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Dhillon Freight Carrier IPO
Dhillon Freight Carrier IPO is a fixed price issue of INR 10.08 crore. The issue is an entirely fresh issue of 0.14 crore shares. The price is INR 72 per share and the lot size for an application is 1,600. The minimum amount of investment required by an individual investor is INR 2,30,400 (3,200 shares). Dhillon IPO will open for subscription on Sep 29, 2025 and close on Oct 3, 2025. The IPO will list on BSE SME with a tentative listing date fixed as Oct 7, 2025.
Company Background
Dhillon Freight Carrier was incorporated in 2014, located in Kolkata, West Bengal (ISO Certified). The company is a logistics solution provider specializing in road transportation, offering services like parcel/less truck-load (LTL) and fleet rental/fleet leasing for industries. It serves both B2B and B2C customers across West Bengal, Bihar, Delhi and Uttar Pradesh. The promoters of Dhillon aim to strengthen operational capacity and expand geographically while maintaining customer satisfaction.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Dhillon Freight Carrier IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Dhillon Freight Carrier IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹10.08 Cr) |
| Reserved for Market Maker | 70,400 shares (aggregating up to ₹0.5069 Cr) Anant Securities |
| Net Offered to Public | 13,29,600 shares (aggregating up to ₹9.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,20,000 shares |
| Share Holding Post Issue | 39,20,000 shares |
Dhillon Freight Carrier IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
Dhillon Freight Carrier IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Dhillon Freight Carrier IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | 64.29% |
Competitive Strength:
- ⦁ Various services like parcel/LTL, contract logistics and rental, which cover a wider range of consumers.
- ⦁ Adaptation of new technology, which helps in stability in this growing market.
Dhillon Freight Carrier IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 9.71 | 25.22 | 1.73 | 5.23 | - | 3.34 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 9.16 | 24.73 | 1.09 | 3.50 | - | 4.80 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 6.78 | 29.91 | 0.36 | 1.50 | - | 4.39 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 39.65% |
| ROCE | 31.77% |
| Debt/Equity | 0.64 |
| RoNW | 33.09% |
| PAT Margin | 6.99% |
| EBITDA Margin | 14.84% |
| Price to Book Value | 3.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.86 | 4.41 |
| P/E (x) | 10.49 | 16.32 |
Conclusion
Dhillon Freight Carrier IPO offers an opportunity to invest in a growing company with operations in key states such as Bihar, Delhi and West Bengal. The company has a diverse fleet of 62 owned vehicles and a young, modern fleet with a focus on electric three-wheelers. Dhillon has shown consistent growth in revenue and profitability, reflecting strong management and operational efficiency.
DRHP:
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