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Credent Connect IPO
Price Band
₹179.0–189.0
Issue Size
₹93.9 Cr
Lot Size
600 shares
Min Investment
₹226,800
2 LOTS MIN
GMP
+₹92.0 (48.68%)
Issue Price
₹189.0
Subject to Sauda
₹42000
Paid only if allotted
Credent Connect IPO AI Summary
- Credent Connect IPO is listed on NSE SME in the Transport Related Services sector.
- Price band: ₹179.0–₹189.0 per share, lot size 600 shares (min. investment ₹226,800, 2 lots minimum).
- Subscription window: 13 Aug–17 Aug 2026, listing on 20 Aug 2026.
- Current GMP is +₹92.0 (48.68%), an estimated listing price of ₹281 — unofficial and can change daily.
Credent Connect N Care Limited is a logistics and transport company focused on healthcare and e-commerce. With a robust subscription response and a positive GMP, the IPO presents an opportunity for investors, though potential risks should be considered.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
153.13x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
130.40x
|
130x 🔥 |
| NII (HNI) |
216.97x
|
217x 🔥 |
| ↳ bNII (>₹10L) |
255.58x
|
256x 🔥 |
| ↳ sNII (<₹10L) |
139.76x
|
140x 🔥 |
| Retail (RII) |
138.86x
|
139x 🔥 |
| Total | 153.13x | 153.13x |
Auto-updated every 5 min · As of 17th Aug 2026 18:56
Credent Connect IPO Grey Market Premium (GMP) Today
GMP
+₹92.0
GMP %
+48.68%
Est. Listing
₹281.0
Updated: 20 Aug 2026 09:45
GMP Trend (Last 10 Days)
About the Company
Incorporated on 2015, Credent Connect N Care Limited is a transport and logistics company and headquartered in New Delhi, India. It operates as an unlisted public limited company registered with the Registrar of Companies (ROC), Delhi. The company is primarily engaged in logistics, cold chain solutions, warehousing, and supply chain services, with a strong focus on sectors like healthcare, e-commerce, and business support services. It also undertakes activities related to transport support services, courier operations, and administrative support services. Credent positions itself as a B2B service provider, offering integrated solutions that combine logistics, technology, and healthcare support, including specialized delivery and distribution networks. The company provide Business to Business (B2B) Healthcare logistics services that involve the transportation of diagnostic samples from collection points to laboratories and between healthcare facilities & they also provide services to IVD companies for reagent movement from their C&F to labs. The company operate a smart courier aggregation platform, C3 Post, which provides pan-India pin-code coverage for bulk shipping. Competitive Strength: Comprehensive Healthcare Ecosystem and Logistics Platform Well established relationships with clients Leveraging the experience of our Promoters and Directors Widespread reach in domestic markets
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 |
Key Ratios
EPS
₹13.92
NAV
₹15.59
ROE
15.20%
ROCE
16.96%
RoNW
14.13%
P/B Value
12.12
P/E Ratio
13.58
Market Cap
₹344.41 Cr
PAT Margin
2.88%
Debt/Equity
0.47
Promoters
Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma, Tanveen
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement 26.80 2 Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery 3.00 3 To meet Working Capital Requirements 37.00 4 Repayment and/or repayment, in full or part, of borrowing availed by the Company 6.00 5 General corporate purposes Total 72.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹76.02 Cr for the period ending 31 Mar 2024, increasing to ₹78.23 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹2.66 Cr for the period ending 31 Mar 2024, decreasing to ₹2.25 Cr by 31 Mar 2025.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which an IPO might list compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, while a negative GMP may indicate weaker interest.
Subscription Demand
As of 17th August 2026, the IPO was oversubscribed 153.13 times overall. The breakdown of subscriptions was as follows: QIBs subscribed 130.4 times, NIIs subscribed 216.97 times, bNIIs (>₹10L) subscribed 255.58 times, sNIIs (<₹10L) subscribed 139.76 times, and Retail Investors subscribed 138.86 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's important to consider the company's financial health and market position.
Who May Want to Wait
Investors who prefer stable, established companies with a proven track record may want to avoid this IPO, as it operates in a competitive sector with inherent risks associated with logistics and healthcare services.
IPO Timeline, Explained
The IPO opened on 13th August 2026 and closed on 17th August 2026. Allotment of shares is expected on 18th August 2026, with the listing date set for 20th August 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if they sell their shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from Credent Connect's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Credent Connect IPO GMP today?
Credent Connect IPO GMP today is +₹92.0 (48.68%), indicating an estimated listing price of ₹281. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Credent Connect IPO?
The price band of Credent Connect IPO is ₹179.0–₹189.0 per share.
When does Credent Connect IPO open and close?
Credent Connect IPO opens on 13 August 2026 and closes on 17 August 2026.
When does Credent Connect IPO list on the stock exchange?
Credent Connect IPO listed on 20 August 2026 at ₹281.0.
What is the lot size for Credent Connect IPO?
The lot size for Credent Connect IPO is 600 shares, requiring a minimum investment of ₹226,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹179 to ₹189.
What is the minimum investment required?
The minimum investment required is ₹226,800.
What is the lot size for this IPO?
The lot size for this IPO is 600 shares.
When is the listing date for the shares?
The listing date for the shares is 20th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which shares might list compared to their issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Aug 2026
Close
17 Aug 2026
Allotment
18 Aug 2026
Listing
20 Aug 2026
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