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Dhillon Freight Carrier IPO
Price Band
₹
Issue Size
₹10.08 Cr
Lot Size
1,600 shares
Min Investment
₹230,400
2 LOTS MIN
GMP
—
Issue Price
₹72.0
Dhillon Freight Carrier IPO AI Summary
- Dhillon Freight Carrier IPO is listed on BSE SME in the Logistics Solution Provider sector.
- Subscription window: 29 Sep–01 Oct 2025, listing on 07 Oct 2025.
Dhillon Freight Carrier is a logistics provider with a diverse service offering and a modern fleet. The IPO aims to raise ₹10.08 Cr for fleet expansion and corporate expenses, with a competitive valuation compared to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Dhillon Freight Carrier IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Dhillon Freight Carrier IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
M/s Dhillon Freight Carrier offers logistics solution services, particularly road transportation. It is a goods transport agency offering parcel/less than truck-load (LTL), contract logistics, and fleet rental/fleet leasing services to industries. Products/Services: Parcel/Less than Truck-Load (LTL): Contract Logistics Fleet Rental/Fleet Leasing Services It serves both B2B and B2C customers across the states of West Bengal, Bihar, Delhi, and Uttar Pradesh. The company has an in-house fleet of 62 vehicles. It operates through a network of 22 booking offices, pickup facilities, warehouses, delivery offices, and agency networks. 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 Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 | 3.50 | 1.50 |
| Reserves and Surplus | 2.71 | 0.98 | 1.33 |
| Total Borrowing | 3.34 | 4.80 | 4.39 |
Key Ratios
EPS
₹6.86
NAV
₹20.75
ROE
39.65%
ROCE
31.77%
RoNW
33.09%
P/B Value
3.47
P/E Ratio
10.49
Market Cap
₹28.22 Cr
PAT Margin
6.99%
Debt/Equity
0.64
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| GB Logistics Commerce Limited | 53.39 | 8.24% | 8.36 | 5.87 |
| Orissa Bengal Carrier Limited | 42.95 | 1.19% | 110.86 | 0.51 |
| Dhillon Freight Carrier Limited This IPO | 20.75 | 33.09% | 10.49 | 6.86 |
Promoters
Karan Singh Dhillon, Karamveer Singh Dhillon and Joyce Singh Dhillon
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Goods Transportation Vehicles and its Fabrication 7.67 2 General Corporate Expenses 1.09 3 Issue Expenses 1.32 Total 10.08
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹29.91 Cr in the year ending 31 Mar 2023, declining to ₹24.73 Cr by 31 Mar 2024, and then rising to ₹25.22 Cr by 31 Mar 2025. This indicates a recovery in revenue after a dip in the previous year.
Profit Trend
Profit after tax was ₹0.36 Cr in the year ending 31 Mar 2023, increasing to ₹1.09 Cr by 31 Mar 2024, and further rising to ₹1.73 Cr by 31 Mar 2025. This shows a consistent upward trend in profitability over the three periods.
Valuation
Priced at a P/E ratio of 10.49 at the issue price, this IPO's implied P/E is lower compared to peers such as GB Logistics Commerce Limited, which has a P/E of 8.36, and Orissa Bengal Carrier Limited, which has a P/E of 110.86.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premium (GMP) is the price at which shares are traded in this market, indicating the expected listing price. A higher GMP suggests strong demand, while a lower or negative GMP may indicate weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions, the company's financial health, and growth prospects.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable returns may want to avoid IPOs like this, especially if they are concerned about the logistics sector's performance or the company's financial stability.
IPO Timeline, Explained
The IPO opens for subscription on 29 September 2025 and closes on 1 October 2025. Allotment of shares is expected on 3 October 2025, with the listing date set for 7 October 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a price higher than the issue price. However, there is a risk that shares may not perform as expected on the listing day due to market volatility or investor sentiment.
This evaluation is generated from Dhillon Freight Carrier's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Dhillon Freight Carrier IPO open and close?
Dhillon Freight Carrier IPO opens on 29 September 2025 and closes on 01 October 2025.
When does Dhillon Freight Carrier IPO list on the stock exchange?
Dhillon Freight Carrier IPO listed on 07 October 2025 at ₹72.0.
What is the lot size for Dhillon Freight Carrier IPO?
The lot size for Dhillon Freight Carrier IPO is 1600 shares, requiring a minimum investment of ₹230,400 (2 lots).
What is the lot size for this IPO?
The lot size for the Dhillon Freight Carrier IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹2,30,400.
What is the issue price of the shares?
The issue price of the shares is ₹72.00.
When is the listing date for the IPO?
The listing date for the IPO is 7 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Sep 2025
Close
01 Oct 2025
Allotment
03 Oct 2025
Listing
07 Oct 2025
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