Credent Connect stock nearly doubles investors' wealth after debut

Credent Connect N Care shares nearly doubled investors' wealth after debuting on NSE Emerge at a 90% premium to IPO price of ₹189 on Thursday. The stock hit the 5% upper circuit at ₹377.05 shortly after listing, taking gains over the issue price to 99.5%. The company had raised ₹93.9 crore through its IPO, which comprised an entirely fresh issue.