Dhillon Freight Carrier Limited is a logistics service provider specializing in road transportation solutions. Operating as a goods transport agency, the company offers a diverse range of services including:
- Parcel / Less-than-Truck-Load (LTL)
- Contract Logistics
- Fleet Rental & Leasing Services
The company caters to both B2B and B2C clients, with a strong presence across West Bengal, Bihar, Delhi, and Uttar Pradesh.
Backed by an in-house fleet of 62 vehicles and a well-developed network of 22 booking offices, warehouses, pickup points, delivery offices, and agency partners, Dhillon Freight Carrier ensures efficient, reliable, and timely logistics solutions for industries nationwide.
Dhillon Freight Carrier IPO – Details
| IPO Opening Date | 29 September 2025 |
| IPO Closing Date | 01 October 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 14,00,000 Shares Worth ₹10.08 Crore Fresh Issue: 14,00,000 Shares Worth ₹10.08 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per share |
| Market Lot | 1,600 Shares |
| Min Order | 1,600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Dhillon Freight Carrier IPO – Date Schedule
| IPO Open Date | 29 September 2025 |
| IPO Close Date | 01 October 2025 |
| Basis of Allotment | 03 October 2025 |
| Initiation of Refund | 06 October 2025 |
| Credit of Shares to Demat | 06 October 2025 |
| IPO Listing Date | 07 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 01, 2025 |
Dhillon Freight Carrier IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Competitive Strengths
- Diversified range of logistics services.
- Diverse customer base across industries, i.e., Apparel, engineering goods, electrical hardware, footwear, paints, etc.
- Diverse fleet of 62 owned vehicles.
- Young & modern fleet focusing on electric three-wheelers.
Company Promoters
- Mr. Karan Singh Dhillon
- Mr. Karamveer Singh Dhillon
- Mrs. Joyce Singh Dhillon
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹29.91 Cr | ₹29.43 Cr | ₹0.36 Cr | ₹4.39 Cr |
| 31 March 2024 | ₹24.73 Cr | ₹23.26 Cr | ₹1.09 Cr | ₹4.80 Cr |
| 31 March 2025 | ₹25.22 Cr | ₹22.87 Cr | ₹1.73 Cr | ₹3.34 Cr |
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 (₹) | 6.86 | 4.41 |
| P/E (x) | 10.49 | 16.32 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase of Goods Transportation Vehicles and its Fabrication. | ₹7.67 Cr |
| General Corporate Purposes. | ₹1.09 Cr |
✅Strengths
- Diverse services – Parcel/LTL, contract logistics, and fleet rental.
- Own fleet of 62 vehicles with 22 offices and warehouses.
- ISO-certified, experienced promoters, and steady financial growth.
⚠️Risks
- Operations concentrated in a few states.
- High dependence on fleet costs (fuel, maintenance, loans).
- Competitive industry with legal and debt exposure.
Dhillon Freight Carrier IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 64.29% |
Dhillon Freight Carrier IPO Prospectus
Company Contact Information
| 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 Website: http://www.dfclogistics.in/ |
Dhillon Freight Carrier IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: dfc.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Dhillon Freight Carrier IPO Lead Manager(s)
| 1. Finshore Management Services Ltd. |
Dhillon Freight Carrier IPO FAQ
| What is Dhillon Freight Carrier IPO? Dhillon Freight Carrier IPO is an SME IPO. The issue is priced at ₹72 per equity share. The IPO is to be listed on BSE SME. |
| When Dhillon Freight Carrier IPO will open? The IPO is to open on 29 September 2025 for NII and Retail Investors. |
| What is Dhillon Freight Carrier IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Dhillon Freight Carrier IPO Size? Dhillon Freight Carrier IPO size is ₹10.08 Crore. |
| What is Dhillon Freight Carrier IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,30,400 amount, while the maximum bid is 3200 Shares with ₹2,30,400. |
| What is the Dhillon Freight Carrier IPO Allotment Date? Dhillon Freight Carrier IPO allotment date is 03 October 2025. |
| What is the Dhillon Freight Carrier IPO Listing Date? Dhillon Freight Carrier IPO listing date is 07 October 2025. The IPO is to be listed on the BSE SME. |
