Dhillon Freight Carrier IPO vs Ravelcare IPO

Comparison between Dhillon Freight Carrier IPO and Ravelcare IPO.

IPO Details

Dhillon Freight Carrier IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ravelcare IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Dhillon Freight Carrier IPO is up to ₹9.57 Cr whereas the issue size of the Ravelcare IPO is up to ₹22.88 Cr. The final issue price of Dhillon Freight Carrier IPO is ₹72.00 per share and of Ravelcare IPO is ₹130.00 per share.

 Dhillon Freight Carrier IPORavelcare IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹123.00 per share
Issue Price (Upper)₹130.00 per share
Issue Price (Final)₹72.00 per share₹130.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size13,29,600 shares17,60,000 shares
Fresh Issue Size (Amount)up to ₹9.57 Crup to ₹22.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,29,600 shares17,60,000 shares
Issue Size Total (Amount)up to ₹9.57 Crup to ₹22.88 Cr

IPO Timetable

Dhillon Freight Carrier IPO opens on Sep 29, 2025, while Ravelcare IPO opens on Dec 01, 2025. The closing date of Dhillon Freight Carrier IPO and Ravelcare IPO is Oct 01, 2025, and Dec 03, 2025, respectively.

 Dhillon Freight Carrier IPORavelcare IPO
Anchor Bid DateNov 28, 2025
Issue OpenSep 29, 2025Dec 01, 2025
Issue CloseOct 01, 2025Dec 03, 2025
Basis Of Allotment (Tentative)Oct 03, 2025Dec 04, 2025
Initiation of Refunds (Tentative)Oct 06, 2025Dec 05, 2025
Credit of Share (Tentative)Oct 06, 2025Dec 05, 2025
Listing date (Tentative)Oct 07, 2025Dec 08, 2025
Anchor Lockin End date 1Jan 03, 2026
Anchor Lockin End date 2Mar 04, 2026

Financials & KPIs

Dhillon Freight Carrier IPO P/E ratio is 10.49, as compared to Ravelcare IPO P/E ratio of 12.38.

 Dhillon Freight Carrier IPORavelcare IPO
Financials

Company Financials (Restated)

Dhillon Freight Carrier Ltd.'s revenue increased by 2% and profit after tax (PAT) rose by 58% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets9.719.166.78
Total Income25.2224.7329.91
Profit After Tax1.731.090.36
EBITDA3.673.311.74
NET Worth5.233.501.50
Reserves and Surplus2.710.981.33
Total Borrowing3.344.804.39
Amount in ₹ Crore

Company Financials (Restated)

Ravelcare Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets15.6811.638.031.74
Total Income14.4425.3022.283.49
Profit After Tax3.205.265.020.41
EBITDA4.336.826.640.51
NET Worth13.5510.355.100.07
Reserves and Surplus8.545.355.090.07
Total Borrowing0.040.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.96
Promoter Shareholding (Post-Issue)64.2972.95
P/E Ratio10.4912.38
Market Cap₹28.22 Cr.₹89.17 Cr.
ROE39.65%68.04%
ROCE31.77%68.32%
Debt/Equity0.64
EPS₹6.86₹10.50
RoNW33.09%50.77%

Shares Offered

In the Dhillon Freight Carrier IPO Retail Individual Investors (RII) are offered 6,65,600 shares while in Ravelcare IPO retail investors are offered 6,65,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Dhillon Freight Carrier IPO and 3,51,000 shares in Ravelcare IPO.

 Dhillon Freight Carrier IPORavelcare IPO
Anchor Investor Reservation0 shares5,25,000 shares
Market Maker Reservation70,400 shares94,000 shares
QIB0 shares3,51,000 shares
NII6,64,000 shares2,64,000 shares
RII6,65,600 shares6,20,000 shares
Employee0 shares0 shares
Others
Total13,29,600 shares17,60,000 shares

Bids Received (Subscription)

Dhillon Freight Carrier IPO subscribed 2.91x in total, whereas Ravelcare IPO subscribed 437.60x.

 Dhillon Freight Carrier IPORavelcare IPO
QIB (times)155.91x
NII (times)0.96x752.16x
Big NII (times)879.74x
Small NII (times)505.50x
RII (times)4.87x463.13x
Employee (times)
Other (times)
Total (times)2.91x437.60x

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