Dhillon Freight Carrier Limited Link 
Allotment
The Dhillon Freight Carrier IPO will open for subscription on September 29, 2025, and close on October 1, 2025. The IPO is a fixed price issue through which the company aims to raise approximately ₹10.08 crore. The issue comprises a fresh issue of ₹10.08 crore along with an offer for sale of up to [●] equity shares, each with a face value of ₹10.
The IPO price is fixed at ₹72 per share, with 50% of the issue reserved for retail investors and 50% for High Net-worth Individuals (HNIs), while no portion is allocated to Qualified Institutional Buyers (QIBs).
The basis of allotment is expected to be finalized on October 3, 2025, and the equity shares are scheduled to be listed on the BSE SME platform on October 7, 2025.
Financially, Dhillon Freight Carrier reported revenue of ₹25.22 crore in FY2025, up from ₹24.73 crore in FY2024. Net profit increased to ₹1.73 crore in FY2025 from ₹1.09 crore in the previous year. Based on its financial performance, the IPO may be suitable for investors with a long-term investment perspective.
₹72
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Open
₹72
HIgh - Low
₹72
Previous Close
₹72
Total Traded Value
0
52 Weeks High
₹72
52 Weeks Low
₹72
Updates On
Sep 21, 2025
IPO. Open
Sep 29, 2026
IPO. Close
Oct 1, 2026
IPO. Price
₹72.00
IPO Market price
₹28.22 Cr
IPO Details
| IPO Date | 7 Oct |
| IPO Listing Date | 7 Oct |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹72.00 |
| IPO Issue Size | 14,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 25,20,000 |
IPO Timeline
| IPO Open Date | 29 Sep |
| IPO Close Date | 1 Oct |
| IPO Allotment (Tentative) | 3 Oct |
| Refunds | 6 Oct |
| Credit to Demat Account | 6 Oct |
| IPO Listing Date | 7 Oct |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 6,64,000 |
| Retail Shares Offered | 6,65,600 |
IPO Lot Size
Investors can place bids for a minimum of 3,200 equity shares, and thereafter in multiples of 1,600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
M/s Dhillon Freight Carrier provides comprehensive logistics solutions with a primary focus on road transportation. The company operates as a goods transport agency, offering services such as parcel/less-than-truckload (LTL) transport, contract logistics, and fleet rental/fleet leasing for a variety of industries.
Products and Services
* Parcel / Less-than-Truckload (LTL) services
* Contract logistics solutions
* Fleet rental and fleet leasing services
The company serves both B2B and B2C customers across West Bengal, Bihar, Delhi, and Uttar Pradesh.
Dhillon Freight Carrier owns an in-house fleet of 62 vehicles and operates through a network of 22 booking offices, pickup centers, warehouses, delivery offices, and agency networks, ensuring efficient and timely service.
Competitive Strengths:
Diversified range of logistics services catering to multiple industries
Wide customer base across sectors including apparel, engineering goods, electrical hardware, footwear, and paints
Strong fleet capacity with 62 owned vehicles
Modern and eco-friendly fleet with a focus on electric three-wheelers
Company Financials (Consolidated)
| 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 | 3.5 | 1.5 |
| Reserves and Surplus | 2.71 | 0.98 | 1.33 |
| Total Borrowing | 3.34 | 4.8 | 4.39 |
Key Performance Indicator (KPI
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 1.09 |
| 4 | Offer for Sale (OFS) | - |
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
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dfc.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
The IPO opened for subscription on 29 September 2025 and closed on 1 October 2025. The shares were listed on the BSE SME platform on 7 October 2025.
The IPO was priced at ₹72 per share with a face value of ₹10. Investors were required to apply for a minimum of 3,200 shares, amounting to ₹2,30,400.
Dhillon Freight Carrier raised approximately ₹10 crore through a fresh issue of 14,00,000 equity shares. There was no allocation made for Qualified Institutional Buyers in this issue.
The IPO reserved 50% of shares for retail investors and 50% for Non-Institutional Investors (HNIs). No portion of the issue was allocated to QIB category investors.
The company planned to use ₹7.67 crore for purchasing goods transportation vehicles and fabrication, while ₹1.09 crore was allocated for general corporate expenses.
For FY2025, the company reported revenue of ₹25.22 crore and a net profit of ₹1.73 crore, reflecting steady revenue growth and a strong 58% increase in profit.
The shares were listed on the BSE SME platform. Kfin Technologies Ltd. acted as the registrar, handling allotment, refunds, and investor-related IPO services.
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