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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working capital investment in subsidiary Credent Healthcare Private Limited
Funding the operational working capital requirements of wholly-owned subsidiary Credent Healthcare Private Limited.
Capital expenditure for machinery in Credent Healthcare Private Limited
Financing the acquisition of diagnostic and operational machinery for wholly-owned subsidiary Credent Healthcare Private Limited.
Funding working capital requirements of the company
Augmenting the standalone working capital requirements of Credent Connect N Care Limited.
Repayment or prepayment of company borrowings
Full or partial repayment of outstanding debt obligations availed by the company.
General corporate purposes
Meeting general administrative and strategic growth expenses.
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(₹ in Crore)
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Credent Connect N Care Limited, incorporated in June 2015 as Credent Cold Chain Logistics Private Limited, is an Indian provider of integrated healthcare services and logistics solutions. Operating primarily on a business-to-business model, the organization serves diagnostic laboratories, pharmaceutical manufacturers, hospitals, clinics, and in-vitro diagnostics companies. The firm delivers technology-driven operational, staffing, and supply chain management services across multiple healthcare sectors. The company's service portfolio spans home diagnostic sample collection by qualified phlebotomists, laboratory technical staffing, specialized healthcare logistics, corporate wellness programs, and courier aggregation through its C3 Post platform. Its transportation network handles diagnostic samples, reagents, and medical supplies using temperature-monitored and time-critical delivery protocols. Under the C3 Wellness brand, the firm conducts corporate health drives, preventive screening camps, diagnostic testing, and healthcare personnel deployment. Supported by certifications including ISO 9001:2015 and ISO 15189:2022, Credent Connect N Care maintains a nationwide footprint powered by regional offices, warehouses, specialized vehicles, and field teams. The organization expanded its operational capabilities through strategic acquisitions, including Credent Healthcare Private Limited, Credent Team Private Limited, and Alltrak Technologies Private Limited. As of March 2026, the company managed a workforce of over 6,300 payroll and contractual employees across India.
Credent Connect N Care Limited raised Rs. 26.54 crore through an anchor allocation of 14,04,000 equity shares at the upper price band of Rs. 189 per share on August 12, 2026. Anchor lock-in is set for 50% of the shares until September 17, 2026, and the remaining 50% until November 16, 2026. Key anchor participants included Abakkus Venture Opportunities Fund, Mint Focused Growth Fund PCC, Hem Growth Opportunities Fund, and Motilal Oswal Finvest Limited.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 August 2026, 12:28 AM
Integrated Healthcare Services Model
The company combines specialized cold-chain logistics, stationed laboratory staffing, phlebotomy services, and corporate wellness into a unified operational platform.
Extensive Operational Infrastructure
Operating a wide distribution network with temperature-controlled logistics, warehouses, and technology systems enables reliable sample transport and workforce tracking.
Proprietary Digital Platforms
Leveraging in-house tools like C3 Post and C3 HRMS supports real-time logistics tracking, courier aggregation, and field staff management.
Revenue Concentration in Client Segment
The business relies heavily on contracts with diagnostic chains, hospitals, and pharmaceutical firms, making earnings vulnerable to client retention or testing volume shifts.
Time-Sensitive Transport Risks
Logistics operations face risks of sample degradation, transit delays, or temperature fluctuations during transport, which could impact reputation and trigger liabilities.
Subsidiary Capital Deployment
A substantial portion of IPO proceeds will be funneled into a subsidiary rather than parent operations, introducing execution dependency on subsidiary management.
Credent Connect N Care Limited
B-3, Second Floor, Nimri Commercial Complex, Ashok Vihar, Phase-4, Delhi, New Delhi, 110052
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