Who is the CEO of Dhillon Freight Carrier Ltd?
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The company is promoted by Mr. Karan Singh Dhillon, Mr. Karamveer Singh Dhillon & Mrs. Joyce Singh Dhillon.
Dhillon Freight Carrier Ltd., incorporated in 2014 and later converted into a public limited company in 2023, has built a strong presence in the logistics and road freight industry. The company offers diversified services such as parcel and less-than-truckload (LTL) transport, contract logistics, and fleet rental solutions, serving clients across West Bengal, Bihar, Delhi, and Uttar Pradesh.
With an in-house fleet of 62 vehicles and a wide network of booking offices, warehouses, and delivery hubs, the company has positioned itself as a reliable player for both B2B and B2C customers. Backed by steady revenue growth and expansion plans, the upcoming IPO will help Dhillon Freight Carrier strengthen its transport fleet and support operational efficiency. Interested investors can explore full IPO details and application process in this guide on Dhillon Freight Carrier IPO.
Particulars | Details |
IPO Date | September 29, 2025 – October 1, 2025 |
Listing Date | October 7, 2025 (Tentative) |
Issue Type | Fixed Price Issue |
Face Value | ₹10 per share |
Issue Price | ₹72 per share |
Total Issue Size | 14,00,000 shares (₹10.08 Cr) |
Lot Size | 1,600 shares |
Shares Offered | 14,00,000 |
Lead Manager | Finshore Management Services Ltd. |
Registrar | Kfin Technologies Ltd. |
Market Maker | Anant Securities |
Purchase of transportation vehicles and fabrication: ₹7.67 Cr
General corporate purposes: ₹1.09 Cr
Event | Date |
IPO Open Date | September 29, 2025 |
IPO Close Date | October 1, 2025 |
Allotment Date | October 3, 2025 |
Refund Initiation | October 6, 2025 |
Credit of Shares to Demat | October 6, 2025 |
Listing Date | October 7, 2025 |
UPI Mandate Cut-off | October 1, 2025 (5 PM) |
The IPO schedule ensures a quick turnaround from bidding to listing, in line with SME IPO norms.
Price Band for the IPO: Fixed at ₹72 per share
Minimum Lot Size: 1,600 shares
Retail Investor Minimum Investment: ₹2,30,400 (3,200 shares = 2 lots)
HNI Minimum Investment: ₹3,45,600 (4,800 shares = 3 lots)
The higher minimum application size reflects SME IPO norms and requires investors to plan allocations accordingly.
Investors can apply online through their broker or trading app by following these steps:
Investor Category | Shares Offered | % of Issue Size |
Market Maker | 70,400 | 5.03% |
NII (HNI) | 6,65,600 | 47.54% |
Retail Individual Investors | 6,64,000 | 47.43% |
Total | 14,00,000 | 100% |
The nearly equal distribution between retail and HNI investors ensures balanced participation across categories.
Revenue (FY25): ₹25.22 Cr (↑ 2% YoY)
PAT (FY25): ₹1.73 Cr (↑ 58% YoY)
EBITDA (FY25): ₹3.67 Cr
Net Worth: ₹5.23 Cr
Total Borrowing: ₹3.34 Cr
Strong double-digit PAT growth despite modest revenue increase.
Debt-to-equity ratio reduced to 0.64, indicating better leverage.
Continued investment in fleet expansion with focus on electric three-wheelers for sustainability.
High minimum investment size (₹2.3 lakh for retail) restricts participation.
Modest revenue growth in FY25 compared to peers.
SME IPOs often have lower liquidity post-listing.
Expansion of fleet capacity will directly boost revenue generation.
Rising logistics demand in Tier-2 and Tier-3 regions strengthens market outlook.
Diversified client base across industries reduces concentration risk.
Sustainability focus with EV integration may offer long-term operational cost benefits.
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 EPS | ₹6.86 |
Post-IPO EPS | ₹4.41 |
Pre-IPO P/E | 10.49x |
Post-IPO P/E | 16.32x |
Market Capitalization | ₹28.22 Cr |
Category | Details |
Lead Manager | Finshore Management Services Ltd. |
Registrar | Kfin Technologies Ltd. |
Market Maker | Anant Securities |
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: www.dfclogistics.in
Dhillon Freight Carrier Ltd. brings its IPO at a time when the logistics sector is witnessing significant demand across B2B and B2C segments. The company has maintained a diversified service portfolio and a steady financial trajectory.
With investments targeted towards expanding its transportation fleet and improving operational efficiency, the IPO offers investors exposure to a company with strong fundamentals. However, as with all SME IPOs, liquidity and investment risk factors should be carefully considered.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Dhillon Freight Carrier IPO allotment status.
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The company is promoted by Mr. Karan Singh Dhillon, Mr. Karamveer Singh Dhillon & Mrs. Joyce Singh Dhillon.
The IPO opens on September 29, 2025, and closes on October 1, 2025.
The company offers logistics solutions such as parcel/LTL services, contract logistics, and fleet rentals. Its diversified customer base and focus on expanding fleet capacity support long-term sustainability.
The total issue size is ₹10.08 crores (14,00,000 shares).
Pre-apply allows investors to submit IPO applications before the official open date, subject to broker/trading platform availability.
The lot size is 1,600 shares. Minimum application for retail is 3,200 shares (₹2,30,400).
The allotment is expected on October 3, 2025.
Kfin Technologies Ltd. is the registrar.
As per the available documents, no governance red flags have been highlighted in the company’s disclosures.
Investors can apply online through trading platforms by selecting the IPO, entering quantity, and confirming via UPI.
Yes, a Demat account is mandatory for IPO applications.
Applicants can check allotment status on the registrar’s website (Kfin Technologies) after allotment finalization.
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