Dhillon Freight Carrier Ltd

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of 14,00,000 equity shares of face value of Rs.10/- each ("Equity Shares") of Dhillon Freight Carrier Limited (the "Company" or the "Issuer") for cash at a price of Rs. 72/- per equity share, including a share premium of Rs. 62/- per equity share (the "Issue Price"), aggregating to Rs. 10.08 crores ("the Issue"), of which 70,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 0.51 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 13,29,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 9.57 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 35.71% and 33.92% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 72/- for equity share of face value of Rs. 10 each. The floor price is 7.20 times times the face value of the face value of the equity shares. Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

*Subject to approvals and market conditions.