Credent Connect N Care Limited is a New Delhi-based healthcare services company providing integrated healthcare logistics, workforce solutions, and technology-enabled support services to healthcare institutions across India.
The company provides B2B healthcare logistics, including diagnostic sample and reagent transportation between collection points, laboratories, and healthcare facilities.
Its services include home sample collection, phlebotomy, supply chain management, and deployment of laboratory and paramedical staff, along with temperature-controlled healthcare logistics.
The company operates C3 Wellness for corporate health programs and C3 Post, a technology-enabled platform for courier aggregation, bulk shipping, and cold-chain logistics.
As of September 30, 2025, Credent had 2,039 riders and 94 commercial vehicles, supported by two warehouses and four branch offices across India.
For the six months ended September 30, 2025, Healthcare Services contributed 45.82% of revenue, followed by Logistics Services at 29.17% and Operations & Supply Chain Management at 21.60%.
Credent Connect N Care IPO – Details
| IPO Opening Date | 13 August 2026 |
| IPO Closing Date | 17 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 49,68,000 Shares Worth ₹93.90 Crore Fresh Issue: 49,68,000 Shares Worth ₹93.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹179 – ₹189 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Credent Connect N Care IPO – Date Schedule
| IPO Open Date | 13 August 2026 |
| IPO Close Date | 17 August 2026 |
| Basis of Allotment | 18 August 2026 |
| Initiation of Refund | 19 August 2026 |
| Credit of Shares to Demat | 19 August 2026 |
| IPO Listing Date | 20 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 17, 2026 |
Credent Connect N Care IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1200 | ₹2,26,800 |
| Retail (Max) | 2 | 1200 | ₹2,26,800 |
| S-HNI (Min) | 3 | 1800 | ₹3,40,200 |
| S-HNI (Max) | 8 | 4800 | ₹9,07,200 |
| B-HNI (Min) | 9 | 5400 | ₹10,20,600 |
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 Promoters
- Ashok Kumar Sharma
- Karan Sharma
- Tarun Sharma
- Dimple Sharma
- Tanveen
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 (Standalone) | ₹76.02 Cr | ₹72.43 Cr | ₹2.66 Cr | ₹6.85 Cr |
| 31 March 2025 (Standalone) | ₹78.23 Cr | ₹75.23 Cr | ₹2.25 Cr | ₹7.42 Cr |
| 31 March 2026 (Consolidated) | ₹214.73 Cr | ₹189.83 Cr | ₹18.45 Cr | ₹21.95 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 61.81% |
| ROCE | 40.00% |
| Debt/Equity | 0.50 |
| RoNW | 42.13% |
| PAT Margin | 8.61% |
| EBITDA Margin | 13.29% |
| NAV | 33.12 |
| Price to Book Value | 5.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.92 | 10.12 |
| P/E (x) | 13.58 | 18.68 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement. | ₹26.80 |
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery. | ₹3.00 |
| To meet Working Capital Requirements | ₹37.00 |
| Repayment and/or repayment, in full or part, of borrowing availed by the Company. | ₹6.00 |
| General corporate purposes. | – |
✅Strengths
- Integrated healthcare logistics platform.
- Strong repeat customer base.
- Experienced management team.
- Wide operational network.
⚠️Risks
- High customer concentration.
- Intense competition.
- Dependence on skilled workforce.
- Technology & regulatory risks.
- Debt obligations.
Credent Connect N Care IPO Promoter Holding
| Pre-Issue Share Holding | 87.64% |
| Post Issue Share Holding | 63.75% |
Credent Connect N Care IPO Prospectus
Company Contact Information
| Credent Connect N Care Limited B-3, Second Floor, Nimri Commercial Complex, Ashok Vihar, Phase-4, Delhi, New Delhi, 110052 Phone: +91-9971777199 Email: cs@c3logistics.co.in Website: https://c3logistics.co.in/ |
Credent Connect N Care IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: credentconnect.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Credent Connect N Care IPO Lead Manager(s)
| 1. Hem Securities Ltd. |
Credent Connect N Care IPO FAQ
| What is the Credent Connect N Care IPO? Credent Connect N Care IPO is an SME IPO. The issue is priced at ₹179 – ₹189 per equity share. The IPO is to be listed on NSE SME. |
| When will Credent Connect N Care IPO open? The IPO is to open on 13 August 2026 for QIB, NII, and Retail Investors. |
| What is Credent Connect N Care IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Credent Connect N Care IPO Size? Credent Connect N Care IPO size is ₹93.90 Crore. |
| What are the Credent Connect N Care IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1200 Shares for ₹2,26,800, while the maximum bid is 1200 Shares for ₹2,26,800. |
| What is the Credent Connect N Care IPO Allotment Date? Credent Connect N Care IPO allotment date is 18 August 2026. |
| What is the Credent Connect N Care IPO Listing Date? Credent Connect N Care IPO listing date is 20 August 2026. The IPO is to be listed on the NSE SME. |
