Credent Connect N Care Ltd - IPO

Credent Connect N Care Ltd IPO Details

Initial public offer of upto 49,68,000 equity shares of face value of Rs. 10/- each (the equity shares) of Credent Connect N Care Limited (formerly known as Credent Connect N Care Private Limited and erstwhile known as Credent Cold Chain Logistics Private Limited) (the company or Credent or the issuer) at an issue price of Rs. [*] per equity share (including share premium of Rs.[*] per equity share) for cash, aggregating up to Rs.[*] crores (public issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the net issue. The public issue and net issue will constitute 26.44% and [*]% respectively of the post-issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Investment in our wholly owned subsidiary, Credent Healthcare Private Limited to meet its working capital requirement. Investment in our 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 its Company. General corporate purposes*.

Credent Connect N Care Ltd Contact Details

Credent Connect N Care Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@c3logistics.co.in

Website - https:, c3logistics.co.in