Credent Connect N Care IPO
Credent Connect N Care IPO is an SME IPO raising ₹94 Cr at ₹179 – ₹189 a share. It listed on 20 Aug 2026 at ₹359, +90.0% against its issue price of ₹189, and trades at ₹327 today (+72.8% since issue). It was subscribed 178× in total.
178.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs189 + OFS by subtraction from exchange total Rs94 Cr. Checked: exchange issue size Rs94 Cr vs derived Rs94 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no listed companies in India that are engaged in a business similar to that of our company, accordingly it is not possible to provide an industry comparison in relation to our company. (Stated again under Section 7: There are no listed companies in India that is engage in a business similar to that of our Company. Accordingly, it is not possible to provide a comparison of key performance indicators of industry with our Company.)”
derived: cut-off price Rs189 / stated EPS Rs13.95 (FY ending March 31, 2026, Basic & Diluted EPS as per Restated Consolidated Financial Statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.