Shares of Credent Connect N Care Ltd. made a remarkable debut on the NSE SME platform on Thursday, August 20, 2026, effectively doubling investors' money. The stock listed at Rs 359.10, marking a substantial 90 percent premium over its initial public offering (IPO) price of Rs 189.
Stellar Market Performance
Following its strong listing, Credent Connect N Care's stock continued its upward trajectory, reaching the upper circuit of Rs 377.05. This represented a 99.50 percent rise from its original issue price, underscoring significant market enthusiasm for the healthcare services provider.
Prominent Investors and Company Profile
The company boasts a notable shareholder base, including prominent investors such as Abakkus Venture Opportunities Fund, founded by Sunil Singhania, and ace investor Ashish Kacholia. According to the company's Red Herring Prospectus (RHP), Abakkus Venture Opportunities Fund held a 1.21 percent stake (1,60,800 shares) in the company's pre-issue paid-up share capital, while Kacholia held a 2.02 percent stake (2,67,600 shares) as of the RHP filing date.
Credent Connect N Care Ltd. operates as a healthcare services provider, offering integrated logistics, workforce solutions, and technology-enabled support services to healthcare institutions across India.
Financial Overview and Promoter Holdings
For the financial year 2026 (FY26), Credent Connect reported a consolidated revenue from operations of Rs 214.16 crore. The profit attributable to equity shareholders of the parent company stood at Rs 18.45 crore during the same period.
The company is promoted by Ashok Kumar Sharma, Karan Sharma, Tarun Sharma, Dimple Sharma, and Tanveen. Collectively, these promoters held 1,16,01,000 shares, representing 87.52 percent of Credent Connect N Care's pre-issue paid-up equity share capital, as detailed in the RHP.