Credent Connect IPO: dates, price band, lot size and GMP
Credent Connect IPO listed on 20 Aug at ₹359 (NSE SME). Issue dates 13 – 17 Aug 2026, price band ₹189, lot 600 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Credent Connect listed on 20 Aug 2026 on NSE SME at ₹359.10, +₹170.10 (+90.0%) against the ₹189 upper band. Credent Connect IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Credent Connect IPO has a price band of ₹189, a lot of 600 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 13 – 17 Aug 2026 |
| Price band | ₹189 |
| Lot size | 600 shares |
| Issue size | ₹93.90 Cr |
| Fresh issue | ₹89.13 Cr |
| Subscription | 153.13x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Hem Securities Ltd. |
| Status | Listed |
Timeline
- Issue opens: 13 Aug
- Issue closes: 17 Aug
- Allotment: 18 Aug
- Refunds: 19 Aug
- Demat credit: 19 Aug
- Listing: 20 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 130.4x |
| NII | 216.97x |
| sNII | 139.76x |
| bNII | 255.58x |
| Retail | 138.86x |
| Total | 153.13x |
Last updated 17 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹344.41 Cr |
| P/E (pre-issue) | 13.58x |
| P/E (post-issue) | 18.68x |
| Fresh issue (shares) | 47,16,000 |
| Total shares offered | 47,16,000 |
| Promoter holding pre-issue | 87.64% |
| Promoter holding post-issue | 63.75% |
| Promoters | Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma, Tanveen |
| Lead managers | Hem Securities Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | credentconnect.ipo@kfintech.com |
| Company website | c3logistics.co.in |
| Anchor bid date | 12 Aug 2026 |
| Anchor lock-in ends (50%) | 17 Sep 2026 |
| Anchor lock-in ends (remaining) | 16 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 1,200 | ₹2,26,800 |
| Retail (maximum) | 2 | 1,200 | ₹2,26,800 |
| sNII (minimum) | 3 | 1,800 | ₹2,26,800 |
| bNII (minimum) | 3 | 1,800 | ₹10,20,600 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.8% | 14,04,000 | |
| QIB | 20.1% | 9,48,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 15% | 7,08,000 | Not less than 15% of the Net Issue |
| sNII | 5% | 2,36,000 | |
| bNII | 10% | 4,72,000 | |
| Retail | 35.1% | 16,56,000 | Not less than 35% of the Net Issue |
| Market Maker | 5.3% | 2,52,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 13 Aug | 1.00x | 1.59x | 1.90x | 1.44x | 3.11x | 2.18x |
| Day 2 · 14 Aug | 6.45x | 9.73x | 12.99x | 8.10x | 16.43x | 12.14x |
| Day 3 · 17 Aug | 130.40x | 216.97x | 139.76x | 255.58x | 138.86x | 153.13x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹13.92 |
|---|---|
| EPS (post-issue) | ₹10.12 |
| P/E (pre-issue) | 13.58x |
| P/E (post-issue) | 18.68x |
| RoNW | 14.13% |
| RoCE | 16.96% |
| RoE | 15.2% |
| PAT margin | 2.88% |
| EBITDA margin | 6.41% |
| Price / book | 12.12x |
| NAV per share | ₹15.59 |
| Debt / equity | 0.47 |
| Market cap (upper band) | ₹344.41 Cr |
Financials (₹ Cr)
| Metric | FY25 | FY24 | FY25 vs FY24 |
|---|---|---|---|
| Assets | 29.5 | 26.41 | +11.7% |
| Total Income | 78.23 | 76.02 | +2.9% |
| Profit After Tax | 2.25 | 2.66 | −15.4% |
| EBITDA | 4.99 | 4.3 | +16% |
| NET Worth | 15.9 | 13.66 | +16.4% |
| Reserves and Surplus | 15.7 | 13.46 | +16.6% |
| Total Borrowing | 7.42 | 6.85 | +8.3% |
About Credent Connect
Credent Connect N Care Limited operates in the transportation and logistics industry, delivering specialized supply chain and distribution services across multiple sectors. The company offers a broad portfolio of services, including logistics management, cold chain transportation, warehousing, courier solutions, and end-to-end supply chain support. Its operations cater to industries such as healthcare, e-commerce, diagnostics, and corporate support services. As a business-to-business (B2B) service provider, Credent integrates logistics expertise with technology-driven solutions to support efficient movement of goods, medical supplies, and healthcare-related products across India.
In the healthcare segment, the company provides specialized logistics services for transporting diagnostic samples from collection centers to laboratories, as well as between healthcare institutions. It also supports in-vitro diagnostics (IVD) companies by managing the movement of reagents from carrying and forwarding (C&F) facilities to laboratories. Credent also operates C3 Post , a technology-enabled courier aggregation platform that offers extensive pan-India coverage and streamlined shipping solutions for businesses handling bulk consignments.
Objects of the issue
- Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement — ₹26.8 Cr
- Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery — ₹3 Cr
- To meet Working Capital Requirements — ₹37 Cr
- Repayment and/or repayment, in full or part, of borrowing availed by the Company — ₹6 Cr
- General corporate purposes
Net proceeds: ₹72.8 Cr
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Credent Connect IPO open and close?
The issue is scheduled for 13 – 17 Aug 2026.
What is the Credent Connect IPO price band?
The price band is ₹189 per share with a lot size of 600 shares.
How big is the Credent Connect IPO?
The total issue size is ₹93.90 Cr.
When will Credent Connect list?
The tentative listing date is 20 Aug on the SME platform.
How do I apply for the Credent Connect IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Credent Connect · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Credent Connect · as filed · nsearchives.nseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 18 Aug · ipostatus.kfintech.com
- NSE public issues page · listing 20 Aug · nseindia.com
- Credent Connect company website · c3logistics.co.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 20 Aug, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Credent Connect IPO”, https://buyunlistedshares.com/ipo/credent-connect-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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