Credent Connect N Care IPO Listing: Shares Debut 90% Higher on NSE SME, Hit Upper Circuit

Credent Connect N Care IPO Listing: Shares Debut at 90% Premium on NSE SME

Credent Connect N Care made a strong debut on the NSE SME platform on Thursday, August 20, 2026.

The company's shares were listed at ₹359.10, compared with the IPO issue price of ₹189 per share, representing a 90% premium at listing.

Following the debut, the stock extended its gains and touched the upper circuit of ₹377.05, nearly doubling from the IPO issue price.

Credent Connect N Care IPO Listing

The shares opened at ₹359.10 on the NSE SME platform.

The IPO issue price was fixed at ₹189 per share, meaning the listing price was ₹170.10 higher than the issue price.

The stock subsequently moved higher to ₹377.05, its upper circuit level during the session.

The strong debut also exceeded grey market indications. Grey market sources had indicated a premium of around ₹92, suggesting an estimated listing price of approximately ₹281.

However, the actual listing at ₹359.10 was considerably higher than that indication.

What does Credent Connect N Care do?

Credent Connect N Care operates in the healthcare services sector.

The company provides integrated logistics, workforce solutions and technology-enabled support services to healthcare institutions across India.

Its business model focuses on supporting healthcare institutions through operational and technology-driven services.

FY26 Financial Performance

Credent Connect N Care reported consolidated revenue from operations of ₹214.16 crore in FY26.

Profit attributable to parent equity shareholders stood at ₹18.45 crore during the same financial year.

These financial figures provide an important reference point for investors evaluating the company's business performance following its market debut.

Promoter Shareholding

The company has a high promoter holding.

As of the date of filing of the Red Herring Prospectus, the promoters collectively held 1,16,01,000 shares, representing approximately 87.52% of the company's pre-issue paid-up equity share capital.

The promoters include

Major Shareholders

Several prominent investors were shareholders in Credent Connect N Care before the IPO.

Ashish Kacholia held 2.02% of the pre-issue paid-up share capital.

Abakkus Venture Opportunities Fund held 1.21%.

Other shareholders holding at least 1% included

The presence of established market investors was one of the notable aspects of the company's shareholder structure.

Credent Connect N Care IPO Details

Credent Connect N Care's IPO was a ₹93.90 crore book-built issue.

The issue consisted entirely of a fresh issue of 49,68,000 equity shares.

The IPO price band was fixed at ₹179 to ₹189 per share, with a face value of ₹10 per share.

The IPO opened for subscription on August 13, 2026, and closed on August 17, 2026.

The issue received strong demand, with the overall subscription reaching nearly 108 times.

The basis of allotment was finalised on August 18, 2026.

Use of IPO Proceeds

The company planned to use the IPO proceeds for several business purposes.

The funds were intended to support

The deployment of these funds will be important to monitor as the company expands its operations following the listing.

Key Listing Numbers

IPO Issue Price: ₹189

Listing Price: ₹359.10

Listing Premium: 90%

Upper Circuit: ₹377.05

IPO Size: ₹93.90 crore

Overall Subscription: Nearly 108 times

FY26 Revenue: ₹214.16 crore

FY26 Profit: ₹18.45 crore

What to Watch After Listing

Following the strong debut, market participants may monitor several factors around Credent Connect N Care.

These include the company's revenue growth, profitability, working-capital requirements and execution of its expansion plans.

The company's ability to effectively deploy IPO proceeds and maintain its financial performance will also remain important.

Investors should also remember that SME-listed stocks can experience significant price and liquidity fluctuations after listing.

Key Takeaways

Credent Connect N Care made a strong debut on the NSE SME platform on August 20, 2026.

The shares listed at ₹359.10, representing a 90% premium over the IPO issue price of ₹189.

The stock later touched ₹377.05, its upper circuit level.

The IPO had received nearly 108 times overall subscription during the bidding period.

The company reported ₹214.16 crore in FY26 revenue and ₹18.45 crore in profit attributable to parent equity shareholders.

Ashish Kacholia held approximately 2.02% of the company's pre-issue paid-up share capital, while Abakkus Venture Opportunities Fund held 1.21%.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information presented in this article is based on publicly available information and reported company and market data.

Nothing in this article should be interpreted as a buy, sell, hold, entry, exit, target or stop-loss recommendation from TrendRipperX.

Past performance, IPO subscription levels, grey market indications and listing performance do not guarantee future results.

Readers should conduct their own independent research and consult a SEBI-registered financial professional before making any investment decision.