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Latest GMP
- Lead Manager
- Hem Securities Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 13th Aug 2026
- IPO Close Date
- 17th Aug 2026
- Allotment date
- 18th Aug 2026
- Listing date
- 20th Aug 2026
- Issue Size
- ₹ 94 Cr.
- Issue Price Band
- ₹ 179 to 189
- Lot Size
- 600 Share
- Minimum Investment
- ₹ 226800
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Credent Connect N Care Limited
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.
The company primarily operates on a B2B model, serving diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals, clinics, and other healthcare enterprises.
Service Portfolio
The company offers a comprehensive portfolio of healthcare services, including:
- Home sample collection through trained phlebotomists
- Stationed phlebotomy and laboratory manpower services
- Diagnostic and paramedical services
- Healthcare logistics, operations, and supply chain management
- Corporate wellness programs
- Technology-enabled courier aggregation through its C3 Post platform
Its logistics solutions support the movement of diagnostic samples, medical supplies, reagents, and other healthcare consignments through temperature-controlled and time-sensitive transportation, including cold-chain logistics.
Corporate Wellness
The company operates its corporate wellness vertical under the “C3 Wellness” brand, providing health camps, vaccination programs, preventive health check-ups, radiology and diagnostic services, and on-ground healthcare manpower.
Network & Operations
Credent Connect N Care operates through a pan-India network, supported by warehouses, branch offices, commercial vehicles, field personnel, and technology platforms for tracking, workforce management, and operational coordination.
Workforce
As of March 31, 2026, the company had a workforce of 6,338 employees, comprising 4,052 payroll and 2,286 contractual employees across various functions.
Strategic Acquisitions & Certifications
The company has expanded its capabilities through strategic acquisitions, including Credent Healthcare Private Limited, Credent Team Private Limited, and Alltrak Technologies Private Limited.
Its operations are supported by ISO 9001:2015 and ISO 15189:2022 certifications, while its experienced promoter-led management team brings expertise in healthcare logistics and operations.
Competitive Strengths
- Integrated healthcare logistics, workforce, and diagnostic support platform
- Pan-India operational reach serving diverse healthcare institutions
- End-to-end healthcare logistics with cold-chain and time-sensitive transportation
- Technology-enabled operations through platforms such as C3 Post and C3 HRMS
- Diversified service portfolio spanning logistics, diagnostics, manpower, and corporate wellness
- Strategic acquisitions strengthening healthcare and logistics capabilities
- Experienced promoter and management team with industry expertise
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 9,48,000 (28.62%) | 61,11,600 | 6.45 |
| NII | 7,08,000 (21.38%) | 71,13,600 | 10.05 |
| bNII (> ₹10L) | 4,72,000 (14.25%) | 40,74,000 | 8.63 |
| sNII (< ₹10L) | 2,36,000 (7.13%) | 30,39,600 | 12.88 |
| Retail | 16,56,000 (50.00%) | 2,67,85,200 | 16.17 |
| Total | 33,12,000 (100.00%) | 4,00,10,400 | 12.08 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 14-08-2026 | ₹189 | ₹75 | ₹264 ( 39.68% ) | ₹45,000.00 | 14-Aug-2026 10:49 AM |
| 13-08-2026 | ₹189 | ₹50 | ₹239 ( 26.46% ) | ₹30,000.00 | 13-Aug-2026 10:34 AM |
| 12-08-2026 | ₹189 | ₹35 | ₹224 ( 18.52% ) | ₹21,000.00 | 12-Aug-2026 10:07 AM |
Financials of Credent Connect N Care Limited
A quick overview of the key financial performance of Credent Connect N Care Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 175%, Profit after Tax (PAT) increased by 720%, Total Assets increased by 177% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 75.73 | 77.94 | 214.16 |
| Assets | 26.41 | 29.50 | 81.57 |
| Total Income | 76.02 | 78.23 | 214.43 |
| Profit After Tax | 2.66 | 2.25 | 18.45 |
| EBITDA | 4.30 | 4.99 | 28.46 |
| Net Worth | 13.66 | 15.90 | 43.79 |
| Reserves & Surplus | 13.46 | 15.70 | 30.54 |
| Total Borrowings | 6.85 | 7.42 | 21.95 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
1,200
₹ 2,26,800
Individual Investors (IND) (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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 1,200 | ₹ 2,26,800 |
| Individual Investors (IND) (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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 40 |
| ROCE (%) | 61.81 |
| Debt / Equity | 0.5 |
| RoNW (%) | 42.13 |
| PAT Margin (%) | 8.61 |
| EBITDA Margin (%) | 13.29 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
13.95
10.12
|
| P/E (x) |
13.58
18.68
|
| Promoter Holding (%) |
87.64
63.75
|
| Market Cap | 215 |
IPO Lead Manager(s)
Lead Manager Details
- Hem Securities Limited
- Contact Person: Neelkanth Agarwal
- SEBI Registration Number: INM000010981
- Investor Grievance Email: redressal@hemsecurities.com
- Website: https://www.hemsecurities.com
- Email: ib@hemsecurities.com
- Phone: +91-22-49060000
- Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- Phone
- +91 40-6716 2222
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Credent Connect N Care Limited
- cs@c3logistics.co.in
- Phone
- +91-9971777199
- Contact Person
- Arpita Abhilasha, Company Secretary & Compliance Officer
- Corporate Identity Number
- U63000DL2015PLC281994
- Address
- B-3, Second Floor, Nimri Commercial Complex, Ashok Vihar, Phase-4, New Delhi – 110052, Delhi, India
- Website
- https://c3logistics.co.in/
Latest News
2026-08-13
Credent Connect N Care Raises ₹26.53 Crore from Anchors
2026-08-14
Credent Connect N Care IPO Subscribed 1.99x on Day 1
Credent Connect N Care Limited FAQs
