Credent Connect N Care was incorporated on June 25, 2015. The company provides integrated logistics, workforce and technology-enabled support services to healthcare institutions across India. It offers end-to-end operational and logistics solutions to diagnostic laboratories, IVD and pharmaceutical companies, clinics and other healthcare enterprises
| Bidding Dates |
|---|
| 13 Aug 2026 - 17 Aug 2026 |
| Subscription |
|---|
| 142.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,14,800 | 2 | 2 | 600 | 5.0 M | ₹179 - ₹189 | 68.54 % | ₹889.3 M - ₹939.0 M | RHP DOC |
Credent Connect N Care IPO SUBSCRIPTION STATUS
17 Aug '26Credent Connect N Care IPO overall subscription rate was 142.38 times the total available shares
Credent Connect N Care IPO retail subscription rate was 184.35 times in the retail segment
Credent Connect N Care IPO non-institutional investor subscription rate was 287.82 times in the non-institutional investor category
Credent Connect N Care IPO Qualified Institutional Bidder subscription rate was 69.37 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Aug 2026 (Day 3) | 184.35x | 287.82x | 69.37x |
14 Aug 2026 (Day 2) | 21.47x | 13.31x | 3.43x |
13 Aug 2026 (Day 1) | 4.04x | 2.1x | 0.53x |
Credent Connect N Care FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 214.2 | 18.4 | -6.6 | -12.1 | 13.3% |
| FY25 | 77.9 | 2.2 | 5.5 | -1.4 | 6.4% |
| FY24 | 75.7 | 2.7 | 0.8 | 0.8 | 5.7% |
Credent Connect N Care IPO SUBSCRIPTION STATUS DETAILS
Credent Connect N Care had 5.0 M shares on offer
Credent Connect N Care IPO offer price was in the range ₹179 - ₹189
Credent Connect N Care IPO minimum Investment was ₹214800
Credent Connect N Care IPO issue size was ₹ 889.3 M - ₹ 939.0 M
Credent Connect N Care had a minimum lot size of 600 Shares per application
Credent Connect N Care NUMBER OF SHARES ON OFFER
Credent Connect N Care IPO IMPORTANT DATES
| Issue Open Date | 13 Aug 2026 |
| Issue close Date | 17 Aug 2026 |
| Allotment Date | 18 Aug 2026 |
| Refund Date | 19 Aug 2026 |
| Demat Account Credit Date | 19 Aug 2026 |
| Listing Date | 20 Aug 2026 |
| Listing on Exchange(s) | NSE |
| Credent Connect N Care Allotment Status | Exchange/ Registrar |
Credent Connect N Care IPO subscription opened on 13 Aug 2026, and closed on 17 Aug 2026
IPO allotment for Credent Connect N Care was finalized on Tuesday, 18 Aug 2026
IPO listing for Credent Connect N Care was on NSE on Thursday, 20 Aug 2026
Credent Connect N Care IPO LISTING GAINS
| Issue Price (adjusted) | 189.0 |
| Listing Open Price | 359.1 |
| Listing Close Price | 377.1 |
| Listing Gain% | 90.0% |
| Current Gain% | 88.0% |
Credent Connect N Care Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credent Connect N Care Ltd. | 355.4 | 647.6 | 35.1 | 3 | 42.1 | 22.6 | 214.4 | 18.4 | 10.1 | ||||
| Container Corporation of India Ltd. | 517 | 39375.6 | 31.7 | -7.5 | 4.3 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 449 | 33637.6 | 359.6 | -6.8 | 3 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 246.1 | 14437.6 | 85.4 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5007 | 11880.6 | 41.4 | 2.6 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| LEAP India Ltd. | 159.6 | 7033.2 | 9 | 2.6 | 747.4 | 54.1 | 62.3 | 66 |
Credent Connect N Care INFORMATION ON IPO ISSUE
About Credent Connect N Care
Credent Connect N Care was incorporated on June 25, 2015. The company provides integrated logistics, workforce and technology-enabled support services to healthcare institutions across India. It offers end-to-end operational and logistics solutions to diagnostic laboratories, IVD and pharmaceutical companies, clinics and other healthcare enterprises
Object of the Issue
- Investment in their wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
- Investment in their 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
Credent Connect N Care - PROMOTERS
| Name |
|---|
| Ashok Kumar Sharma |
| Karan Sharma |
| Tarun Sharma |
| Dimple Sharma |
| Tanveen |
Credent Connect N Care - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Tarun Sharma | Chairman & Managing Director |
| Karan Sharma | Whole-Time Director & Chief Financial Officer |
| Ashok Kumar Sharma | Non-Executive Director |
| Dimple Sharma | Non-Executive Director |
| Vanita Yadav | Independent Director |
| Tejpal Singh | Independent Director |
Credent Connect N Care Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Credent Connect N Care Registrar to the Offer
KFin Technologies Private Limited
credentconnect.ipo@kfintech.com
Credent Connect N Care Strengths
Comprehensive healthcare ecosystem
The company operates a healthcare ecosystem and logistics platform serving hospitals, clinics, diagnostic laboratories, pharmaceutical companies and other healthcare businesses. It provides time-sensitive, cold-chain and multimodal logistics, along with sample collection, medical staffing, corporate wellness and technology-enabled tracking services
Client relationship
The company has a strong base of repeat customers, with around 245 domestic customers in FY25, including 36 customers associated with it for three consecutive years. Regular communication, tailored logistics solutions and reliable, timely delivery of samples help strengthen customer relationships and drive repeat business
Widespread reach in domestic markets
The company operates across multiple Indian states, including Maharashtra, Uttar Pradesh, Delhi, Karnataka, Haryana, Telangana and Rajasthan, generating revenue across these regions. For the six months ended September 2025, Maharashtra was the largest contributor at 30.96% of total revenue, followed by Uttar Pradesh at 18.87% and Delhi at 13.44%
Credent Connect N Care Risks
Demand risk
The company’s business is significantly dependent on diagnostic laboratories and hospitals, with service volumes linked to their testing volumes, expansion and outsourcing requirements. Declining demand, increased insourcing, regulatory challenges or financial issues among clients could reduce service volumes, underutilise resources and adversely affect revenue, margins and cash flows
Transportation risk
The company is exposed to risks of loss, damage, contamination, mislabelling or delays while transporting time-sensitive diagnostic samples under controlled conditions. Such incidents could require sample recollection, delay diagnosis, cause client and patient dissatisfaction, and result in financial liabilities and reputational damage
Renewal & retention risk
The company depends on service contracts with diagnostic laboratories and corporate clients that are subject to renewal, renegotiation or termination. Loss of contracts, unfavourable pricing, stricter service requirements or client insourcing could reduce revenue, margins and resource utilisation, adversely affecting business and financial performance
IPO FAQs
The promoters of the company are Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma and Tanveen.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 179.0 - 189.0.
The IPO application opens on Aug 13, 2026 and closes on Aug 17, 2026.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 214,800.0, the maximum value for this IPO is Rs 226,800.0.
This IPO will be allotted on Aug 18, 2026.
The refund will be credited to your account on Aug 19, 2026.
The allotted shares will be credited to your demat on Aug 19, 2026.
Credent Connect N Care Ltd.’s shares listed on the stock exchanges on Aug 20, 2026.