Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

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Credent Connect N Care Limited

IPO Type:

SME

Status:

Listed

Sector:

Healthcare Services

Exchange:

SME

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Credent Connect N Care Limited (originally Credent Cold Chain Logistics Pvt Ltd, incorporated June 2015, converted to public October 2025) is a healthcare services provider offering integrated logistics, workforce solutions and technology-enabled support to diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals and clinics across India. Services: home sample collection via trained phlebotomists, lab technician/paramedical staffing, inter/intra-state logistics for diagnostic samples, corporate wellness programs (C3 Wellness), courier aggregation platform (C3 Post). Revenue Rs 214.16 Cr (FY26) vs Rs 77.94 Cr (FY25); PAT Rs 18.45 Cr vs Rs 2.25 Cr. Entirely fresh issue of 49,68,000 shares. Final subscription: 142.37x overall (corrected). Listed Aug 20, 2026 on NSE SME at Rs 359.10, up 90%; traded up to Rs 377.05 (+99.50%).

Issue Size (Cr)

93.9

142.37

x times original subscription

359.1

Listing Price (₹)

Issue Dates

Aug 13-17

Price Band

₹179 to ₹189

Allotment Date

18 August 2026

Listing Date

20 August 2026

Lot Size

600

QIB (times x)

NII (timex x)

Retail (times x)

Min Investment (₹)

226800

Registrar

KFin Technologies Ltd

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