Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited. Credent Connect N Care Limited is an integrated healthcare services and logistics provider offering technology-enabled operational, workforce and supply chain solutions to healthcare institutions across India. The company primarily operates on a B2B model, serving diagnostic laboratories, IVD companies, pharmaceutical companies, hospitals, clinics and other healthcare enterprises
The company offers a comprehensive portfolio of healthcare services, including home sample collection through trained phlebotomists, stationed phlebotomy and laboratory manpower services, diagnostic and paramedical services, healthcare logistics, operations and supply chain management, corporate wellness programs and technology-enabled courier aggregation through its C3 Post platform. Its logistics solutions support the movement of diagnostic samples, medical supplies, reagents and other healthcare consignments through temperature-controlled and time-sensitive transportation, including cold-chain logistics.
Credent Connect N Care operates through a pan-India network, supported by warehouses, branch offices, commercial vehicles, field personnel and technology platforms for tracking, workforce management and operational coordination. The company also operates its corporate wellness vertical under the “C3 Wellness” brand, providing health camps, vaccination programs, preventive health check-ups, radiology and diagnostic services, and on-ground healthcare manpower.
As of March 31, 2026, the Company had a workforce of 6,338 employees, comprising 4,052 payroll and 2,286 contractual employees across various functions.
The company has expanded its capabilities through strategic acquisitions, including Credent Healthcare Private Limited, Credent Team Private Limited and Alltrak Technologies Private Limited. Its operations are supported by ISO 9001:2015 and ISO 15189:2022 certifications, while its experienced promoter-led management team brings expertise in healthcare logistics and operations.
Key Strengths
- Integrated healthcare logistics, workforce and diagnostic support platform.
- Pan-India operational reach serving diverse healthcare institutions.
- End-to-end healthcare logistics with cold-chain and time-sensitive transportation.
- Technology-enabled operations through platforms such as C3 Post and C3 HRMS.
- Diversified service portfolio spanning logistics, diagnostics, manpower and corporate wellness.
- Strategic acquisitions strengthening healthcare and logistics capabilities.
- Experienced promoter and management team with industry expertise.
| Purpose | Amount (₹ Cr) |
|---|---|
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement | ₹27 |
| Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery | ₹3 |
| To meet Working Capital Requirements | ₹37 |
| Repayment and/or repayment, in full or part, of borrowing availed by the Company | ₹6 |
| General corporate purposes | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | |
|---|---|---|---|
| Total Assets | 30 | 26 | — |
| Revenue | 78 | 76 | — |
| PAT | 2 | 3 | — |
| EBITDA | 5 | 4 | — |
| Net Worth | 16 | 14 | — |
| Reserves | 16 | 13 | — |
| Total Borrowing | 7 | 7 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 53.05 | 2,352,000 | 124,768,200 |
| NII / HNI | 217.17 | 708,000 | 153,754,800 |
| Retail (RII) | 136.72 | 1,656,000 | 226,414,800 |
| Market Maker | — | 252,000 | — |
| Total | 107.07 | 4,716,000 | 504,937,800 |
* Amount calculated at upper price band (₹189) · ** Total includes all investor categories
- 1 Initiation of Refund 19 Aug 2026
- 2 Credit of Shares to Demat 19 Aug 2026
- The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹14 compares to post-issue EPS of ₹10 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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