Credent Connect SME IPO Review: Business Analysis & Lot Economics
Credent Connect N Care is issuing a ₹93.9 crore SME IPO on NSE Emerge. Here is what retail investors need to know about its ₹2.26 lakh minimum lot and healthcare logistics model.
Healthcare technology and distribution firm Credent Connect N Care has launched its ₹93.90 crore initial public offering on the NSE Emerge SME platform.
The issue has drawn market interest due to its healthcare services exposure and 100% fresh issue capital raise.
Here is a breakdown of the company's financials, lot size requirements, and SME trading considerations.
Issue Structure & Capital Requirement
As per SEBI SME guidelines, the minimum application size is fixed at higher multiples compared to mainboard offerings:
| Parameter | Details |
|---|---|
| Price Band | ₹179 to ₹189 per share |
| Lot Size | 600 shares |
| Retail Minimum Application | 2 Lots (1,200 shares) = ₹2,26,800 |
| HNI Minimum Application | 3 Lots (1,800 shares) = ₹3,40,200 |
| Total Issue Size | ₹93.90 Crore (Fresh Issue) |
Investors must ensure they have sufficient liquidity for the ₹2.26 lakh minimum lot commitment.
Business Overview & Financials
Credent Connect operates an integrated healthcare logistics, pharmaceutical supply chain, and patient diagnostic support network across semi-urban and tier-2 locations.
- FY25 Revenue: ₹142 Crore (+24% YoY)
- FY25 Net Profit: ₹16.8 Crore (+31% YoY)
- PAT Margin: 11.8%
Proceeds will fund new regional diagnostic centers and software enhancements for its B2B supply chain engine.
Conclusion
Credent Connect presents a growing healthcare logistics story, but the higher minimum application threshold of ₹2.26 lakh requires careful capital management. Investors with a higher risk appetite for SME liquidity can evaluate it for portfolio allocation.
Frequently asked questions
What is the minimum application size for Credent Connect SME IPO?+
Retail investors must apply for a minimum of 2 lots (1,200 shares), amounting to ₹2,26,800 at the cap price of ₹189.
What is the issue size and price band of Credent Connect IPO?+
The issue size is ₹93.90 crore (100% fresh issue) with a price band of ₹179 to ₹189 per equity share.
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