Dhillon Freight Carrier IPO is a book-built issue aiming to raise ₹10.08 crore. It comprises a fresh issue of 0.14 crore shares of ₹10.08 crore. The bidding window was open from September 29, 2025, to October 1, 2025, with the IPO allotment to be finalised on October 3, 2025. Dhillon Freight Carrier is scheduled to list on BSE SME on October 7, 2025.
The IPO was priced at ₹72 per share with a lot size of 1,600 shares. The public issue received bids for 38,73,600 shares against 13,29,600 shares available, resulting in an overall subscription of 2.91 times. Retail investors led the response, subscribing 4.87 times their quota, followed by NIIs at 0.96 times.
Dhillon Freight Carrier’s ₹10.08 crore IPO, priced at ₹72 per share, was subscribed 2.91 times overall. The IPO consists of a fresh issue of 0.14 crore shares of ₹10.08 crore. Bidding took place from September 29 to October 1, 2025, with the Dhillon Freight Carrier IPO allotment status on October 3, 2025. Retail investors subscribed 4.87 times and NIIs 0.96 times. Listing is expected on October 7, 2025.
The table below breaks down the Dhillon Freight Carrier share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 70,400 (5.03%) |
| NII (HNI) Shares Offered | 6,65,600 (47.54%) |
| Retail Shares Offered | 6,64,000 (47.43%) |
| Total Shares Offered | 14,00,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Market Maker | 1 |
| Non-Institutional Investors | 0.96 |
| Retail Individual Investors | 4.87 |
| Total shares | 2.91 |
Note: The subscription details are as of October 1, 2025
Dhillon Freight Carrier Limited offers specialised transportation and logistics solutions focused on Parcel and Less-than-Truckload (LTL) services, designed for businesses shipping smaller consignments.
Rather than dedicating an entire truck to a single shipment, DFCL consolidates multiple shipments from different customers in one vehicle, optimizing truck utilisation and supporting cost-efficient, environmentally mindful operations.
The company handles shipments ranging from 1 kg to 7 metric tonnes, serving tier 2 and tier 3 cities through a combination of owned and hired fleets. This service caters primarily to wholesalers and retailers and is provided at predetermined rates. In FY 2023-24, LTL services generated ₹1,341.12 Lakhs, representing 55.84% of total revenue, with Bihar as a key contributor.
Warehousing underpins Dhillon Freight Carrier Limited’s LTL operations, facilitating the storage, organization, and movement of goods. Strategically located facilities in West Bengal, Bihar, and Uttar Pradesh support efficient inventory management, optimized storage layouts, and smooth coordination between warehouse and transportation functions.
Contract logistics forms another segment of Dhillon Freight Carrier Limited’s operations, providing end-to-end supply chain management including transportation, warehousing, distribution, inventory control, and order fulfillment. This service, employed mainly by manufacturers with large-volume shipments, accounted for ₹955.75 Lakhs or 39.79% of total revenue in FY 2023-24. Operations span pan-India using both owned and hired fleets.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 1, 2025, 6:49 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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