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Dhillon Freight Carrier IPO
Dhillon Freight Carrier Ltd
₹1,15,200 /1600 sharesMinimum Investment
Dhillon Freight Carrier IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 29 Sep ‘25 - 1 Oct ‘25 | ₹2,30,400 | 1,600 | ₹72 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 10.08Cr | RHP PDF |
Subscription rate
As of 30 Sep'25, 02:02 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.16x |
| Retail Individual Investor | 1.32x |
| Total | 0.71x |
About Dhillon Freight Carrier
Founded in
2014
Managing director
Mr. Karan Singh Dhillon
Parent organisation
Dhillon Freight Carrier Ltd
Strengths & Financials of Dhillon Freight Carrier
Strengths
Risks
The company claims to have a diversified service portfolio that covers three distinct categories: parcel/less than truck-load (LTL), contract logistics, and fleet rental/fleet leasing services.
The company claims to have invested in a fleet of eco-friendly vehicles, which includes 45 electric three-wheelers and 2 CNG-powered medium goods vehicles. These vehicles are said to be used for last-mile delivery and goods pickup, contributing to lower emissions in their operations.
The company claims to operate with a mixed fleet model consisting of 62 owned vehicles along with outsourced trucks hired through partnerships with single-owner drivers and small fleet owners. The company also claims to use customised vehicles with lighter, longer bodies and has obtained national permits for truck movement across India.
The company is ISO 9001:2015 certified for its quality management systems.
The company has reported a consistent increase in profit after tax (PAT) over the last three financial years. It increased from Rs 0.36 crore in FY23 to Rs 1.09 crore in FY24 and further to Rs 1.73 crore in FY25.
As of the date of the prospectus, the company has not yet placed orders for the procurement of 24 heavy commercial vehicles that are essential for its business operations. Any delay in placing these orders or an escalation in procurement costs could result in delayed deliveries, increased capital expenditure, and disruptions in planned operations.
The company remains significantly dependent on third-party service providers for vehicle procurement and transportation requirements. Truck hire charges accounted for Rs 7.35 crore (32.17 percent) of the company’s total expenses in FY25, Rs 7.59 crore (32.63 percent) in FY24, and Rs 16.61 crore (56.44 percent) in FY23. Any non-availability or delay in access to hired vehicles, cost escalation, or deterioration in service quality could adversely affect the company’s operations, customer satisfaction, and overall financial performance.
The company derives a substantial portion of its revenue from three states: Bihar, Uttar Pradesh, and West Bengal. Sales from these regions accounted for Rs 23.36 crore (94.41 percent) of the company’s revenue in FY25, Rs 22.34 crore (93.01 percent) in FY24, and Rs 28.12 crore (95.04 percent) in FY23. Any disruption or slowdown in these markets could adversely affect the company’s business and finances.
The company, its directors, promoters, subsidiaries, and group entities are involved in various legal proceedings, including tax and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
The company has reported negative cash flows in certain financial years. Net cash used from investing activities was Rs 0.24 crore in FY25, Rs 1.70 crore in FY24, and Rs 3.62 crore in FY23, while financing activities reflected outflows of Rs 1.63 crore in FY25 and Rs 0.47 crore in FY23. If these negative cash flows persist, it could adversely affect the company’s ability to meet its working capital needs or repay loans without raising additional external financing, thereby impacting its financial condition and operations.
As of FY25, the company reported total indebtedness of Rs 3.34 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Dhillon Freight Carrier Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Dhillon Freight Carrier IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹72 - 72 | ₹2 - 5 Lakh |
For Dhillon Freight Carrier IPO, eligible investors can apply as Individual investor.