Credent Connect N Care IPO Day 1 Subscription Status: Issue Booked 1.02x so Far
Authored By HDFC SKY | Last Modified: Aug 13, 2026 01:31 PM IST
Credent Connect N Care IPO Day 1 subscription status: Bidding opened on August 13, with demand across retail, QIB and NII categories as the issue entered the market.
Mumbai, August 13: The Credent Connect N Care IPO opened for subscription on August 13, with investors placing bids across the retail, qualified institutional buyer (QIB) and non-institutional investor (NII) categories. The ₹93.90 crore issue will remain open until August 17.
The book-built issue comprises 49,68,000 fresh equity shares. Of these, 2,52,000 shares are reserved for the market maker, leaving 47,16,000 shares as the net issue offered to the public. The price band has been fixed at ₹179 to ₹189 per share.
At the reported timestamp of 12:44:03 PM on August 13, the issue had received 1,778 applications.
Credent Connect N Care IPO Day 1 Subscription Status
The Credent Connect N Care IPO had received bids for 33,86,400 shares against 33,12,000 shares on offer to the public at the reported time.
| Category | Shares Offered | Shares Bid For | Subscription |
| QIB (Ex Anchor) | 9,48,000 | 9,48,000 | 1.00x |
| NII/HNI | 7,08,000 | 4,38,000 | 0.62x |
| Retail | 16,56,000 | 20,04,000 | 1.21x |
| Total | 33,12,000 | 33,86,400 | 1.02x |
Retail investors had placed bids for more shares than the portion reserved for the category, while the QIB portion was fully subscribed at the reported time. The NII segment was yet to reach full subscription.
Category-wise Credent Connect N Care IPO Subscription Status
Within the NII category, the smaller NII segment recorded stronger demand than the bNII segment during the first day of bidding.
| Category | Shares Offered | Shares Bid For | Subscription |
| QIB (Ex Anchor) | 9,48,000 | 9,48,000 | 1.00x |
| NII/HNI | 7,08,000 | 4,38,000 | 0.62x |
| bNII (> ₹10L) | 4,72,000 | 2,63,400 | 0.56x |
| sNII (< ₹10L) | 2,36,000 | 1,74,600 | 0.74x |
| Individual Investors | 16,56,000 | 20,04,000 | 1.21x |
| Total | 33,12,000 | 33,86,400 | 1.02x |
The QIB subscription shown above excludes the market maker portion. The issue has 2,52,000 shares reserved for the market maker on a firm basis.
Credent Connect N Care IPO Day-Wise Subscription Summary
As this is the first day of bidding, the subscription record currently covers only August 13. The issue is scheduled to remain open for another two days.
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
| August 13, 2026 (Day 1) | 1.00x | 0.62x | 0.56x | 0.74x | 1.21x | 1.02x |
Credent Connect N Care IPO Timeline
| IPO Milestone | Date |
| Issue Open Date | August 13, 2026 |
| Issue Close Date | August 17, 2026 |
| Basis of Allotment Date | August 18, 2026 |
| Initiation of Refunds | August 19, 2026 |
| Credit of Shares | August 19, 2026 |
| Listing Date | August 20, 2026 |
Brief Overview Of The IPO
Credent Connect N Care IPO is a ₹93.90 crore book-built issue comprising 49,68,000 fresh equity shares. The price band is ₹179 to ₹189 per share, and the lot size is 600 shares. For a retail investor, the minimum application is two lots, or 1,200 shares, requiring ₹2,26,800 at the upper end of the price band.
The company operates in healthcare logistics and support services, providing services including home sample collection, phlebotomy teams, healthcare supply chain operations and temperature-controlled movement of samples and healthcare products.
The IPO opened on August 13, 2026 and will close on August 17, 2026. The tentative listing date is August 20, 2026 on the NSE SME platform.
Hem Securities Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue.
Source:
- https://www.chittorgarh.net/reports/anchor-investor/credent-connect-n-care-anchor-list.pdf
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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