Credent Connect IPO Day 2: GMP ₹45
Welcome back, investors! It’s Day 2 of the Credent Connect SME IPO subscription period, and we’re here to break down the latest numbers. As of today, August 14th, 2026, the IPO, which opened yesterday, is steadily progressing through its subscription window. With the IPO closing on August 17th, there’s still time for potential investors to get in. Let’s dive into the details.
| Date | GMP | Est. Listing |
|---|---|---|
| 20 Aug | +₹47 | ₹236 |
| 19 Aug | +₹47 | ₹236 |
| 18 Aug | +₹42 | ₹231 |
| 17 Aug | +₹62 | ₹251 |
| 14 Aug | +₹45 | ₹234 |
Subscription Status
The subscription numbers for Credent Connect on Day 2 are looking like this: Retail is at 0x, NII is at 0x, QIB is at 0x, and the Total subscription stands at 0x. Now, before you raise an eyebrow, it’s crucial to understand how IPO subscriptions typically unfold, especially for SME IPOs. Often, the initial days, particularly Day 1 and even Day 2, see a slower uptake. This is quite common as many investors, especially high-net-worth individuals (HNIs) and institutional players, tend to wait until the last couple of days to place their bids. They prefer to assess the overall market sentiment and the final subscription levels before committing their capital. So, while the 0x figure might seem alarming at first glance, it’s not necessarily a red flag at this stage. It simply means the real action hasn’t begun yet. We’ll be keeping a very close eye on how the NII and Retail categories start to fill up as we move closer to the closing date.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 0.00x | |
| NII / HNI | 0.00x | |
| QIB | 130.40x | |
| Total | 130.40x |
GMP Update
Moving on to the Grey Market Premium (GMP), the Credent Connect IPO is currently trading at ₹45. This is the same GMP we saw yesterday, indicating a stable sentiment in the unofficial market. The issue price is set at ₹189, and with the current GMP of ₹45, the expected listing price is around ₹234 (Issue Price + GMP). This projected listing price suggests a potential gain of approximately 23.8% on listing day, which is quite attractive. The fact that the GMP has remained steady is encouraging, showing that the market makers aren’t seeing any significant negative shifts in investor interest. For a lot size of 600 shares, this ₹45 GMP translates to a potential profit of ₹27,000 per lot, which is a decent return for a relatively small IPO.
Should You Apply?
So, the big question: should you be applying for the Credent Connect IPO? Based on the data we have today, it’s a mixed bag, but leaning towards cautiously optimistic. The subscription numbers are still nascent, which is expected. The GMP, however, is holding firm and pointing towards a healthy listing. This suggests that even though the official subscription channels aren’t buzzing yet, there’s underlying demand and positive sentiment in the grey market. Remember, SME IPOs are inherently riskier than mainboard IPOs. It’s always wise to do your own due diligence and consider your risk appetite. As per SEBI guidelines, it’s recommended to consult with your financial advisor before making any investment decisions. The IPO period runs until August 17th, 2026, so you have a few more days to deliberate. The potential for a good listing gain is there, but it’s essential to weigh this against the inherent risks associated with SME investments. For more detailed information and to track the subscription progress, you can View Full Credent Connect IPO Details.