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Credent Connect N Care IPOLISTED
Credent Connect N Care is a pan-India healthcare services and logistics provider offering diagnostics, manpower, supply chain and cold-chain solutions.
Listing price
₹359.1
Listing gain
+90.00%
Current
₹359.1
Listed
20 Aug 26
Opens
13 Aug 26Closes
17 Aug 26Allotment
18 Aug 26Refund
19 Aug 26Demat
19 Aug 26Listing
20 Aug 26Listed at
₹359.1
+90.00% on 20 Aug 26
Overview
Price band
₹179-189
Lot size
600 shares
Min. investment
₹2,26,800
Issue size
₹93.90 Cr
49.68 L shares
Fresh issue
₹93.9 Cr
49.68 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 2,52,000 | 5.07% |
| QIB | 9,48,000 | 47.35% |
| NII (HNI) | 7,08,000 | 14.25% |
| B-HNI | 4,72,000 | — |
| S-HNI | 2,36,000 | — |
| Individual | 16,56,000 | 33.33% |
| Total | 35,64,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,26,800 |
| 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 |
Listing performance
NSE/BSE: CREDENTListing gain
+90.00%
Gain per retail lot
₹2,04,120
Latest vs issue
—
GMP was
₹50 (+26.46%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Credent Connect N Care Live GMP
Not enough GMP history yet to draw a trend.
Subscription
18 Aug, 12:00 amOversubscribed 153.21 times · 2,30,223 applications
Total applications
2,30,223
Total bid amount
₹9,591 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 9,48,000 | 12,36,15,600 | 130.40x | ₹2,336 Cr |
| NII (HNI) | 7,08,000 | 15,38,67,000 | 217.33x | ₹2,908 Cr |
| B-HNI | 4,72,000 | 12,08,84,400 | 256.11x | ₹2,285 Cr |
| S-HNI | 2,36,000 | 3,29,82,600 | 139.76x | ₹623 Cr |
| Retail | 16,56,000 | 22,99,52,400 | 138.86x | ₹4,346 Cr |
| Total | 33,12,000 | 50,74,35,000 | 153.21x | ₹9,591 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 262 | 21,651 | 82.64x |
| S-HNI | 131 | 16,751 | 127.87x |
| Retail | 1,380 | 1,91,627 | 138.86x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
61.81%
PAT Margin
8.61%
ROCE
40%
EBITDA Margin
13.29%
Debt to Equity Ratio
0.5
Price to Book Value
5.71
RoNW
42.13%
Valuation vs listed peers
EPS Pre IPO
₹13.92
EPS Post IPO
₹10.12
P/E Pre IPO
13.58
P/E Post IPO
18.68
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+182.1%
Profit growth FY24 → FY26
+593.6%
ROCE
40.00%
- PAT margin 8.6% and ROCE 40.0%.
Strengths & risks
- Integrated healthcare logistics platform.
- Strong repeat customer base.
- Experienced management team.
- Wide operational network.
Buzz score · Solid
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement. | 26.8 |
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery. | 3 |
| To meet Working Capital Requirements. | 37 |
| Repayment and/or repayment, in full or part, of borrowing availed by the Company. | 6 |
| General corporate purposes | - |
Company & documents
Credent Connect N Care Limited is a New Delhi-based healthcare services company providing integrated healthcare logistics, workforce solutions, and technology-enabled support services to healthcare institutions across India.
The company provides B2B healthcare logistics, including diagnostic sample and reagent transportation between collection points, laboratories, and healthcare facilities.
Its services include home sample collection, phlebotomy, supply chain management, and deployment of laboratory and paramedical staff, along with temperature-controlled healthcare logistics.
The company operates C3 Wellness for corporate health programs and C3 Post, a technology-enabled platform for courier aggregation, bulk shipping, and cold-chain logistics.
As of September 30, 2025, Credent had 2,039 riders and 94 commercial vehicles, supported by two warehouses and four branch offices across India.
For the six months ended September 30, 2025, Healthcare Services contributed 45.82% of revenue, followed by Logistics Services at 29.17% and Operations & Supply Chain Management at 21.60%.
Registrar
Company contact
Credent Connect N Care Ltd.
B-3, Second Floor, Nimri Commercial Complex, Ashok Vihar, Phase-4, Delhi, New Delhi, 110052
Phone: +91-9971777199
Email: cs@c3logistics.co.in
Book running lead managers
- Hem Securities Ltd.
Promoters
- Ashok Kumar Sharma
- Karan Sharma
- Tarun Sharma
- Dimple Sharma
- Tanveen