Credent Connect N Care IPO GMP today is Rs 50. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
CREDENT
Credent Connect N Care IPO GMP, Subscription & Allotment Status Today
Credent Connect N Care Limited is a healthcare services provider that delivers integrated logistics, workforce solutions, and technology-enabled support to healthcare institutions across India. The company’s core business involves providing comprehensive operational and logistics services to diagnostic laboratories, In Vitro Diagnostics (IVD) companies, and other healthcare enterprises. Its main offerings include temperature-controlled and time-sensitive transportation of diagnostic samples, home sample collection by trained phlebotomists, and the deployment of skilled laboratory technicians and paramedical staff at client locations. The company also manages large-scale corporate wellness programs and health camps under its “C3 Wellness” brand and operates “C3 Post,” a smart courier aggregation platform for bulk shipping, which includes cold-chain logistics. Revenue is generated directly from providing these varied logistics, operational, and healthcare support services to its business-to-business clients.
- Price Band
- ₹179.00 - ₹189.00
- Lot Size
- 600 Shares
- Bidding Closes
- 17 Aug 2026
- Listing Date
- 20 Aug 2026
Current GMP Status
₹50
+26.46% vs upper band
Est. Listing Gain
+26.46%
Last Trend
13 Aug 2026
Listing Price
Est. ₹239
Retail Entry
₹2,26,800
IPO Details
Complete IPO information
| Current GMP | ₹50 |
|---|---|
| Estimated Listing Gain | +26.46% |
| Price Band | ₹179.00 - ₹189.00 |
| Issue Price | Approx ₹189.00 Crores |
| Listing Price | Est. ₹239 |
| Lot Size | 600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 153.13x |
| Listing Date | 20 Aug 2026 |
| Minimum Investment | ₹2,26,800 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 9.48 | 1236.16 | 130.40x |
| NII | 7.08 | 1536.15 | 216.97x |
| Retail | 16.56 | 2299.52 | 138.86x |
| Overall Subscription | 33.12 | 5071.83 | 153.13x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Credent Connect N Care is priced at ₹189 per share. With a minimum lot size of 600 shares, a retail investor applying for one lot would need approximately ₹2,26,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Credent Connect N Care stands at ₹50, implying an estimated listing gain of around 26.46% over the issue price if it holds until listing. This is up ₹15 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Credent Connect N Care's IPO was subscribed 153.13x overall, with a category-wise breakdown of Retail 138.86x, QIB 130.4x, NII 216.97x.
Among the strengths highlighted in Credent Connect N Care's IPO documents: Operates a comprehensive healthcare ecosystem and logistics platform.; Has established relationships with over 2,500 diagnostic laboratories across India..
Investors should also weigh the risk factors Credent Connect N Care has disclosed, including: High revenue concentration, with the top 10 customers contributing over 80% of revenue..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
13 Aug 2026
✓
Bidding Closes
17 Aug 2026
03
Allotment Next
18 Aug 2026
04
Listing
20 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 13 Aug 2026 | ₹50.00 | +₹15.00 | 26.46% |
| 12 Aug 2026 | ₹35.00 | - | 18.52% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,200 | ₹2,26,800 |
| Retail Maximum | 2 Lot | 1,200 | ₹2,26,800 |
| S-HNI Minimum | 3 Lot | 1,800 | ₹3,40,200 |
| S-HNI Maximum | 8 Lot | 4,800 | ₹9,07,200 |
| B-HNI Minimum | 9 Lot | 5,400 | ₹10,20,600 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Operates a comprehensive healthcare ecosystem and logistics platform.
- Has established relationships with over 2,500 diagnostic laboratories across India.
- Leverages the extensive industry experience of its promoters and directors.
- Maintains a widespread domestic reach with operations across multiple states.
- Expanded service capabilities through the strategic acquisition of three wholly-owned subsidiaries.
Risks
- High revenue concentration, with the top 10 customers contributing over 80% of revenue.
- Significant dependence on the financial health and testing volumes of diagnostic and healthcare companies.
- Exposed to operational risks of sample loss, damage, or contamination during transportation.
- Business is working capital intensive, with a large portion of assets held as trade receivables.
- Operations are highly dependent on a large, geographically dispersed workforce of over 6,300 employees.
Analysis
Credent Connect N Care IPO Details
The Credent Connect N Care IPO is a Book Building Issue with a total issue size of approximately ₹93.90 crores. The public offering consists of a fresh issue of approximately ₹93.90 crores.
