SME
IPO ·
NSE SME
Credent Connect N Care Ltd
Listed
Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited.
Issue details
Price band
₹179 – ₹189
Face value
₹10
Lot size
600 shares
Minimum investment
₹2,26,800
Issue size
₹93.90 Cr
Fresh issue
₹89.13 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
13 Aug 2026
Closes
17 Aug 2026
UPI mandate cut-off
5:00 PM on 17 Aug 2026
Allotment
18 Aug 2026
Refunds
19 Aug 2026
Shares in demat
19 Aug 2026
Listing
20 Aug 2026
Subscription and listing
Subscription
107.07x
Listing price
₹359.10
Registrar
Kfin Technologies Ltd
Lead manager
Hem Securities
Subscription by category
Total
107.07x
Total applications
2,27,111
Anchor investors
Amount raised
₹26.54 Cr
Bid date
12 Aug 2026
50% lock-in ends
17 Sep 2026
Rest lock-in ends
16 Nov 2026
Listing day
Issue price
₹189
Open
₹359.10
High
₹377.05
Low
₹359.10
Day close
₹377.05
Listing gain at open
+90.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
23,52,000
47.34%
Anchor Investor
14,04,000
28.26%
QIB (Ex. Anchor)
9,48,000
19.08%
NII
7,08,000
14.25%
bNII > ₹10L
4,70,400
9.47%
sNII < ₹10L
2,37,600
4.78%
Retail
16,56,000
33.33%
Market Maker
2,52,000
5.07%
Total
49,68,000
100.00%
Finaccle’s quick read
Avoid
FY25 income up 3%, PAT down 15%, ROE 61.81%, D/E 0.50, post-issue P/E 18.68x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited. Credent Connect N Care Limited is an integrated healthcare services and logistics provider offering technology-enabled operational, workforce and supply chain solutions to healthcare institutions across India.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
61.81%
ROCE
40.00%
Debt / equity
0.50
PAT margin
8.61%
P/E post issue
18.68
Market cap
₹344.41 Cr
Use of IPO money
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement
₹26.80 Cr
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery
₹3.00 Cr
To meet Working Capital Requirements
₹37.00 Cr
Repayment and/or repayment, in full or part, of borrowing availed by the Company
₹6.00 Cr
General corporate purposes
₹8.92 Cr
Issue Expenses
₹12.17 Cr
Strengths
✓
ROE of 61.81% and ROCE of 40.00%
✓
Moderate leverage: debt to equity 0.50
Risks to watch
!
PAT fell 15% in FY25
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 8.61%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.