
Dhillon Freight Carrier IPO GMP & Review: Should You Apply or Avoid?
Fri Sep 26 2025

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Dhillon Freight Carrier IPO is open for bidding from 29th September 2025 to 1st October 2025. It is a book-building IPO of ₹0.14 crores, comprising an entirely fresh issue of ₹0.55 crore. The problem will be listed on BSE and SME on its tentative listing date, 7th October 2025.
Dhillon Freight Carrier IPO Details
The Dhillon Freight Carrier IPO date is scheduled between September 29, 2025, and October 1, 2025. The face value of Dhillon Freight Carrier’s IPO shares is ₹10 per share, and the IPO price is set at ₹72 per share.
Kfin Techniologies Limited is the registrar of the Dhillon Freight Carrier IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Open Date | 29th September 2025 |
| IPO Close Date | 1st October 2025 |
| IPO Allotment Date | 3rd October 2025 |
| Refund Initiation | 6th October 2025 |
| Issue Size | 14,00,000 shares(aggregating up to ₹10.08 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Issue Price Final | ₹72 per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & NSE |
| Listing Date | 7th October 2025 |
Dhillon Freight Carrier IPO Share Reservation
Dhillon Freight Carrier IPO is a book-building issue of ₹10.08 crores, comprising an entirely fresh issue of ₹0.33 crores, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 70,400 | 5.03% |
| NII (HNI) Shares Offered | 6,65,600 | 47.54% |
| Retail Shares Offered | 6,64,00 | 47.43% |
| Total Shares Offered | 14,00,000 | 100.00% |
Dhillon Freight Carrier IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Dhillon Freight Carrier IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 28-09-2025 | ₹- | ₹- | ₹- | ₹- |
| 27-09-2025 | ₹- | ₹- | ₹- | ₹- |
| 26-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 25-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 24-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 23-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 22-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 21-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
| 20-09-2025 | ₹72.00 | ₹0.00 | ₹72.00 | 0.00% |
As of 24th September 2025, Dhillon Freight Carrier IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹72 on its tentative listing date, 7th October 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Dhillon Freight Carrier GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Dhillon Freight Carrier IPO GMP Review

Check out the detailed Dhillon Freight Carrier GMP IPO review for a thorough understanding of its potential to report listing gains on 7th October 2025. The Dhillon Freight Carrier IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Dhillon Freight Carrier IPO.
Dhillon Freight Carrier Limited’s revenue increased by 2% from ₹24.73 crores in March 2024 to ₹25.22 crores in March 2025. Moreover, the company’s PAT rose by 58% from ₹1.09 crores to ₹1.73 crores.
Dhillon Freight Carrier Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Dhillon Freight Carrier IPO for its tentative listing day, 7th October 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Dhillon Freight Carrier IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 10.49 |
| EPS (Earnings Per Share) | 6.86 |
| RoNW | 33.09% |
| ROCE | 31.77% |
| ROE | 39.65% |
| PAT Margin | 6.99% |
| Price to Book Value | 3.47 |
| Market Capitalisation | 28.22 Cr |
The P/E ratio of Dhillon Freight Carrier Limited’s share is 10.49, and its Earnings Per Share (EPS) stands at 6.86. Thus, the Dhillon Freight Carrier Limited IPO is expected to deliver gains on its tentative listing date, 7th October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Dhillon Freight Carrier Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
Dhillon Freight Carrier Limited IPO Peer Comparison
| Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
| Dhillon Freight Carrier Limited | 6.86 | 10.49 | 33.09% | ₹10 | 25.22 |
| Orissa Bengal Carrier Limited | 0.51 | 110.86 | 1.19% | ₹10 | 339 |
| GB Logistics Commerce Limited | 5.87 | 8.36 | 8.24% | ₹10 | 206 |
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Dhillon Freight Carrier IPO Subscription Status
The Dhillon Freight Carrier IPO is scheduled to open for bidding on September 29, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Dhillon Freight Carrier IPO subscription status.
| Investor Categories | Shares Offered | Shares Percentage | Shares Subscribed | Subscription to the Times |
| Market Maker Shares Offered | 70,400 | 5.03% | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 6,65,600 | 47.54% | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 6,64,00 | 47.43% | Yet to be announced | Yet to be announced |
| Total Shares Offered | 14,00,000 | 100.00% | Yet to be announced | Yet to be announced |
About Dhillon Freight Carrier Limited

