Credent Connect N Care raises US$3.6M from anchors before US$12.8M IPO
What's the deal? New Delhi-based healthcare and medical logistics provider Credent Connect N CareDealroom has a profile for this one. Try Dealroom → raised US$3.6M from 10 anchor investors on 12 August 2026, a day before opening its initial public offering (IPO). Backers include Abakkus Asset ManagerDealroom has a profile for this one. Try Dealroom →, Motilal OswalDealroom has a profile for this one. Try Dealroom →, 360 ONE AssetDealroom has a profile for this one. Try Dealroom → and Ashish KacholiaDealroom has a profile for this one. Try Dealroom →.
The numbers: The company aims to raise US$12.8M through a fresh issue of 49.68 lakh shares, priced at US$2.43–US$2.57 per share. Anchors took 14.04 lakh shares — 28% of the offer — at US$2.57 apiece.
Why now? The IPO opens for public subscription on 13 August 2026 and closes on 17 August 2026. The anchor allotment ahead of the launch is a standard step to lock in institutional demand.
Notable shareholders: Sunil Singhania-owned Abakkus Asset ManagerDealroom has a profile for this one. Try Dealroom → emerged as the largest anchor. Its Abakkus Venture Opportunities Fund and Mint Focussed Growth Fund each picked up 2.64 lakh shares for US$679K.
The signal: The anchor commitments provide an early indication of institutional demand ahead of the public offering.
Read more: Moneycontrol
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