Dhillon Freight Carrier IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
M/s Dhillon Freight Carrier is a logistics solutions provider specializing in road transportation services. As a goods transport agency, the company offers a wide range of services including parcel/less than truck-load (LTL) transportation, contract logistics, and fleet rental/fleet leasing…
Open Date
Mon, 29 Sep 2025
Close Date
Wed, 01 Oct 2025
Issue Price
₹ 72
Lot Size
1600
Issue Size
₹ 10.08 Cr
Minimum Investment
₹ 230,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Dhillon Freight Carrier IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹10.08 Crore.
The Dhillon Freight Carrier IPO remained open for subscription from September 29, 2025, to October 01, 2025. The basis of allotment was finalized on October 03, 2025, and the company's shares were listed on BSE SME Platform on October 07, 2025.
The company had fixed the price at ₹72 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹230,400 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Dhillon Freight Carrier Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Dhillon Freight Carrier IPO Timeline (Tentative)
- IPO Open Date
- Mon, 29 Sep 25
- IPO Close Date
- Wed, 01 Oct 25
- Basis of Allotment
- Fri, 03 Oct 25
- Initiation of Refunds
- Mon, 06 Oct 25
- Credit of Shares to Demat
- Mon, 06 Oct 25
- Listing Date
- Tue, 07 Oct 25 — NSE & BSE
Open Date
29 September 2025
Close Date
01 October 2025
Basis Of Allotment
03 October 2025
Listing Date
07 October 2025
IPO Subscription
Check Live Subscription →The Dhillon Freight Carrier IPO has received bids for 39,47,200 shares against 13,29,600 shares offered, resulting in an overall subscription of 2.97x. the NII category is subscribed 1.06x, Retail Investors 4.88x, and QIBs 0x.
QIB
0x
NII
1.06x
RII
4.88x
Total
2.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,64,000 shares, representing 49.94% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 6,65,600 shares (50.06%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 665,600 | 50.06% |
| Retail Investors | 664,000 | 49.94% |
| Total | 1,329,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 9.71 | 9.16 | 6.78 |
| Revenue | 25.22 | 24.73 | 29.91 |
| Profit After Tax | 1.73 | 1.09 | 0.36 |
| Net Worth | 5.23 | 3.5 | 1.5 |
| Reserve & Surplus | 2.71 | 0.98 | 1.33 |
| Total Borrowings | 3.34 | 4.8 | 4.39 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Dhillon Freight Carrier Limited KPI Information
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 39.65 | 43.78 | 27.13 |
| ROCE % | 31.77 | 23.48 | 15.34 |
| Debt / Equity | 0.64 | 1.37 | 2.94 |
| RoNW % | 33.09 | 31.25 | 23.89 |
| Pat Margin % | 6.99 | 4.55 | 1.21 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Dhillon Freight Carrier Ltd | 10 | 10.49 | 6.86 | 6.86 | 33.09 | 20.75 |
| GB Logistics Commerce Ltd | 10 | 8.36 | 5.87 | 5.87 | 8.24 | 53.39 |
| Orissa Bengal Carrier Ltd | 10 | 110.86 | 0.51 | 0.51 | 1.19 | 42.95 |
About Dhillon Freight Carrier Limited
M/s Dhillon Freight Carrier is a logistics solutions provider specializing in road transportation services. As a goods transport agency, the company offers a wide range of services including parcel/less than truck-load (LTL) transportation, contract logistics, and fleet rental/fleet leasing solutions, catering to diverse industry needs.
Products & Services
- Parcel / Less than Truck-Load (LTL): Efficient and cost-effective solutions for transporting smaller consignments.
- Contract Logistics: End-to-end customized logistics support, from storage to last-mile delivery.
- Fleet Rental / Fleet Leasing Services: Flexible vehicle rental and leasing options to support businesses with transportation needs.
Operations & Presence
- Serves both B2B and B2C customers across West Bengal, Bihar, Delhi, and Uttar Pradesh.
- Operates an in-house fleet of 62 vehicles, ensuring reliable and timely service.
- Maintains a strong infrastructure through 22 booking offices, pickup facilities, warehouses, delivery offices, and agency networks to streamline operations.
M/s Dhillon Freight Carrier combines experience, operational efficiency, and customer-centric solutions to deliver safe, reliable, and scalable logistics services.
Dhillon Freight Carrier IPO Promoters
- Mr. Karan Singh Dhillon
- Mr. Karamveer Singh Dhillon
- Mrs. Joyce Singh Dhillon
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
64.29%
Dhillon Freight Carrier IPO Objective
The Company Dhillon Freight Carrier IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase of Goods Transportation Vehicles and its Fabrication
- General Corporate Expenses
- Issue Related Expenses
Dhillon Freight Carrier Limited Address / Contact Details
Dhillon Freight Carrier Ltd.
Chatterjee International Building,
33A Jawaharlal Nehru Road
20th Floor, Suite No. A03, Middleton Row,
Kolkata, West Bengal, 700071
Phone: +91 99031 30247
Email: cs@dfclogistics.in
Website: http://www.dfclogistics.in/
IPO Snapshot
Dhillon Freight Carrier IPO Lot Size
The Dhillon Freight Carrier IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,30,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,30,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 230,400.00 |
| Retail (Max) | 2 | 3,200 | 230,400.00 |
| S-HNI (Min) | 3 | 4,800 | 345,600.00 |
Issue Reservation
- NII — 50.06%
- RII — 49.94%
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Dhillon Freight Carrier IPO?
Dhillon Freight Carrier IPO is a Fixed price IPO with a total issue size of ₹10.08 crore. The Dhillon Freight Carrier IPO price band is ₹72 to 72 per share. The Dhillon Freight Carrier IPO subscription opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025. The Dhillon Freight Carrier IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Dhillon Freight Carrier IPO.
When will the Dhillon Freight Carrier IPO open for subscription?
The Dhillon Freight Carrier IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025
What is Dhillon Freight Carrier IPO Price Band?
Dhillon Freight Carrier IPO Price Band is ₹72 to 72 per share.
What is Dhillon Freight Carrier IPO Lot Size?
Dhillon Freight Carrier IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹230400 based on the upper price band
What is the minimum investment for Dhillon Freight Carrier IPO?
The minimum investment for Dhillon Freight Carrier IPO is ₹230400, based on one lot of 1600 shares at the upper price band of ₹72 per share.
How to apply for Dhillon Freight Carrier IPO?
Investors can apply for the Dhillon Freight Carrier IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Oct 1, 2025. The application amount remains blocked until the Dhillon Freight Carrier IPO allotment is finalized.
What is Dhillon Freight Carrier IPO Issue Size?
Dhillon Freight Carrier IPO issue size is ₹10.08 crores.
What is the Dhillon Freight Carrier IPO Allotment Date?
Dhillon Freight Carrier IPO allotment date is Fri, Oct 3, 2025.
Who is the Dhillon Freight Carrier IPO Registrar?
The registrar for Dhillon Freight Carrier IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Dhillon Freight Carrier IPO allotment status, refund processing, and other IPO-related information.
What is the Dhillon Freight Carrier IPO GMP?
The Dhillon Freight Carrier IPO GMP (Grey Market Premium) is ₹12 as of Tue, Sep 30, 2025. Based on the upper price band of ₹72 per share, the estimated Dhillon Freight Carrier IPO listing price is ₹84, indicating a potential listing gain of approximately 16.67% over the issue price.
Who is the Dhillon Freight Carrier IPO Lead Manager?
The book-running lead managers (BRLMs) for the Dhillon Freight Carrier IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Dhillon Freight Carrier IPO Red Herring Prospectus (RHP).