Dhillon Freight Carrier IPO
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Schedule of Dhillon Freight Carrier
| Issue open date | 29 Sep 2025 |
| Issue close date | 01 Oct 2025 |
| UPI mandate deadline | 01 Oct 2025 (5 PM) |
| Allotment finalization | 03 Oct 2025 |
| Refund initiation | 06 Oct 2025 |
| Share credit | 06 Oct 2025 |
| Listing date | 07 Oct 2025 |
| Mandate end date | 16 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 02 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 01 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Dhillon Freight Carrier
Dhillon Freight Carrier Limited, founded in 2014 and converted to a public company in 2023, provides road logistics solutions including parcel/LTL, contract logistics, and fleet rentals for B2B and B2C clients. An ISO 9001:2015 certified operator with 62 vehicles, it serves West Bengal, Bihar, Delhi, and Uttar Pradesh through 22 offices and a strong agency network. Led by promoters Karan, Karamveer, and Joyce Singh Dhillon, the company has grown steadily with expertise in operations, finance, and customer service.
Financials of Dhillon Freight Carrier
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹10.08 crores |
| Fresh Issue | ₹10.08 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of Goods Transportation Vehicles and its Fabrication | 7.67 (76.09%) |
| General corporate purposes | 1.09 (10.81%) |
Strengths
- EV adoption boosts sustainability and brand appeal.
- Diversified services cut revenue risk.
- Fuel-efficient fleet lowers costs.
- Strong presence in 4 states for fast delivery.
- 95% revenue from high-demand services.
Risks
- Vehicle procurement delays may disrupt ops.
- Reliance on third-party fleet adds risk.
- Revenue vulnerable to regional issues.
- Rising costs may squeeze margins.
- Delays/mishaps can lead to claims and losses.
Allotment Status for Dhillon Freight Carrier
To check your allotment status – click here.