivals and monitoring logistics operations.
The table below shows the key intermediaries appointed for the IPO.
| Book running lead manager | Hem Securities Limited |
| Registrar of the issue | KFin Technologies Limited |
Credent Connect N Care IPO Objectives
The table below shows how Credent Connect N Care plans to use the IPO proceeds.
| Objective | Amount |
| Investment in Credent Healthcare Private Limited for working capital | ₹26.80 crore |
| Investment in Credent Healthcare Private Limited for machinery | ₹3.00 crore |
| Company’s working capital requirements | ₹37.00 crore |
| Repayment/prepayment of certain borrowings | ₹6.00 crore |
| General corporate purposes | Remaining amount |
Strengths of Credent Connect
- Credent does not rely on just one line of business. For FY2026, healthcare services accounted for 43.04% of revenue, operations and supply chain management 27.67%, logistics services 25.26% and other services 4.03%.
- Its revenue also comes from several states. Maharashtra contributed 29.40% of FY2026 revenue, followed by Uttar Pradesh at 26.83%, Delhi at 10.93% and Karnataka at 10.55%.
- The company has built a sizeable healthcare logistics network. The company worked with 2,530 diagnostic laboratories as of 31 March 2026, up from 2,256 in FY2025 and 1,675 in FY2024.
Risks of Credent Connect
- A small group of customers still contributes a large share of business. The top five customers accounted for 59.05% of FY2026 revenue, compared with 56.05% in FY2025 and 65.37% in FY2024.
- Collections are important for day-to-day cash flow. Trade receivables stood at about ₹58.83 crore in FY2026, so delays in customer payments can increase funding pressure.
- Moving diagnostic samples leaves little room for error. The company operated 97 commercial vehicles as of 30 June 2026, and delays, damage or contamination can lead to claims and added costs.
- Staff retention is another operating concern. Employee attrition stood at 19.16% in FY2026, which matters for a business that depends on field staff across many locations.
Credent Connect N Care IPO Review
Credent Connect N Care operates in healthcare logistics and related support services, including diagnostic sample movement, staffing and technology-enabled operations. Its integrated service model, established client relationships and presence across healthcare segments support the business case for the IPO.
However, the company remains exposed to customer concentration, contract renewals and risks linked to handling time-sensitive healthcare shipments. The IPO is also an SME issue, where liquidity after listing can be lower than in mainboard stocks. Overall, investors should weigh the company’s specialised business model against its operational and issue-related risks before deciding.
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Credent Connect N Care IPO FAQs
Credent Connect N Care IPO is a ₹93.90 crore book-built SME issue comprising 49,68,000 fresh equity shares. The shares have a face value of ₹10 each.
Investors can apply through their broker, trading app or ASBA-supported bank account. Retail investors need to apply for at least 2 lots, or 1,200 shares.
The IPO has exposure to healthcare logistics and support services, but investors should also consider customer concentration, contract renewal and SME liquidity risks. The decision should depend on individual risk tolerance and investment goals.
Expected returns cannot be confirmed before listing. Credent Connect N Care IPO GMP has not started as of 10 August 2026, so there is currently no grey-market indication of potential listing gains.
Credent Connect N Care IPO will open for subscription on 13 August 2026 and close on 17 August 2026.
The IPO lot size is 600 shares. Retail investors must apply for at least 2 lots, or 1,200 shares, requiring ₹2,26,800 at the upper price of ₹189.
You can apply through a broker or ASBA-enabled bank account by selecting the IPO, entering the number of lots and submitting the bid within the price band of ₹179 to ₹189.
The tentative allotment date for the Credent Connect N Care IPO is 18 August 2026.
Credent Connect N Care IPO is tentatively scheduled to list on NSE Emerge on 20 August 2026.
