Comparison between Dhillon Freight Carrier IPO and Systematic Industries IPO.
Dhillon Freight Carrier IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Systematic Industries IPO is a SME Bookbuilding proposed to list at BSE SME.
| Dhillon Freight Carrier IPO | Systematic Industries IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Hem Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Anant Securities | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Dhillon Freight Carrier IPO is up to ₹9.57 Cr whereas the issue size of the Systematic Industries IPO is up to ₹109.75 Cr. The final issue price of Dhillon Freight Carrier IPO is ₹72.00 per share and of Systematic Industries IPO is ₹195.00 per share.
| Dhillon Freight Carrier IPO | Systematic Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹185.00 per share | |
| Issue Price (Upper) | ₹195.00 per share | |
| Issue Price (Final) | ₹72.00 per share | ₹195.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 600 shares |
| Fresh Issue Size | 13,29,600 shares | 52,28,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.57 Cr | up to ₹101.95 Cr |
| OFS Issue Size | 0 shares | 4,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.80 Cr |
| Issue Size Total | 13,29,600 shares | 56,28,000 shares |
| Issue Size Total (Amount) | up to ₹9.57 Cr | up to ₹109.75 Cr |
Dhillon Freight Carrier IPO opens on Sep 29, 2025, while Systematic Industries IPO opens on Sep 24, 2025. The closing date of Dhillon Freight Carrier IPO and Systematic Industries IPO is Oct 01, 2025, and Sep 26, 2025, respectively.
| Dhillon Freight Carrier IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Bid Date | Sep 23, 2025 | |
| Issue Open | Sep 29, 2025 | Sep 24, 2025 |
| Issue Close | Oct 01, 2025 | Sep 26, 2025 |
| Basis Of Allotment (Tentative) | Oct 03, 2025 | Sep 29, 2025 |
| Initiation of Refunds (Tentative) | Oct 06, 2025 | Sep 30, 2025 |
| Credit of Share (Tentative) | Oct 06, 2025 | Sep 30, 2025 |
| Listing date (Tentative) | Oct 07, 2025 | Oct 01, 2025 |
| Anchor Lockin End date 1 | Oct 29, 2025 | |
| Anchor Lockin End date 2 | Dec 28, 2025 |
Dhillon Freight Carrier IPO P/E ratio is 10.49, as compared to Systematic Industries IPO P/E ratio of 17.75.
| Dhillon Freight Carrier IPO | Systematic Industries 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.
| Company Financials (Restated)Systematic Industries Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 99.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.29 | 73.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.49 | 17.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹28.22 Cr. | ₹435.46 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 39.65% | 25.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.77% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.64 | 1.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.86 | ₹10.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.09% | 22.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dhillon Freight Carrier IPO Retail Individual Investors (RII) are offered 6,65,600 shares while in Systematic Industries IPO retail investors are offered 6,65,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Dhillon Freight Carrier IPO and 11,25,600 shares in Systematic Industries IPO.
| Dhillon Freight Carrier IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 16,87,800 shares |
| Market Maker Reservation | 70,400 shares | 3,00,000 shares |
| QIB | 0 shares | 11,25,600 shares |
| NII | 6,64,000 shares | 8,44,200 shares |
| RII | 6,65,600 shares | 19,70,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 13,29,600 shares | 56,28,000 shares |
Dhillon Freight Carrier IPO subscribed 2.91x in total, whereas Systematic Industries IPO subscribed 6.20x.
| Dhillon Freight Carrier IPO | Systematic Industries IPO | |
|---|---|---|
| QIB (times) | 9.85x | |
| NII (times) | 0.96x | 7.94x |
| Big NII (times) | 9.70x | |
| Small NII (times) | 4.42x | |
| RII (times) | 4.87x | 3.36x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.91x | 6.20x |