The IPO is scheduled to open for subscription on August 13, 2026 and close on August 17, 2026. Credent Connect N Care has fixed the IPO price band at ₹179 to ₹189 per equity share, while the face value is ₹10 per equity share. The company's shares are proposed to be listed on the NSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 13, 2026 |
| IPO Close Date | August 17, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹179 to ₹189 Per Share |
| Issue Size | Approx ₹93.90 Crores |
| Fresh Issue | Approx ₹93.90 Crores |
| Offer for Sale (OFS) | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
Note: The above details represent the proposed Credent Connect N Care IPO structure. Investors should evaluate the company's financial performance, IPO valuation, business prospects, objects of the issue and associated risks before making an investment decision.
Analysis
Credent Connect N Care IPO Reservation
The Credent Connect N Care IPO has a category-wise reservation structure for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The allocation determines the portion of the IPO available for subscription by each category of investors.
As per the proposed reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. Non-Institutional Investors have a reservation of 15%, while 35% of the offer is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) (Ex. Anchor) | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Note: The exact number of shares available under each investor category can be updated once the final category-wise allocation is available. Final allotment will depend on the subscription received and the basis of allotment.
Analysis
Credent Connect N Care IPO Anchor Investors
The Credent Connect N Care IPO includes an anchor investor portion as part of its institutional allocation. The anchor bidding date and final allocation details, including the names of participating institutional investors, number of shares allocated and total anchor investment amount, are currently not available in the provided information.
Once the anchor allocation is finalized, investors can review the participation of institutional investors along with the total anchor issue size. The applicable lock-in periods will determine when the allocated anchor shares become eligible for release.
| Particular | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor bidding date, anchor investor list, shares offered, anchor size and exact 30-day and 90-day lock-in expiry dates will be updated once the final anchor allocation details are available.
Analysis
Credent Connect N Care IPO Dates
The Credent Connect N Care IPO opens for subscription on August 13, 2026 and closes on August 17, 2026. Following the completion of the subscription period, the basis of allotment is scheduled to be finalized on August 18, 2026.
Refunds for unsuccessful applicants are expected to be initiated on August 19, 2026. Successful applicants are also expected to receive the allotted equity shares in their demat accounts on the same day. Credent Connect N Care shares are proposed to be listed on the NSE SME platform on August 20, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 13, 2026 |
| IPO Close Date | August 17, 2026 |
| Basis of Allotment | August 18, 2026 |
| Refunds | August 19, 2026 |
| Credit to Demat Account | August 19, 2026 |
| IPO Listing Date | August 20, 2026 |
Note: The above dates represent the proposed Credent Connect N Care IPO schedule. The timeline may be revised by the company, registrar, or stock exchange if required.
Analysis
Credent Connect N Care IPO Promoters and Holding Pattern
The promoters of Credent Connect N Care are Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta. Before the IPO, the promoter and promoter group collectively hold 94.23% of the company's equity share capital, while other shareholders hold the remaining 5.77%.
The promoter and promoter group currently hold 1,24,89,900 equity shares, while other shareholders hold 7,65,000 equity shares. The company's total pre-IPO share capital consists of 1,32,54,900 equity shares. Following the IPO, the total number of equity shares is expected to increase to 1,82,22,900 shares.
Promoters of Credent Connect N Care
- Sandeep Aggarwal
- Nikunj Aggarwal
- Esha Gupta
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,24,89,900 | 94.23% | – | -% |
| Others* | 7,65,000 | 5.77% | – | -% |
| Total | 1,32,54,900 | 100% | 1,82,22,900 | 100% |
Note: The above table presents the available pre-IPO and post-IPO shareholding information for Credent Connect N Care. The final promoter and other shareholder post-IPO holdings can be updated once the complete post-issue shareholding pattern is available.
Analysis
Credent Connect N Care IPO Objects of the Issue & Utilisation of Proceeds
Credent Connect N Care proposes to utilise the fresh issue proceeds primarily for investments in its wholly owned subsidiary, Credent Healthcare Private Limited, working capital requirements, repayment of certain borrowings and general corporate purposes.
The company plans to invest approximately ₹17.89 crores in Credent Healthcare Private Limited to meet its working capital requirements and another ₹2.05 crores to finance capital expenditure requirements for machinery. Additionally, approximately ₹26.30 crores is proposed to be deployed towards the company's own working capital requirements.
| Purpose | Amount |
|---|---|
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited, to meet its working capital requirements | ₹17.89 Crores |
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited, to finance its capital expenditure requirements for machinery | ₹2.05 Crores |
| To meet working capital requirements | ₹26.30 Crores |
| Repayment and/or pre-payment, in full or in part, of borrowings availed by the Company | ₹4.12 Crores |
| General Corporate Purposes | ₹- |
Note: The above amounts represent the proposed utilisation of the Credent Connect N Care IPO proceeds. The actual deployment of funds may vary depending on working capital requirements, capital expenditure, repayment obligations and other business requirements.
