Credent Connect N Care IPO
Price Band
₹179 – ₹189
Issue Size
₹93.9 Cr
Lot Size
600 shares
Min ₹2,26,800
Issue Dates
13 Aug – 17 Aug 2026
Listing Date
20 Aug 2026
About Credent Connect N Care Limited
Credent Connect N Care Limited (incorporated in June 2015 as Credent Cold Chain Logistics Private Limited) is an integrated healthcare services and logistics provider offering technology-enabled operational, workforce and supply chain solutions to healthcare institutions across India. It operates on a B2B model serving diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals, clinics and other healthcare enterprises. Services include home sample collection through trained phlebotomists, stationed phlebotomy and laboratory manpower, diagnostic and paramedical services, cold-chain and time-sensitive healthcare logistics, operations and supply chain management, corporate wellness programs under the 'C3 Wellness' brand, and technology-enabled courier aggregation through its 'C3 Post' platform. The company operates through a pan-India network of warehouses, branch offices, commercial vehicles and field personnel, and has grown through acquisitions including Credent Healthcare Private Limited, Credent Team Private Limited and Alltrak Technologies Private Limited.
IPO Details
| Price Band | ₹179 – ₹189 |
| Face Value | ₹10 |
| Lot Size | 600 shares(Min ₹2,26,800) |
| Issue Size | ₹93.9 Cr |
| Fresh Issue | ₹93.9 Cr |
| Total Shares Offered | 49,68,000 |
| Listed On | NSE |
Objects of the Issue
Net proceeds are proposed to be used for: investment in wholly owned subsidiary Credent Healthcare Private Limited to meet its working capital requirements (₹26.80 Cr); investment in Credent Healthcare Private Limited to finance capital expenditure for machinery (₹3.00 Cr); to meet the company's own working capital requirements (₹37.00 Cr); repayment/prepayment, in full or part, of borrowings availed by the company (₹6.00 Cr); and general corporate purposes.
Key Financial Metrics
ROE
15.2%
ROCE
16.96%
Debt / Equity
0.47
Financial Performance
| Particulars (₹ Cr) | FY2024 | FY2025 | FY2026 (Consolidated) |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 4.3 | 4.99 | 28.46 |
| PAT | 2.66 | 2.25 | 18.45 |
| Total Assets | 26.41 | 29.5 | 81.57 |
| Net Worth | 13.66 | 15.9 | 43.79 |
| Total Borrowings | 6.85 | 7.42 | 21.95 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| Retail (RII) | 2 × 600 | ₹2,26,800 | ₹2,26,800 |
| S-HNI | 3 × 600 | ₹3,40,200 | ₹9,07,200 |
| B-HNI | 9 × 600 | ₹10,20,600 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 49.87% | No |
| NII (HNI) | 15.01% | No |
| Retail | 35.11% | Yes |
| Market Maker | 5.07% | No |
Registrar & Lead Managers
Registrar
Lead Managers (1)
Frequently Asked Questions
4 questions about Credent Connect N Care IPO IPO
Important Dates
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