Credent Connect N Care IPO

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. Incorporated in June 2015, the company operates primarily through a B2B model, serving diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals, clinics and other healthcare enterprises. Its service portfolio includes home sample collection, laboratory manpower, diagnostic and paramedical services, healthcare logistics, supply chain management, corporate wellness programmes and technology-enabled courier aggregation. The company also provides cold-chain and time-sensitive transportation solutions. Its pan-India operations are supported by warehouses, branch offices, commercial vehicles, field personnel and technology platforms.

Credent Connect N Care Limited IPO Overview

Credent Connect N Care Limited is launching a bookbuilding IPO of ₹93.90 crore, comprising 49,68,000 shares, with the issue opening for subscription on 13 August 2026 and closing on 17 August 2026. The price band has been fixed at ₹179 to ₹189 per share, with a lot size of 600 shares. Individual investors must apply for a minimum of two lots, or 1,200 shares, requiring an investment of ₹2,26,800 at the upper price band. The minimum HNI application is three lots, or 1,800 shares, amounting to ₹3,40,200. The IPO includes 2,52,000 shares reserved for the market maker, while 47,16,000 shares are offered to the public. Hem Securities Ltd. is the book-running lead manager and Kfin Technologies Ltd. is the registrar. The IPO is proposed to list on the NSE SME platform on 20 August 2026.

Credent Connect N Care Limited IPO Details

Particulars	Details
IPO Date	13 to 17 August 2026
Listing Date	20 August 2026
Face Value	₹10 per share
Issue Price Band	₹179 to ₹189 per share
Lot Size	600 Shares
Total Issue Size	49,68,000 shares (aggregating up to ₹93.90 Cr)
Fresh Issue	49,68,000 shares (aggregating up to ₹93.90 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,32,54,900 shares
Share Holding Post Issue	1,82,22,900 shares
Market Maker Portion	2,52,000 shares (aggregating up to ₹5 Cr)

Credent Connect N Care Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Credent Connect N Care Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investors (Min)	2	1,200	₹2,26,800
Individual Investors (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

Credent Connect N Care Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	87.64%
Post-Issue	63.75%

Credent Connect N Care Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹1.23
Price/Earnings (P/E) Ratio	153.66x
Return on Net Worth (RoNW)	14.13%
Net Asset Value (NAV)	₹15.59
Return on Equity (RoE)	15.20%
Return on Capital Employed (ROCE)	16.96%
EBITDA Margin	6.41%
PAT Margin	2.88%
Debt to Equity Ratio	0.47

Objectives of the Proceeds

1. Investment in Credent Healthcare Private Limited to meet its working capital requirements, with ₹17.89 crore allocated for this purpose.

2. Investment in Credent Healthcare Private Limited to finance capital expenditure requirements for machinery, with ₹2.05 crore allocated.

3. Meeting the company’s working capital requirements, with ₹26.30 crore proposed to support ongoing operational needs.

4. Repayment and/or part repayment of borrowings availed by the company, with ₹4.12 crore allocated towards this objective.

5. General corporate purposes, with the remaining proceeds proposed for permissible general corporate requirements.

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	29.50	26.41	19.49
Total Income	78.23	76.02	59.93
Profit After Tax	2.25	2.66	2.70
Net worth	15.90	13.66	10.99
Reserves and Surplus	15.70	13.46	10.79

IPO Strengths

1. Integrated healthcare logistics, workforce and diagnostic support platform.

2. Pan-India operational reach serving diverse healthcare institutions.

3. End-to-end healthcare logistics with cold-chain and time-sensitive transportation.

4. Technology-enabled operations through platforms such as C3 Post and C3 HRMS.

5. Diversified service portfolio spanning logistics, diagnostics, manpower and corporate wellness.

6. Strategic acquisitions strengthening healthcare and logistics capabilities.

7. Experienced promoter and management team with industry expertise.

Peer Group Comparison

• As per the DRHP, there are no comparable listed peers of Credent Connect N Care Limited. Therefore, information relating to peer comparison has not been provided.