Credent Connect N Care IPO
Credent Connect N Care LtdSME
This IPO has listed.
- Open date
- 13 Aug 2026
- Close date
- 17 Aug 2026
- Min. Investment
- ₹2,26,800
- Lot Size
- -
- Fresh Issue
- ₹93.90 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers131.39x
- Non-Institutional Investors160.28x
- Retail-Individual Investors138.86x
- Total142.38x
Schedule
- Completed: IPO open date13 Aug 2026
- Completed: IPO close date17 Aug 2026
- Completed: Allotment date18 Aug 2026
- Completed: Funds unblock or debit19 Aug 2026
- Completed: Tentative listing date20 Aug 2026
About
Promoter shareholding in Credent Connect N Care Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Ashok Kumar Sharma | 36,58,950 | 27.60% | 36,58,950 | 20.08% |
| Karan Sharma | 22,47,825 | 16.96% | 22,47,825 | 12.34% |
| Tarun Sharma | 20,23,550 | 15.27% | 20,23,550 | 11.10% |
| Dimple Sharma | 1,32,550 | 1.00% | 1,32,550 | 0.73% |
| Tanveen | 35,38,125 | 26.69% | 35,38,125 | 19.42% |
| Ashok Kumar Sharma HUF | 5,100 | 0.04% | 5,100 | 0.03% |
| Tarun Sharma HUF | 5,100 | 0.04% | 5,100 | 0.03% |
| Karan Sharma HUF | 5,100 | 0.04% | 5,100 | 0.03% |
Financials of Credent Connect N Care IPO
| Key Performance Indicators | Mar 2026 |
|---|---|
| Operating Revenue | - |
| Other Income | - |
| Total Income | 214.16 |
| Total Expenses | 189.83 |
| Profit Before Tax | - |
| Total Profit | 18.45 |
Credent Connect N Care IPO Strengths & Risks
- Comprehensive Healthcare Ecosystem and Logistics Platform.
- Well established relationships with clients .
- Leveraging the experience of our Promoters and Directors .
- Widespread reach in domestic markets.
- Risks Relating to the Business: The company derives a significant portion of its revenue from operations from the company's top 10 customers with which the company does not has any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
- Risks Relating to the Business: The company's business is dependent on diagnostic and healthcare companies, and any reduction in their testing volumes, outsourcing requirements, or adverse sector developments could materially and adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: The company is exposed to risks relating to loss, damage, contamination or delay in transportation of diagnostic samples, which could result in client claims, financial liabilities and reputational harm.
- Risks Relating to the Business: The company's business depends on service-level contracts with clients that are subject to renewal, renegotiation and termination, and its inability to maintain or renew such contracts on favourable terms could materially and adversely affect the company's business.
- Risks Relating to the Business: The company's business is working capital intensive and trade receivables constitute a significant portion of its current assets. Any delay or failures in realisation of trade receivables could adversely affect its cash flows, liquidity and financial condition.
- Risks Relating to the Business: The company's business is highly dependent on the availability and performance of a large, skilled and geographically dispersed workforce, and its inability to effectively manage, train and retain such personnel could adversely affect its operations.
- Risks Relating to the Business: The company's operations depends on the continuous availability of specialised packaging materials and consumables, and any disruption in their supply or increase in their cost could adversely affect its service delivery and profitability.
- Risks Relating to the Business: Misconduct, fraud, negligence or theft by the company field personnel could adversely affect its business, reputation and financial condition.
- Risks Relating to the Business: The company's subsidiary companies has incurred losses and had a negative net worth in the past, and any future losses may adversely affect its financial condition and the company's consolidated results.
- Risks Relating to the Business: The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favorable to it or at all could have an adverse impact on its financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- Risks Relating to the Business: The company's business is subject to seasonal fluctuations, and a significant portion of its revenue is generated in the second half of the financial year, which may affect the company's operating results.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: Its Contingent Liability and Commitments could affect the company's financial position.
- Risks Relating to the Business: There are no listed companies in India that are directly comparable to the company's line of business, which may make it difficult for investors to evaluate its performance and prospectus.
- Risks Relating to the Business: There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The company does not own admin office, warehouse and branch offices from where its carry out the company's business activities. Any dispute in relation to use of the premises could have a material adverse effect on the company's business and results of operations.
- Risks Relating to the Business: The company has experienced negative cash flows in the recent past, and its may have negative cash flows in the future.
- Risks Relating to the Business: The Company has not placed orders of machinery for its proposed object as specified in the Objects of the Issue. Any delay in placing orders, procurement of machinery may delay the company's implementation schedule and may also lead to increase in price of this machinery and equipment, further affecting its revenue and profitability.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits to operates its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates its business may adversely affect the company's operations and financial conditions.
- Risks Relating to the Business: The company's PAT margin has declined in the past and may fluctuate in the future, which could adversely affect its profitability and results of operations.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company's business.
- Risks Relating to the Business: The company's Promoters has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by the company's Promoters.
- Risks Relating to the Business: The names of the company's Promoter and Non-Executive Director Ashok Kumar Sharma was appearing in the list of disqualified directors in the past.
- Risks Relating to the Business: The company's Statutory auditor has included emphasis of matter in the company's Audited Financial Report.
- Risks Relating to the Business: The company's business is subject to various labour and employment laws across multiple states, and any non-compliance with such laws may result in penalties, legal proceedings or operational restrictions.
- Risks Relating to the Business: The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
- Risks Relating to the Business: If the company is unable to manage its growth effectively or if the company's estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company's business and prospects may be materially and adversely affected.
- Risks Relating to the Business: The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses some of the company's promoters, Key Management Personnel and Senior Managerial Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of the company's business through their continuing services and strategic guidance and support.
- Risks Relating to the Business: Unsecured loans taken by the company may be recalled at any time.
- Risks Relating to the Business: The company's lenders has charge over its movable assets in respect of finance availed by it.
- Risks Relating to the Business: Public health emergencies and widespread outbreaks of infectious diseases could disrupt the company's workforce and logistics operations and adversely affect its business.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company's profitability adversely.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to it or at all could have an adverse impact on its financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- Risks Relating to the Business: Any penalty, demand or adverse order passed by statutory authorities in future may adversely affect the company's financial condition and results of operations.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: None of the company's Directors have prior experience serving on the board of a listed company, which may affect its ability to efficiently discharge certain responsibilities as a listed entity.
- Risks Relating to the Business: This Red Herring Prospectus contains information from an industry report which the company has paid for and commissioned from D&B, appointed by the Company. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: Liquidity Risk and Dependence on Market Maker Continuity on the NSE Emerge Platform.
- Risks Relating to the Business: The company is subject to the risk of failures of, or a material weakness in, its internal control systems. If the company is unable to establish and maintain an effective system of internal controls and compliances business and reputation could be adversely affected.
- Risks Relating to the Business: Technology failures or Cyber-attacks or other security breaches could have a material adverse effect on the company's business, results of operation or financial condition.
- Risks Relating to the Business: The company is subject to certain restrictive covenants in debt facilities provided to it by the company's lenders.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by some of the company's Promoters, is lower than the face value of Equity Share.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by the company's significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company's Promoter and Promoter Group will jointly continue to retain majority shareholding in the Company after this Issue which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the issue will be listed on the SME Platform of NSE in a timely manner or at all.
- Risks Relating to the Business: The Issue price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: Significant differences exist between Ind AS and other accounting principles, such as Indian GAAP, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- Risks Relating to the Business: Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
