NSE List Price : ₹359.10

subscription

Category	Times
QIBs	130.4x
HNIs	217.33x
Retail	138.86x
Total : 153.21x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	1,200	₹226,800
Retail Maximum	2	1,200	₹226,800
S-HNI Minimum	3	1,800	₹340,200
S-HNI Maximum	8	4,800	₹907,200
B-HNI Minimum	9	5,400	₹1,020,600

About the Company

Established in 2015, Credent Connect N Care Limited is a prominent transport and logistics company in India, providing a wide range of services including logistics, cold chain management, warehousing, and supply chain solutions.

The company specializes in B2B healthcare logistics, including the transportation of diagnostic samples and reagent movement services for IVD companies from their C&F locations to laboratories. With more than 12 years of industry experience, C3 has established a presence across 452 cities and has a workforce of over 6,500 healthcare professionals. The company aims to drive innovation in the healthcare sector by delivering comprehensive solutions such as logistics services, phlebotomist support, home sample collection, and other healthcare-related services.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹59.93	₹56.19	₹2.70	₹19.49
2024	₹76.02	₹72.43	₹2.66	₹26.41
2025	₹78.23	₹75.23	₹2.25	₹29.50
2026	₹214.43	₹189.83	₹18.45	₹81.57

Company Promoter

Sandeep Aggarwal

Nikunj Aggarwal

Esha Gupta

Know before investing

• • Strengths

  Integrated Healthcare & Logistics Capabilities: The company provides a broad range of integrated healthcare solutions, including cold chain logistics, home sample collection, healthcare supply chain management, workforce services, and technology-driven offerings. This integrated approach enables end-to-end support for healthcare and diagnostic institutions.

  Strong Customer Relationships: The company has developed established and long-standing associations with prominent diagnostic chains, hospitals, and pharmaceutical companies across India. These relationships help generate repeat business and enhance the company’s overall market position.

• • Risks

  Customer Concentration Risk: A substantial share of the company’s revenue comes from its top 10 customers, without the support of long-term contractual arrangements. The loss of any major customer could adversely impact operations, cash flows, and financial performance.

  Risks Associated with Diagnostic Sample Transportation: The company transports diagnostic samples that require timely delivery and appropriate temperature conditions. Any delay, damage, contamination, or loss during transit may lead to customer claims, financial losses, liabilities, and reputational concerns.

Objects of the Issue & Utilisation of proceeds

Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement.

Investment in the wholly owned subsidiary, Credent Healthcare Private Limited to finance its capital expenditure requirements for machinery.

To meet Working Capital Requirements.

Repayment and/or repayment, in full or part, of borrowing availed by the Company.

General corporate purposes.

Company  Address

Credent Connect N Care Ltd.
B-3, Second Floor,
Nimri Commercial Complex,
Ashok Vihar, Phase-4,
Delhi, New Delhi, 110052
Phone: +91-9971777199
Email: cs@c3logistics.co.in
Website: https://c3logistics.co.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: credentconnect.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/