Credent Connect N Care came to market through an SME IPO that opened on 13 August 2026 and closed on 17 August 2026, and the shares listed on 20 August 2026 on NSE SME. The price band was ₹179 to ₹189 per share and one lot was 600 shares, so the minimum application was ₹1,13,400. The issue size was ₹93.9 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹359.1, a gain of 90% against the issue price of ₹189. Kfin Technologies Limited was the registrar to the issue, and Hem Securities Limited was the lead manager.
As of 17 August 2026.
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Overall the issue was subscribed 153.21 times.
Credent Connect N Care Limited is a transport and logistics company incorporated in the year 2015 and has its headquarters in New Delhi, India. The company is a public unlisted limited company that is registered under the Registrar of Companies (ROC), Delhi. Credent's core activity is in the areas of logistics, cold chain management, warehousing and supply chain management with a strong emphasis on industries such as healthcare, e-commerce and business process outsourcing industry.
The other activities of the company include those relating to transport support services, courier services and administrative support services. Credent claims to be a B2B services company that provides an integrated solution consisting of logistics, technology and healthcare support services along with a dedicated distribution network.
Credent provides Business to Business (B2B) Healthcare logistics services that include transport of samples from collection point to laboratory and between healthcare institutions as well as to IVD companies for reagent movement from their C&F to labs. The company runs a smart courier aggregation portal called C3 Post with pan-India pin-code coverage for bulk shipments.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Credent Connect N Care Limited finalised its anchor investor allocation on August 12, 2026, raising ₹26.54 crore from 10 institutional investors at an anchor price of ₹189 per share. The anchor book comprises 14,04,000 equity shares, with no participation from mutual funds, life insurance companies, or pension funds, as explicitly disclosed in the company's intimation letter.
The allocation was led by Abakkus Venture Opportunities Fund and Mint Focused Growth Fund PCC – Cell 1, each receiving 18.85% of the anchor portion, followed by Hem Growth Opportunities Fund at 16.88%, Motilal Oswal Finvest Limited at 15.09%, and Meru Investment Fund PCC – Cell 1 at 11.32%. The remaining allocation was distributed among 360 ONE LVF Treasury Solutions Fund, LRSD Securities, Finavenue Capital Trust, Religo Commodities Ventures Trust, and Shine Star Build Cap, each at 3.80%.
Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma, Tanveen Sharma. Promoter holding 87.64% before the issue and 63.75% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Credent Connect N Care IPO was a ₹93.9 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹179–₹189 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,26,800). The IPO was open from August 13 to August 17, 2026 and was subscribed 153.21x. Shares listed on NSE SME on August 20, 2026 at ₹359.10, a 90.0% premium to the issue price of ₹189.
Kfin Technologies Limited is the registrar. Hem Securities Ltd. is the book running lead manager.
The price band of Credent Connect N Care IPO is ₹179 to ₹189 per share.
The lot size of Credent Connect N Care IPO is 600 shares.
The minimum investment for Credent Connect N Care IPO is approximately ₹2,26,800 based on the upper price band.
The allotment date of Credent Connect N Care IPO is Aug 18, 2026.
No GMP quote could be verified as recorded before Credent Connect N Care IPO listed. A grey-market observation of ₹65 per share was recorded on 20 Aug 2026, 8:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹359.1. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Credent Connect N Care IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Credent Connect N Care IPO allotment status on Rupix for quick and easy access.
₹179 to ₹189 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,13,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,13,400, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 13 August 2026 and closed on 17 August 2026.
The basis of allotment was published on 18 August 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 20 August 2026 on NSE SME, opening at ₹359.1.
The issue size was ₹93.9 crore. The fresh issue was 49,68,000 shares (aggregating up to ₹93.9 crore).
It listed at ₹359.1 against an issue price of ₹189, a gain of 90 percent on listing day.