Dhillon Freight Carrier IPO
Dhillon Freight Carrier IPO Details
-
Open Date
29 Sep 2025
-
Close Date
01 Oct 2025
-
Listing Date
07 Oct 2025
- IPO Price Range
₹ 72
- IPO Size
₹ 10.08 Cr
- Listing Exchange
BSE SME
Dhillon Freight Carrier IPO Timeline
Dhillon Freight Carrier IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-25 | - | 0.11 | 0.54 | 0.33 |
| 30-Sep-25 | - | 0.32 | 1.90 | 1.11 |
| 01-Oct-25 | - | 0.96 | 4.87 | 2.91 |
Last Updated: 01 October 2025 6:49 PM by 5paisa
Dhillon Freight Carrier Limited, incorporated in 2008 and headquartered in Ludhiana, Punjab, is a logistics and transport services company engaged in full truckload (FTL) and partial truckload (PTL) freight movement across India. The company specialises in road transportation of goods, catering to sectors such as steel, textiles, FMCG, automotive, and industrial goods. With a strong presence in North and West India, it has built relationships with major corporate clients and small businesses alike, offering reliable and timely services.
The company owns and operates a fleet of vehicles, while also engaging third-party trucks to scale its operations based on demand. Over time, it has invested in technology-driven fleet management and tracking systems to improve efficiency and customer service. Its core strengths lie in its long-standing market presence, ability to handle bulk goods, and maintaining strong service reliability in competitive markets.
Established year: 2014
Managing Director: Dhillon Singh Karan
Peers:
1. Orissa Bengal Carrier Limited
2. GB Logistics Commerce Limited
Dhillon Freight Carrier Objectives
1. Expand and modernise vehicle fleet
2. Funding working capital requirements
3. Repayment / prepayment of certain borrowings
4. General corporate purposes
Dhillon Freight Carrier IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹ 10.08 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹ 10.08 Cr |
Dhillon Freight Carrier IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,30,400 |
| Retail (Max) | 2 | 3,200 | 2,30,400 |
Dhillon Freight Carrier IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| NII (HNI) | 0.96 | 6,65,600 | 6,38,400 | 4.60 |
| Retail Investors | 4.87 | 6,64,000 | 32,35,200 | 23.29 |
| Total** | 2.91 | 13,29,600 | 38,73,600 | 27.89 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in ₹ Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 29.59 | 24.01 | 24.73 |
| EBITDA | 1.74 | 3.31 | 3.67 |
| PAT | 0.35 | 1.09 | 1.72 |
| Particulars (in ₹ Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 6.78 | 9.16 | 9.70 |
| Share Capital | 0.17 | 2.52 | 2.52 |
| Total Borrowing | 4.39 | 4.79 | 3.33 |
| Particulars (in ₹ Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 2.68 | 2.31 | 3.42 |
| Net Cash Generated From / (used in) Investing Activities | -3.61 | -1.70 | -0.24 |
| Net Cash Generated From / (used in) financing activities | -0.47 | 0.66 | -1.63 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -1.40 | 1.27 | 1.54 |
Strengths
1. Established player with over 15 years’ presence
2. Strong customer base across multiple industries
3. Combination of owned fleet and outsourced trucks
4. Focus on timely delivery and reliability
5. Use of technology for fleet tracking
Weaknesses
1. High dependence on road transport demand cycles
2. Working capital-intensive operations
3. Exposure to rising fuel and maintenance costs
4. Regional concentration in North and West India
5. Thin margins typical of transport sector
Opportunities
1. Growth in organised logistics and transport demand
2. Increasing need for reliable supply chain partners
3. Expansion into new geographies and sectors
4. Rising e-commerce and FMCG distribution opportunities
5. Scope for technology-driven efficiency improvements
Threats
1. Intense competition from unorganised transporters
2. Regulatory changes in logistics and transport laws
3. Volatility in fuel prices impacting profitability
4. Infrastructure bottlenecks affecting efficiency
5. Economic downturns reducing freight volumes
1. Established logistics brand with long-standing industry presence
2. Diversified client base across multiple industries
3. IPO proceeds to support fleet expansion and working capital
4. Positioned to benefit from rising logistics demand in India
5. Growing adoption of technology in operations to improve service efficiency
India’s logistics sector is one of the fastest-growing globally, with road transport accounting for nearly 60% of total freight movement. Rising demand from industries, e-commerce, and FMCG distribution continues to push for reliable, scalable logistics players. Dhillon Freight Carrier, with its established presence in the North and West regions, diversified customer base, and mix of owned and outsourced fleet, is positioned to capture this growth. By expanding its fleet, enhancing technology use, and reducing debt, the company can strengthen its competitiveness. Future growth will depend on expanding its geographic footprint, controlling costs, and leveraging digital solutions for efficiency, as competition in this sector remains intense.
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FAQs
Dhillon Freight CarrierIPO opens from September 29, 2025 to October 1, 2025.
The size of Dhillon Freight CarrierIPO is ₹10.08 Cr.
The price band of Dhillon Freight Carrier IPO is fixed at ₹72 per share.
To apply for Dhillon Freight Carrier IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Dhillon Freight Carrier IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of the Dhillon Freight Carrier IPO is of 3,200 shares and the investment required is ₹2,30,400.
The share allotment date of Dhillon Freight Carrier IPO is October 3, 2025
The Dhillon Freight Carrier IPO will likely be listed on October 7, 2025.
Finshore Management Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Dhillon Freight Carrier plans to utilise the raised capital from the IPO for:
1. Expand and modernise vehicle fleet
2. Funding working capital requirements
3. Repayment / prepayment of certain borrowings
4. General corporate purposes
Dhillon Freight Carrier Contact Details
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 Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: dfc.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Dhillon Freight Carrier IPO Lead Manager
Finshore Management Services Ltd.