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How to Apply for the Dhillon Freight Carrier IPO: Step-by-Step Investment Guide

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.

Dhillon Freight Carrier IPO Details and Objectives

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

Purpose of the IPO

  • Purchase of transportation vehicles and fabrication: ₹7.67 Cr

  • General corporate purposes: ₹1.09 Cr

Timeline of Dhillon Freight Carrier IPO

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.

Pricing & Lot Size of Dhillon Freight Carrier IPO

  • 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.

Dhillon Freight Carrier IPO Application Process

Investors can apply online through their broker or trading app by following these steps:

Step 1: Login to Your Trading Platform

Step 2: Navigate to the IPO Section

Step 3: Select the Open IPO and Click Apply

Step 4: Enter the Quantity of Shares You Wish to Apply For

Step 5: Provide Your UPI ID

Step 6: Confirm the Application

Step 7: Complete the Process and Wait for  IPO Allotment Status

Shares Offered in Dhillon Freight Carrier IPO

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.

Financial Health and Performance

Key Financial Metrics

  • 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

Recent Performance and Growth Prospects

  • 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.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • 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.

Opportunities and Growth Potential

  • 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.

Key Performance Indicator (KPI)

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

Dhillon Freight Carrier IPO Registrar & Lead Managers

Category

Details

Lead Manager

Finshore Management Services Ltd.

Registrar

Kfin Technologies Ltd.

Market Maker

Anant Securities

Company Address of Dhillon Freight Carrier Ltd

Dhillon Freight Carrier Ltd. Chatterjee International Building, 33A Jawaharlal Nehru Road, 20th Floor, Suite No. A03, Middleton Row, Kolkata, West Bengal, 700071

Conclusion

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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Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes. The securities are quoted as an example and not as a recommendation. Past performance is not necessarily a guide to future performance.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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