# Credent Connect N Care IPO opens, GMP signals strong listing 2026-08-13T16:46:16+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Credent Connect N Care IPO opened for subscription on 13 August, with a price band of Rs 179 to Rs 189 per share. The company aims to raise Rs 94 crore through a fresh issue of 49.68 lakh equity shares. As of day one, the IPO was subscribed 1.48 times, with the retail portion seeing 2.04 times demand. The grey market premium (GMP) stood at Rs 72, indicating a potential listing price of Rs 261, a 38% gain over the upper band. The company, which has over 2,500 laboratory clients and 6,500 field staff, reported revenue of Rs 214.16 crore and profit after tax of Rs 18.45 crore for FY2025-26. Ace investor Ashish Kacholia holds a 2.02% stake, acquired at Rs 187 per share in July 2026. The IPO closes on 17 August, with listing expected on 20 August. ## Coverage - livemint.com Tags: Ashish Kacholia, Credent Connect N Care, GMP, healthcare logistics, IPO, stock market Canonical: https://indianopinion.org/credent-connect-n-care-ipo-opens-gmp-signals-strong-listing/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/credent-connect-n-care-ipo-opens-gmp-signals-strong-listing/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.