Credent Connect N Care IPO opened for subscription on August 13, 2026, registering a total subscription of 1.82x by the end of Day 1. The issue saw a notable uptick in momentum during trading hours, with Non-Institutional Investors (bHNI) jumping +19.4% from the morning snapshot and Retail investors picking up pace with a +16.4% increase. The healthcare logistics provider’s public issue is priced between ₹179.00000 and ₹189.00000.

Subscription Status

The IPO saw steady interest from retail investors on its opening day, racing ahead in the latter half of the session. Here is the breakdown of the Day 1 subscription:

Intra-day Timeline

Subscription activity remained consistent throughout the trading hours on August 13, 2026, with significant movement between 9:45 AM and 10:45 AM.

Subscription Progression

About the Company

Credent Connect N Care is a healthcare services provider engaged in delivering integrated logistics, workforce solutions, and technology-enabled support to healthcare institutions across India. Founded in 2015, the company provides comprehensive operational services to diagnostic laboratories, IVD companies, pharmaceutical firms, and clinics. Its offerings include home sample collection, operations & supply chain services, and specialized inter-state logistics. The company employs 2589 riders as of June 30, 2026, and is managed by MD Tarun Sharma and CFO Karan Sharma.

Financial Highlights

The company has shown significant revenue growth in recent years. Below are the consolidated financial highlights:

Revenue surged from ₹75.73 crores in FY24 to ₹214.16 crores in FY26, driven by expanded operations across multiple states including Maharashtra, Uttar Pradesh, and Delhi.

Objects of the Issue

The proceeds from the IPO will be utilized for the following purposes:

• To meet Working Capital Requirements: ₹37.00 crores
• Investment in wholly owned subsidiary for working capital requirement: ₹26.80 crores
• Repayment and/or prepayment of borrowings: ₹6.00 crores
• Investment in wholly owned subsidiary for capital expenditure requirements for machinery: ₹3.00 crores
• General corporate purposes: Amount not specified in lakhs

Risk Factors

Investors should consider the following key risks associated with the company:

• High Customer Concentration Risk: The company derives 81.76% of revenue from its top 10 customers in Fiscal 2026 without firm commitments.
• Dependence on Healthcare Industry Volumes: Business performance is tied to diagnostic testing volumes and outsourcing trends in the healthcare sector.
• Working Capital Intensive Operations: Trade receivables stood at ₹5,882.73 lakhs as of March 31, 2026, posing liquidity risks if realization is delayed.

Offer Details

• Price Band: ₹179.00000 - ₹189.00000
• Issue Size: 322200 - 500000
• Min Bid Qty: 1200
• IPO Open Date: 2026-08-13
• IPO Close Date: 2026-08-17

Credent Connect N Care has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a significant step towards its public listing. The company aims to raise funds through this initial public offering, with a maximum issue size of 500,000. While specific business operations are not detailed in the current filing data, the IPO structure provides investors with key parameters including price band and lot size.

Company Overview

Credent Connect N Care is preparing for its debut on the stock exchanges. The company’s DRHP filing outlines the fundamental structure of the issue. As per the available data, the company is seeking to list its shares to raise capital, though detailed operational metrics and competitive strengths are not specified in the current dataset.

Offer Details

The IPO features a defined price band and issue size. The floor price is set at ₹179, while the ceiling price stands at ₹189. The minimum bid quantity for applicants is 1,200 shares. The issue size ranges from a minimum of 322,200 to a maximum of 500,000.

Financial Highlights

Specific financial figures such as revenue, profit trends, or key ratios are not provided in the current DRHP data extract. Investors should refer to the full DRHP document filed with SEBI for comprehensive financial statements.

Risk Factors

Material risk factors are typically outlined in the DRHP. However, specific risks are not listed in the provided data snippet. Standard IPO risks include market volatility, regulatory changes, and execution risks associated with the company's business model.

Valuation & Peer Comparison

Valuation metrics such as P/E ratios compared to peers are not available in the current data. The price band of ₹179-₹189 will determine the initial valuation upon listing.

Bottom Line

Credent Connect N Care’s IPO is in the DRHP stage with a price band of ₹179-₹189. With no subscription data yet reported (0x across QIB, Retail, and Non-Institutional categories), investors await further updates on the issue timeline and allotment process.