Analysis
Q&T Foods About Ipo
About Q&T Foods
Q&T Foods Limited, founded in August 2018, has been involved in the production, distribution, marketing, and manufacturing of bakery products. The firm sells breads, buns, pizza bases, kulchas, pav, and other bakery products under the brand “American Bakers”.
Its product portfolio consists of a wide range of bakery products such as Milk Bread, White Bread, Brown Bread, Multigrain Bread, Burger Buns, Pav, Kulcha, and Pizza Bases, which are distributed through 50+ dealers serving several customers and retail stores.
Its manufacturing facility is located at Ghaziabad, Uttar Pradesh, spread across 10,750 sq. ft. with an installed capacity of 9,472 TPA. The firm buys ingredients like flour, sugar, yeast, oil, and other ingredients from suppliers in different parts of Uttar Pradesh with strict quality control.
Analysis
Credent Connect N Care IPO Company Financial Report
Credent Connect N Care reported revenue growth during the period from FY2023 to FY2025. The company's revenue increased from ₹59.93 crores in FY2023 to ₹76.02 crores in FY2024 and further reached ₹78.23 crores in FY2025.
Despite the increase in revenue, profitability moderated over the same period. Profit After Tax (PAT) declined from ₹2.70 crores in FY2023 to ₹2.66 crores in FY2024 and further to ₹2.25 crores in FY2025. Meanwhile, the company's total assets expanded from ₹19.49 crores in FY2023 to ₹29.50 crores in FY2025.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹59.93 Cr. | ₹56.19 Cr. | ₹2.70 Cr. | ₹19.49 Cr. |
| 2024 | ₹76.02 Cr. | ₹72.43 Cr. | ₹2.66 Cr. | ₹26.41 Cr. |
| 2025 | ₹78.23 Cr. | ₹75.23 Cr. | ₹2.25 Cr. | ₹29.50 Cr. |
Amount in ₹ Crores: The above table summarizes Credent Connect N Care's revenue, expenses, Profit After Tax (PAT), and total assets from FY2023 to FY2025. Investors should consider the company's revenue growth alongside the decline in PAT and evaluate profitability margins, IPO valuation, debt position and future growth prospects before making an investment decision.
Analysis
Credent Connect N Care IPO Valuation – FY2025
The Credent Connect N Care IPO valuation can be evaluated using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW), and Net Asset Value (NAV). These metrics provide an overview of the company's profitability, capital efficiency and financial position ahead of the IPO.
For FY2025, Credent Connect N Care reported a ROE of 20.35% and ROCE of 16.96%. The EBITDA margin stood at 6.41%, while the PAT margin was 2.88%. The company reported basic EPS of ₹2.20, RoNW of 14.13%, and a Net Asset Value of ₹15.59 per share.
| KPI | Values |
|---|---|
| ROE | 20.35% |
| ROCE | 16.96% |
| EBITDA Margin | 6.41% |
| PAT Margin | 2.88% |
| Debt to Equity Ratio | [.] |
| Earning Per Share (EPS) | ₹2.20 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 14.13% |
| Net Asset Value (NAV) | ₹15.59 |
Note: The above valuation metrics are based on FY2025 financial information. Investors should evaluate these indicators together with the IPO price band, historical profitability, peer-group valuations, debt position, business growth prospects and associated risks before making an investment decision.
Analysis
Peer Group Comparison
- There are no listed companies in India.
Analysis
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
FAQ
Credent Connect N Care IPO FAQs
Credent Connect N Care IPO price band is Rs 179.00 to Rs 189.00. Check the latest issue price, lot size and GMP together before applying.
Credent Connect N Care IPO open date is 13 Aug 2026, close date is 17 Aug 2026, and listing date is 20 Aug 2026.
Credent Connect N Care IPO lot size is 600 shares. The minimum retail investment is Rs 2,26,800.
Credent Connect N Care is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Credent Connect N Care IPO subscription status currently shows Retail 138.86x, QIB 130.4x, NII 216.97x, Overall 153.13x.
Credent Connect N Care Limited is a healthcare services provider that delivers integrated logistics, workforce solutions, and technology-enabled support to healthcare institutions across India. The company’s core business involves providing comprehensive operational and logistics services to diagnostic laboratories, In Vitro Diagnostics (IVD) companies, and other healthcare enterprises. Its main offerings include temperature-controlled and time-sensitive transportation of diagnostic samples, home sample collection by trained phlebotomists, and the deployment of skilled laboratory technicians and paramedical staff at client locations. The company also manages large-scale corporate wellness programs and health camps under its “C3 Wellness” brand and operates “C3 Post,” a smart courier aggregation platform for bulk shipping, which includes cold-chain logistics. Revenue is generated directly from providing these varied logistics, operational, and healthcare support services to its business-to-business clients.
Credent Connect N Care IPO issue size is 93.90 and the expected allotment date is 18 Aug 2026.
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