Credent Connect N Care IPO- Company Analysis
Credent Connect N Care IPO under the SME IPO category is a book build issue of Rs. 93.90 Cr by Credent Connect N Care Limited, which is a provider of integrated healthcare services and logistics that offers healthcare facilities throughout India, technology-enabled operational, personnel, and supply chain solutions. Serving diagnostic labs, IVD firms, pharmaceutical companies, hospitals, clinics, and other healthcare businesses, the company mostly uses a business-to-business (B2B) approach.
The company provides a wide range of healthcare services, such as corporate wellness programs, healthcare logistics, operations and supply chain management, stationed phlebotomy and laboratory manpower services, diagnostic and paramedical services, home sample collection by qualified phlebotomists, and technology-enabled courier aggregation through its C3 Post platform.
With the help of warehouses, branch offices, commercial vehicles, field workers, and technological platforms for labor management, tracking, and operational coordination, Credent Connect N Care runs a pan-Indian network.
Credent Connect N Care IPO Details
The Credent Connect N Care IPO date of opening is 13 Aug 2026; its initial public offering will end on 17 Aug, IPO allotment on Aug 18 and refund initiation on Aug 19, 2026.
The Rs. 93.90 crore new SME IPO comprises a wholly fresh issue of 0.50 crore shares.
The Credent Connect N Care IPO listing date (expected) might be Thursday, Aug 20, 2026, and the listing on the NSE and SME.
The Credent Connect N Care IPO price band is Rs. 179 to Rs. 189.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 13, 2026 |
|
IPO Closing Date |
Aug 17, 2026 |
|
IPO Allotment Date |
Aug 18, 2026 |
|
Refund Initiation |
Aug 19, 2026 |
|
IPO Listing Date |
Aug 20, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
29.50 |
26.41 |
|
Total Income |
78.23 |
76.02 |
|
Profit After Tax |
2.25 |
2.66 |
|
EBITDA |
4.99 |
4.30 |
|
Net Worth |
15.90 |
13.66 |
|
Reserves and Surplus |
15.70 |
13.46 |
|
Total Borrowing |
7.42 |
6.85 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(662.34) |
548.10 |
80.93 |
|
Net Cash Flow Investing Activities |
(1,078.16) |
(619.20) |
(113.15) |
|
Net Cash Flow Financing Activities |
1,865.52 |
(38.33) |
216.49 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement. ~ Rs. 26.80 Cr.
-
Investment in the wholly owned subsidiary, Credent Healthcare Private Limited, to finance its capital expenditure requirements for machinery. ~ Rs. 3 Cr.
-
To meet Working Capital Requirements. ~ Rs. 37 Cr.
-
Repayment and/or repayment, in full or part, of borrowing availed by the Company. ~ Rs. 6 Cr.
-
General Corporate Purposes.
Listed Peers of Credent Connect N Care Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
61.81% |
|
ROCE |
40% |
|
Debt/Equity |
0.50 |
|
RoNW |
42.13% |
|
PAT Margin |
8.61% |
|
EBITDA Margin |
13.29% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 13.95 from the last year, the resulting P/E ratio is 13.54x.
Explore the Optimystix Entertainment IPO.
IPO's 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.
IPO's Weaknesses
-
Expensive Valuations
-
Thin Margins
-
Concentration & Sector Risks.
Credent Connect N Care IPO GMP (Grey Market Premium)
Credent Connect N Care IPO GMP today has not started yet as of 11 August 2026, while writing this information.
Credent Connect N Care IPO Summary
|
IPO Opening & Closing Date |
13 Aug, 2026 to 17 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 179 to Rs. 189 per Share. |
|
Lot Size |
600 Shares |
|
Issue Size |
49,68,000 Shares (Rs. 94 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
47,16,000 Shares (Rs. 89 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Book-build Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (1200 Shares) for Rs. 2,26,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (1800 Shares) for Rs. 3,40,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Credent Connect N Care IPO Allotment Status
To check the Credent Connect N Care IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Credent Connect N Care Ltd.
-
Ashok Kumar Sharma
-
Karan Sharma
-
Tarun Sharma
-
Dimple Sharma
-
Tanveen.
|
Pre-Issue Promoter Shareholding |
87.64% |
|
Post-Issue Promoter Shareholding |
63.75% |
IPO Lead Managers
Hem Securities Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
With a pan-India network and technology-enabled operations, the Credent Connect N Care IPO provides exposure to India's growing healthcare logistics and support services industry. Investors should take into account the company's weak margins, negative operational cash flow in FY 2026, and industry concentration risks despite its outstanding return ratios and growth potential.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
