IPO Details

About Company

Credent Connect N Care Ltd., incorporated in 2015, operates in the healthcare sector, focusing on providing integrated healthcare solutions through a robust technology platform. The company is part of the Credent Group, which has a diversified portfolio in various sectors. Credent Connect N Care Ltd. offers a range of products and services including telemedicine, health management systems, and wellness programs, catering to both individual consumers and healthcare providers. With state-of-the-art manufacturing facilities located in key regions, the company ensures high-quality service delivery. Its geographic presence spans across major cities in India, supported by a comprehensive distribution network that includes partnerships with hospitals, clinics, and pharmacies. In the latest financial year, Credent Connect N Care Ltd. reported a total income of INR 150 crore, with a net profit of INR 20 crore, reflecting a healthy EBITDA margin of 15%. The company's return on capital employed (ROCE) stands at 12%, while return on equity (ROE) is at 10%. The debt-equity ratio is relatively low at 0.5, indicating a stable financial structure. The objectives of the IPO include funding expansion initiatives, enhancing technological capabilities, and repaying existing debt. Post-issue, the market capitalisation is projected to be around INR 800 crore, with an earnings per share (EPS) of INR 5 and a price-to-earnings (P/E) ratio of 16. Investor sentiment appears positive, driven by the increasing demand for healthcare solutions and the company's strategic growth plans.