Dhillon Freight Carrier IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 29 to Oct 01 2025
Price Band
₹72
Current GMP
₹57.6 (-20%)
Subscription
2.91 times
IPO Details
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | October 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹10.08 Cr) |
| Reserved for Market Maker | 70,400 shares (aggregating up to ₹0.5069 Cr)Anant Securities |
| Net Offered to Public | 13,29,600 shares (aggregating up to ₹9.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,20,000 shares |
| Share Holding Post Issue | 39,20,000 shares |
IPO Date
September 29, 2025 to October 1, 2025
Listing Date
October 7, 2025
Face Value
₹10 per share
Issue Price Final
₹72 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
14,00,000 shares (aggregating up to ₹10.08 Cr)
Reserved for Market Maker
70,400 shares (aggregating up to ₹0.5069 Cr)Anant Securities
Net Offered to Public
13,29,600 shares (aggregating up to ₹9.57 Cr)
Issue Type
Fixed Price IPO
Listing At
BSE SME
Share Holding Pre Issue
25,20,000 shares
Share Holding Post Issue
39,20,000 shares
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 0.96 |
| Individual Investors (IND category bidding for 2 Lots) | 4.87 |
| Total ** | 2.91 |
Market Maker
1
Non-Institutional Buyers***
0.96
Individual Investors (IND category bidding for 2 Lots)
4.87
Total **
2.91
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Day 1 Sep 29, 2025 | 0.11 | 0.54 | 0.33 |
| Day 2 Sep 30, 2025 | 0.32 | 1.90 | 1.11 |
| Day 3 Oct 1, 2025 | 0.96 | 4.87 | 2.91 |
DayDay 1
Sep 29, 2025
NII*0.11
Individual Investors0.54
Total0.33
DayDay 2
Sep 30, 2025
NII*0.32
Individual Investors1.90
Total1.11
DayDay 3
Oct 1, 2025
NII*0.96
Individual Investors4.87
Total2.91
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 07-10-2025 | 72.00 | 0(0.00%) | 72 |
| 06-10-2025 | 72.00 | 0(0.00%) | 72 |
| 05-10-2025 | 72.00 | 0(0.00%) | 72 |
| 04-10-2025 | 72.00 | 0(0.00%) | 72 |
| 03-10-2025 | 72.00 | 0(0.00%) | 72 |
| 02-10-2025 | 72.00 | 0(0.00%) | 72 |
| 01-10-2025 | 72.00 | 0(0.00%) | 72 |
| 30-09-2025 | 72.00 | 0(0.00%) | 72 |
| 29-09-2025 | 72.00 | 12(16.67%) | 84 |
| 28-09-2025 | 72.00 | 12(16.67%) | 84 |
| 27-09-2025 | 72.00 | 0(0.00%) | 72 |
| 26-09-2025 | 72.00 | 0(0.00%) | 72 |
| 25-09-2025 | 72.00 | 0(0.00%) | 72 |
Date07-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date06-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date05-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date04-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date03-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date02-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date01-10-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date30-09-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date29-09-2025
Price72.00
GMP12(16.67%)
Estimate List Price84
Date28-09-2025
Price72.00
GMP12(16.67%)
Estimate List Price84
Date27-09-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date26-09-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
Date25-09-2025
Price72.00
GMP0(0.00%)
Estimate List Price72
IPO Important Dates
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
IPO Open Date
Mon, Sep 29, 2025
IPO Close Date
Wed, Oct 1, 2025
Tentative Allotment
Fri, Oct 3, 2025
Initiation of Refunds
Mon, Oct 6, 2025
Credit of Shares to Demat
Mon, Oct 6, 2025
Tentative Listing Date
Tue, Oct 7, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Oct 1, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| HNI (Min) | 3 | 4,800 | ₹3,45,600 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,30,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,30,400
ApplicationHNI (Min)
Lots3
Shares4,800
Amount₹3,45,600
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20259.71
31 Mar 20249.16
31 Mar 20236.78
Period EndedTotal Income
31 Mar 202525.22
31 Mar 202424.73
31 Mar 202329.91
Period EndedProfit After Tax
31 Mar 20251.73
31 Mar 20241.09
31 Mar 20230.36
Period EndedEBITDA
31 Mar 20253.67
31 Mar 20243.31
31 Mar 20231.74
Period EndedNET Worth
31 Mar 20255.23
31 Mar 20243.50
31 Mar 20231.50
Period EndedReserves and Surplus
31 Mar 20252.71
31 Mar 20240.98
31 Mar 20231.33
Period EndedTotal Borrowing
31 Mar 20253.34
31 Mar 20244.80
31 Mar 20234.39
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Dhillon Freight Carrier Limited | 6.86 | 20.75 | 10.49 | 33.09 | 3.60 |
| Orissa Bengal Carrier Limited | 0.51 | 42.95 | 110.86 | 1.19 | 1.33 |
| GB Logistics Commerce Limited | 5.87 | 53.39 | 8.36 | 8.24 | 0.92 |
Company NameDhillon Freight Carrier Limited
EPS (Basic)6.86
NAV (per share) (Rs)20.75
P/E (x)10.49
RoNW (%)33.09
P/BV Ratio3.60
Company NameOrissa Bengal Carrier Limited
EPS (Basic)0.51
NAV (per share) (Rs)42.95
P/E (x)110.86
RoNW (%)1.19
P/BV Ratio1.33
Company NameGB Logistics Commerce Limited
EPS (Basic)5.87
NAV (per share) (Rs)53.39
P/E (x)8.36
RoNW (%)8.24
P/BV Ratio0.92
IPO Reservation
| Market Maker Shares Offered | 70,400 (5.03%) |
| NII (HNI) Shares Offered | 6,64,000 (47.43%) |
| Retail Shares Offered | 6,65,600 (47.54%) |
| Total Shares Offered | 14,00,000 (100.00%) |
Market Maker Shares Offered
70,400 (5.03%)
NII (HNI) Shares Offered
6,64,000 (47.43%)
Retail Shares Offered
6,65,600 (47.54%)
Total Shares Offered
14,00,000 (100.00%)
Information about 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
Objectives of IPO
The Company Dhillon Freight Carrier IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Purchase of Goods Transportation Vehicles and its Fabrication
7.67
2
General Corporate Expenses
1.09
Disclaimer
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