Credent Connect SME IPO: GMP, Upcoming IPO, Review & Complete Analysis
Credent Connect N Care Limited is a company that is going to be listed on the stock market in India. This company works in the healthcare services and logistics sector. They have already submitted their documents to NSE EMERGE. Now they want to issue 49.68 lakh shares to people. Credent Connect N Care Limited has not decided on the price of these shares yet. They also do not know when the IPO will start or end or when the shares will be listed on the stock market. The people at Credent Connect N Care Limited are still working on these details for their upcoming SME IPO.
Credent Connect SME IPO Details
| Particular | Details |
| Company | Credent Connect N Care Limited |
| IPO Status | Upcoming IPO |
| Exchange | NSE EMERGE |
| Issue Type | Book Built |
| Fresh Issue | 49,68,000 Shares |
| Offer for Sale | Nil |
| Face Value | ₹10 |
| IPO Open Date | August 13, 2026 |
| IPO Close Date | August 17, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹179 to ₹189 Per Share |
| Issue Size | Approx ₹93.90 Crores |
| Fresh Issue | Approx ₹93.90 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | NSE SME |
The company filed its DRHP on March 31, 2026.
About Credent Connect N Care
Credent Connect N Care is a company that helps people with healthcare. They are based in New Delhi. They started doing this work in 2015. Credent Connect N Care helps businesses, like laboratories and hospitals and clinics and places that make medicine.
They do lots of things for these businesses. Credent Connect N Care does healthcare logistics. They transport things that need to stay cool. They go to peoples homes to collect samples. They send people to work at hospitals and clinics. Credent Connect N Care also uses computers to help with healthcare.. They do other things like help people stay well and deliver packages.
Credent Connect IPO GMP
The Credent Connect IPO GMP is what people are talking about in the grey market now. Some market reports say the Credent Connect IPO GMP is, around ₹189.. The thing is, the Credent Connect IPO GMP can go up or down really fast. And we have to remember this is not a number, it is unofficial.
| GMP Parameter | Current Status |
| IPO GMP | Around ₹189* |
| Price Band | Not Announced |
| Expected Listing Gain | Cannot be reliably calculated yet |
| GMP Status | Unofficial |
Important: GMP is a market indicator and is not guaranteed. People who invest should look at the company's financials, look at the company's valuation, look at the company's risks before making an investment decision.
Financial Performance
The company has reported significant improvement in its latest financial period.
| Financial Metric | FY23 | FY24 | FY25 | H1 FY26 |
| Revenue | ₹59.75 Cr | ₹75.73 Cr | ₹77.94 Cr | ₹90.03 Cr |
| PAT | ₹2.70 Cr | ₹2.66 Cr | ₹2.25 Cr | ₹7.61 Cr |
| PAT Margin | 4.52% | 3.51% | 2.89% | 8.45% |
The latest reported period shows a substantial increase in revenue and profitability compared with FY25.
Use of IPO Funds
The proposed IPO proceeds are intended for several business purposes:
| Purpose | Amount |
| Working Capital | ₹26.30 Cr |
| Investment in Credent Healthcare – Working Capital | ₹17.89 Cr |
| Machinery Capital Expenditure | ₹2.05–2.06 Cr |
| Repayment of Borrowings | About ₹4.12 Cr |
| General Corporate Purposes | As applicable |
Key Strengths
- Growing healthcare logistics business
- Multiple healthcare-related service offerings
- Technology-enabled operations
- Presence across major Indian cities
- Strong improvement in latest-period profitability
- Expansion through its subsidiaries
Risk Factors
Investors should also consider the risks before applying:
- Healthcare and logistics are highly competitive sectors.
- The company operates with relatively low historical profit margins.
- Working-capital requirements can be significant.
- Expansion and acquisitions may increase financial and operational complexity.
- SME stocks can experience higher price volatility and lower liquidity after listing.
Should You Invest in Credent Connect SME IPO?
The Credent Connect SME IPO seems interesting because of its involvement in healthcare services and logistics along with an improvement in its most recent financial results. However the IPO price range and the way it is valued have not been announced yet so a full evaluation of its value cannot be done now.
People who want to invest should wait for the price range and the Red Herring Prospectus before deciding if the IPO is priced well. The GMP should only be seen as a sign not as a promise of profits when it starts trading.
FAQs
1. What is Credent Connect SME IPO?
Credent Connect N Care IPO is an upcoming SME public issue proposed to be listed on NSE EMERGE.
2. What does Credent Connect do?
The company provides healthcare services, logistics, workforce solutions and technology-enabled support to healthcare businesses.
3. What is Credent Connect IPO GMP?
Recent market reports have indicated GMP around ₹189, but it can change and is unofficial.
4. How many shares are being offered?
The proposed fresh issue consists of 49.68 lakh equity shares.
5. When will Credent Connect IPO open?
The IPO opening and closing dates have not yet been announced.
6. Where will Credent Connect be listed?
The proposed listing is on the NSE EMERGE SME platform.