Credent Connect N Care IPO
Credent Connect N Care IPO closed on 17 Aug 2026. Allotment 18 Aug 2026, listing 20 Aug 2026. Price band ₹179–₹189, lot 600 shares, GMP +₹50 (26.46%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · NSE |
| Price band | ₹179–₹189 |
| Lot size | 600 shares |
| Minimum investment | ₹2,26,800 |
| Issue size | ₹93.9 Cr |
| GMP | +₹50 (26.46%) |
| Open date | 13 Aug 2026 |
| Close date | 17 Aug 2026 |
| Allotment date | 18 Aug 2026 |
| Listing date | 20 Aug 2026 |
| Registrar | KARVY |
About Credent Connect N Care
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…
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.