Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Mon, Sep 29, 2025 - Wed, Oct 1, 2025
Dhillon Freight Carrier IPO is a fixed price issue of ₹10.08 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹10.08 crore.
Dhillon Freight Carrier IPO bidding started from Sep 29, 2025 and ended on Oct 1, 2025. The allotment for Dhillon Freight Carrier IPO was finalized on Oct 3, 2025. The shares got listed on BSE SME on Oct 7, 2025.
Dhillon Freight Carrier IPO price is ₹72 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,30,400 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,45,600.
Finshore Management Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Anant Securities.
Refer to Dhillon Freight Carrier IPO DRHP for detailed Information.
IPO Open
Mon, Sep 29, 2025
IPO Close
Wed, Oct 1, 2025
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹28.22 Cr
| IPO Date | 29 Sep to 1 Oct, 2025 |
| Listed on | Tue, Oct 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 70,400 shares Anant Securities (agg. up to ₹0.5069 Cr) |
| Fresh Issue (Ex Market Maker) | 13,29,600 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 13,29,600 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 25,20,000 shares |
| Share Holding Post Issue | 39,20,000 shares |
| BSE Script Code | 544556 |
| ISIN | INE0SPJ01011 |
Dhillon Freight Carrier IPO comprises a total issue size of 14,00,000 shares. The net offer to the public is 13,29,600 shares, after excluding 70,400 shares allotted on a firm basis. Of the Net offer 6,64,000 (49.94%) allocated to NII 6,65,600 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,64,000 | 49.94% | 47.43% |
| Retail Shares Offered | 6,65,600 | 50.06% | 47.54% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,400 | 5.03% | |
| Total Shares Offered | 14,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| 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 |
M/s Dhillon Freight Carrier offers logistics solution services, particularly road transportation. It is a goods transport agency offering parcel/less than truck-load (LTL), contract logistics, and fleet rental/fleet leasing services to industries.
Products/Services:
It serves both B2B and B2C customers across the states of West Bengal, Bihar, Delhi, and Uttar Pradesh.
The company has an in-house fleet of 62 vehicles. It operates through a network of 22 booking offices, pickup facilities, warehouses, delivery offices, and agency networks.
Strengths
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 9.71 | 9.16 | 6.78 |
| Total Income | 25.22 | 24.73 | 29.91 |
| Profit After Tax | 1.73 | 1.09 | 0.36 |
| EBITDA | 3.67 | 3.31 | 1.74 |
| NET Worth | 5.23 | 3.50 | 1.50 |
| Reserves and Surplus | 2.71 | 0.98 | 1.33 |
| Total Borrowing | 3.34 | 4.80 | 4.39 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Goods Transportation Vehicles and its Fabrication | 7.67 |
| 2 | General Corporate Expenses | 1.09 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 6.86 | 4.41 |
| P/E (x) | 10.49 | 16.32 |
| Promoter Holding | 100% | 64.29% |
| Market Cap | ₹28.22 Cr. |
The Dhillon Freight Carrier IPO is subscribed 2.91 times on October 1, 2025 5:04:55 PM (Day 3). The public issue subscribed 4.87 times in the individual investors category, [.] times in the QIB category, and 0.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.96 | 6,65,600 | 6,38,400 | 0 |
| Individual Investor | 4.87 | 6,64,000 | 32,35,200 | 0 |
| Total | 2.91 | 13,29,600 | 38,73,600 | 1,099 |
Total Application : 1,099
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees (including Underwriting commission) | 0.45 |
| 2 | Registrar to the issue | 0.02 |
| 3 | Legal Advisor | 0.01 |
| 4 | Peer Review Auditors | 0.02 |
| 5 | Market Maker | 0.03 |
| 6 | Sponsor Bank and Bankers to the Issue | 0.01 |
| 7 | UPI Bidding charges, Printing and distribution of Issue Stationary, other Miscellaneous expenses | 0.06 |
| 8 | Regulators including Stock Exchanges | 0.10 |
| 9 | Advertising and Marketing Expenses | 0.63 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹57.60 |
| Low | ₹54.72 |
| High | ₹57.60 |
| Last Trade | ₹54.72 |
Lead Manager Reports
Dhillon Freight Carrier IPO is a SME IPO of 14,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dhillon Freight Carrier IPO using UPI as a payment gateway. Zerodha customers can apply in Dhillon Freight Carrier IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhillon Freight Carrier IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhillon Freight Carrier IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025.
Dhillon Freight Carrier IPO lot size is 1600, and the minimum amount required for application is ₹2,30,400, with 2 lots being the minimum application size.
You can apply in Dhillon Freight Carrier IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhillon Freight Carrier IPO will be done on Friday, October 3, 2025, and the allotted shares will be credited to your demat account by Mon, Oct 6, 2025. Check the Dhillon Freight Carrier IPO allotment status.
The Dhillon Freight Carrier IPO listing date is on Tue, Oct 7, 2025.
