Dhillon Freight Carrier Launches Rs 10.08 Crore IPO on BSE SME Platform
Dhillon Freight Carrier, a logistics company, has opened its IPO for subscription from September 29 to October 1. The company aims to raise Rs 10.08 crore by issuing 14 lakh equity shares at Rs 72 each. The IPO is set to list on the BSE SME Platform on October 7. Dhillon Freight operates in four states with a fleet of 62 vehicles. In its recent financial period, the company reported revenue of Rs 25.22 crore (2% YoY growth) and profit after tax of Rs 1.73 crore (58% YoY growth). The IPO proceeds will primarily be used for purchasing new transport vehicles. Currently, the IPO shows zero grey market premium.
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Dhillon Freight Carrier, a logistics company specializing in road transportation services, has opened its Initial Public Offering (IPO) for subscription on September 29. The company aims to raise Rs 10.08 crore through the issuance of 14 lakh equity shares priced at Rs 72 each.
IPO Details
- Subscription Period: September 29 to October 1
- Issue Size: 14 lakh equity shares
- Issue Price: Rs 72 per share
- Total Fund Raise: Rs 10.08 crore
- Allotment Date: October 3 (Expected)
- Listing Date: October 7 (Tentative)
- Listing Venue: BSE SME Platform
Company Overview
Dhillon Freight Carrier operates road transportation services across four states:
- West Bengal
- Bihar
- Delhi
- Uttar Pradesh
The company boasts a fleet of 62 vehicles and maintains 22 booking offices to support its operations.
Financial Performance
For the most recent financial period:
| Financial Metric | Amount (in Rs crore) | YoY Growth |
|---|---|---|
| Revenue | 25.22 | 2% |
| Profit After Tax | 1.73 | 58% |
Use of IPO Proceeds
The company has outlined its plans for the funds raised through the IPO:
- Rs 7.67 crore allocated for purchasing new transport vehicles
- Remaining funds to be used for general corporate purposes
Market Expectations
As of now, the IPO shows zero grey market premium, suggesting muted expectations for listing gains among investors.
Investors interested in the logistics sector and small-cap opportunities may consider this IPO, keeping in mind the company's growth trajectory and expansion plans. However, as with all investments, thorough research and consideration of one's risk appetite are advised before making any investment decisions.
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