1 week ago
Credent Connect N Care Shares Debut 90% Above IPO Price
Credent Connect N Care is a company that helps healthcare institutions with logistics, workers, and technology support.
Its shares were offered to investors at ₹189 each.
When trading began on the NSE SME, the shares opened at ₹359.10.
That was 90% higher than the offer price.
The shares later reached ₹377.05, their upper price limit for the session.
This performance was better than what grey market indications had suggested.
The company reported ₹214.16 crore in operating revenue in FY26 and ₹18.45 crore in profit attributable to parent shareholders.
Investors Ashish Kacholia and Abakkus Venture Opportunities Fund owned stakes in the company before the IPO.
Credent Connect N Care shares listed at ₹359.10 on the NSE SME, a 90% premium to the ₹189 issue price.
The stock rose to its upper circuit of ₹377.05, nearly doubling from the issue price.
The listing exceeded the grey market premium indication of ₹92, which had suggested a potential listing near ₹281.
The company provides logistics, workforce solutions, and technology-enabled support to healthcare institutions across India.
Ashish Kacholia held a 2.02% stake, while Abakkus Venture Opportunities Fund owned 1.21% before the issue.
- Who
- Credent Connect N Care, its investors, and shareholders including Ashish Kacholia and Abakkus Venture Opportunities Fund.
- What
- The company’s shares made their NSE SME debut at ₹359.10, a 90% premium to the ₹189 IPO issue price, and later hit ₹377.05.
- Where
- On the NSE SME in India.
- When
- Thursday, 20 August; the article does not specify the year.
- Why
- Investor demand pushed the shares sharply above the IPO issue price after listing.
Key facts
- IPO issue price
- ₹189 per share
- Listing price
- ₹359.10 on the NSE SME
- Listing premium
- 90% above the issue price
- Upper circuit
- ₹377.05
- FY26 operating revenue
- ₹214.16 crore
- FY26 profit attributable to parent shareholders
- ₹18.45 crore
- Promoter holding before issue
- 87.52% of pre-issue paid-up equity share capital
