Credent Connect N Care IPO Oversubscribed 178x
By ThePip Desk
Credent Connect N Care’s IPO closed August 17, 2026, massively oversubscribed 178.05 times. The B2B healthcare logistics firm aimed to raise ₹94 crores.
Credent Connect N Care Limited’s Initial Public Offering (IPO) closed on August 17, 2026, seeing an overwhelming oversubscription of 178.05 times. The transport and logistics firm, specializing in B2B healthcare services, aimed to raise approximately ₹93.90 to ₹94 crores.
IPO Snapshot
- Oversubscription: 178.05 times
- Target Raise: Approximately ₹93.90 to ₹94 crores
- Price Band: ₹179 to ₹189 per equity share
- Market Lot: 1,200 shares
- Listing Date: August 20, 2026, on NSE SME
Company Profile
Founded in 2015, Credent Connect N Care Limited is a key player in the transport and logistics sector. The company specializes in comprehensive logistics, cold chain solutions, warehousing, and supply chain services.
Its significant focus lies in B2B Healthcare Logistics Services, including the transportation of diagnostic samples and reagents. The company boasts over 12 years of experience, operates across 452 cities, and employs more than 6,500 healthcare personnel.
Grey Market Performance
The Grey Market Premium (GMP) for the IPO was recorded at ₹55 as of August 17, 2026. This indicated an expected return of 29.10% for investors.
The GMP experienced fluctuations during the subscription period, peaking at ₹75 on August 14 and dipping to a low of ₹10 on August 11.