Chartered Speed Ltd. IPO Details
Chartered Speed was incorporated on May 22, 2007. The company is a leading passenger mobility provider in India with a self-owned fleet of 2,000+ buses, serving about 3.5 lakh passengers daily across 500 cities. With 15+ years of experience, it offers sustainable and efficient inter- and intra-city transport across six states (Source: F&S Report)
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹8,550.0 M | DRHP DOC |
Chartered Speed issue details
Chartered Speed IPO issue size is ₹ 8,550.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Chartered Speed IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Chartered Speed NUMBER OF SHARES ON OFFER
Chartered Speed FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 666.8 | 70.1 | 208.0 | -4.5 | 31.6% |
| FY24 | 347.3 | -5.5 | 31.0 | -262.8 | 14.4% |
| FY23 | 332.1 | -8.3 | 22.1 | 6.3 | 7.9% |
Chartered Speed INFORMATION ON IPO ISSUE
About Chartered Speed
Chartered Speed was incorporated on May 22, 2007. The company is a leading passenger mobility provider in India with a self-owned fleet of 2,000+ buses, serving about 3.5 lakh passengers daily across 500 cities. With 15+ years of experience, it offers sustainable and efficient inter- and intra-city transport across six states (Source: F&S Report)
Object of the Issue
- Funding the capital expenditure requirements of the company towards the purchase of electric buses
- Pre-payment or repayment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Chartered Speed Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
charteredspeed.ipo@motilaloswal.com
SBI Capital Markets Limited
charteredspeed.ipo@sbicaps.com
Chartered Speed Registrar to the Offer
MUFG Intime India Private Limited
charteredspeed.ipo@in.mpms.mufg.com
Chartered Speed Strengths
Customer centric
The company’s focus on reliable service is reflected in strong customer engagement, with its mobile app rated 4.5/5 on Google Play, 28,000 reviews, and 500,000+ downloads as of June 30, 2025. Its digital presence supports both customer acquisition and retention
High visibility business model
The company’s growth is driven by predictable revenues from long-term contracts with STUs and government agencies. Under Odisha’s Mukhyamantri Bus Seva, it has operated 931 buses across 21 districts for 10 years, while also serving GSRTC and AMTS for inter- and intra-city services (Source: F&S Report)
Technology focused approach
The company leverages IoT-enabled operations across 1,800+ buses with smart sensors, GPS, and onboard connectivity to enhance passenger safety. Real-time data helps optimise routes, ensure timely maintenance, and improve overall riding safety
Chartered Speed Risks
Capital intensive
The company operates a capital-intensive model, relying on vehicle loans secured against its bus fleet. High leverage and future debt for EV acquisitions and expansion may adversely impact business
Expansion risks
The company’s route expansion strategy may face challenges beyond its control, and there is no assurance that new routes or markets will attract enough passenger traffic to be profitable
Accident risks
The company faces risks of accidents, safety issues, and disputes in its transport operations. Such incidents may cause injury or damage, and insurance may not fully cover them
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.