M/s Dhillon Freight Carrier offers logistics solution services, particularly road transportation. It is a goods transport agency offering parcel and less-than-truckload (LTL) services, contract logistics, and fleet rental/fleet leasing services to various 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.
Dhillon Freight Carrier Limited Financials
The company’s financial analysis is essential before applying for the Dhillon Freight Carrier IPO. Refer to the table to learn about Dhillon Freight Carrier Limited’s financial information.
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr) |
| Assets | 9.71 | 9.16 | 6.78 |
| Revenue | 25.22 | 24.73 | 26.91 |
| Profit After Tax | 1.73 | 1.09 | 0.36 |
| Net Worth | 5.23 | 3.50 | 1.50 |
| EBITDA | 3.67 | 3.31 | 1.74 |
| Reserve and Surplus | 2.71 | 0.98 | 1.33 |
| Total Borrowing | 3.34 | 4.80 | 4.39 |
Explanation
Dhillon Freight Carrier Limited’s revenue increased by 2% from ₹24.73 crores in March 2024 to ₹25.22 crores in March 2025. Moreover, the company’s PAT rose by 58% from ₹1.09 crores to ₹1.73 crores.
Dhillon Freight Carrier IPO Bidding Requirements
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual Investors (Retail) (Max | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
Dhillon Freight Carrier’s IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.
Use the lot size calculator to find how many shares you should apply for!
Dhillon Freight Carrier IPO Promoter Holding
Refer to the table below to review the holdings of Dhillon Freight Carrier Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.
| Share Holding Pre-Issue | 100% |
| Share Holding Post-Issue | 64.29% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Dhillon Freight Carrier IPO
The primary aim of the Dhillon Freight Carrier IPO is to raise ₹10.80 crore. On the other hand, Dhillon Freight Carrier has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Dhillon Freight Carrier IPO.
- To Purchase Goods, Transportation Vehicles, and their Fabrication
- To General Corporate Expenses
Should I Invest in the Dhillon Freight Carrier IPO?
Explore the pros and cons of Dhillon Freight Carrier to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of Dhillon Freight Carrier IPO
- The company has a diversified range of logistics services
- The company has a diverse fleet of 62 owned vehicles
- The company has a young & Modern fleet focusing on electric three-wheelers
Cons of Dhillon Freight Carrier IPO
- The company has a high minimum investment and a large lot size
- The company has a dependence on promoters and a promoter guarantee
- The company has modest revenue growth and fluctuations
How to Apply for the Dhillon Freight Carrier IPO?

Please follow the steps outlined below to apply for a position at Dhillon Freight Carrier Limited.
- Step 1: Conduct thorough research on the Dhillon Freight Carrier IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 3,200 shares, valued at ₹2,30,400.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Dhillon Freight Carrier IPO from more than one demat account to increase your chances of allotment.
How to Check the Dhillon Freight Carrier IPO Allotment Status?
You can check whether the Dhillon Freight Carrier IPO allotment has been completed in different ways. These include BSE and the registrar portal. Refer to the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Dhillon Freight Carrier IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Dhillon Freight Carrier IPO allotment status.
Let’s Wrap
Dhillon Freight Carrier’s IPO is a fresh issue of shares worth ₹19.25 crore. The shares of Dhillon Freight Carrier Limited will be listed on NSE and SME on its tentative listing date of 7th October 2025. Researching the Dhillon Freight Carrier IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Dhillon Freight Carrier IPO
How is the Dhillon Freight Carrier IPO?
Ans. Currently, on 26th September 2025, the Dhillon Freight Carrier IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹72 per share. It is a book-building IPO of ₹10.08 crores, comprising an entirely fresh issue of 0.14 crore shares. The face value of each share of Dhillon Freight Carrier Limited is ₹10 per share.
What is the IPO price of Dhillon Freight Carrier?
Ans. The DSM Projects IPO price is set at ₹35 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 3,200 shares, worth ₹2,30,400. Moreover, HNIs are required to bid for a minimum of 3 lots (4,800 shares) worth ₹3,45,600.
Is the Dhillon Freight Carrier IPO a good investment?
Ans. Dhillon Freight Carrier Limited’s revenue increased by 2% from ₹24.73 crores in March 2024 to ₹25.22 crores in March 2025. Moreover, the company’s PAT rose by 58% from ₹1.09 crores to ₹1.73 crores.
Who is the registrar of the Dhillon Freight Carrier IPO?
Ans. Kfin Technologies Limited is the registrar of the Dhillon Freight Carrier IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Dhillon Freight Carrier allotment and refund, you can contact Kfin Technologies Limited at Dhillon Freight Carrierltd.ipo@kfintech.com or 04067162222, 04079611000.
What is the issue size of the Dhillon Freight Carrier IPO?
Ans. Dhillon Freight Carrier’s IPO is a book-building IPO of ₹10.08 crores, comprising an entirely fresh issue of 0.14 crore shares. Moreover, the IPO is set to open on 29th September 2025 and will be closed on 1st October 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Dhillon Freight Carrier IPO, download the Dhillon Freight Carrier IPO RHP and the Dhillon Freight Carrier IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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