Dhillon Freight Carrier Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Dhillon Freight Carrier Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹72
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,15,200
Issue Size
₹10.08 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.06%
QIB Quota
0%
NII Quota
49.94%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Dhillon Freight Carrier Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
89.09%
Promoter Holding (Post-Issue)
57.27%
Issue Type
Fixed Price - SME
ISIN
INE0SPJ01011
About the Company
Founded in 2014, Dhillon Freight Carrier Limited is engaged in providing logistics solutions to businesses, particularly road transportation. We are goods transport agency providing Parcel/Less than Truck-Load (LTL), Contract Logistics and Fleet Rental/Fleet Leasing services to different industries. We serve both B2B and B2C customers.
Industry Overview
The logistics industry plays a vital role in the dynamic economic landscape of India by enabling the efficient movement of goods and services throughout the country's large territory. As India strives to realise its ambitious economic goals, including achieving a GDP of US$ 5.5 trillion by 2027, the transformation of its logistics sector emerges as a pressing imperative. Given its pivotal role in supporting various industries, from manufacturing to agriculture and e-commerce, the logistics sector faces a myriad of challenges, and offers a number of opportunities. In this case study, we delve into India's logistics ecosystem, exploring the hurdles impeding its efficiency and growth, while also highlighting the pathways towards innovation and sustainable development. Through a comprehensive analysis of the sector's dynamics, we aim to uncover actionable insights that can inform strategic interventions and nurture the emergence of a more agile, resilient, and competitive logistics infrastructure in India.
Company History
Our Company was originally incorporated as a Private Limited Company in the name of "Dhillon Freight Carrier Private Limited" on May 28, 2014 under the provisions of the Companies Act, 2013 bearing Corporate Identification Number U60231WB2014PTC201923 issued by the Registrar of Companies - Kolkata. Subsequently, our company was converted into Public Limited Company under the provisions of the Companies Act, 2013 and the name of our Company was changed to "Dhillon Freight Carrier Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated December 01, 2023 bearing Corporate Identification Number U60231WB2014PLC201923 issued by the Registrar of Companies - Kolkata.
Products & Services
- The Company is engaged in providing logistics solutions to businesses, particularly road transportation. The Company is goods transport agency providing Parcel/Less than Truck-Load, Contract Logistics & Fleet Rental/Fleet Leasing services.
Growth Strategy
- Accelerating Efficiency with Tomorrow's Technology.
- Expansion of Fleet size.
- Geographical Expansion.
- Strengthening existing Services.
- Focus on consistently meeting quality standards.
- Continuous Improvement and Innovation Through Digital Transformation.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
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.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
- Major fraud, lapses of internal control or system failures could adversely impact the company's business.
- Our Promoters have provided personal guarantees for loans availed by our Company. Our business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by our Promoter.
- Our funding requirements and the proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised.
- Our lenders have charge over our vehicles in respect of finance availed by us.
- Any destruction, breakdown, theft, or failure to repair or maintain our vehicles may adversely impact our business operations, cash flows, financial condition, and results of operations.