Chartered Speed Limited IPO

Chartered Speed Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

₹

Total Issue

₹855.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

Website DRHP

Business Overview

Chartered Speed is a passenger mobility company in India with an operational fleet of over 2,000 buses as of June 30, 2025. With more than 15 years of experience in the mobility sector, the Company focuses on delivering sustainable, affordable and efficient inter-city and intra-city transportation services across six states (Source: F&S Report). Its extensive operational network covers over 500 cities, enabling the Company to serve approximately 3.5 lakh passengers on a daily basis (Source: F&S Report). Chartered Speed undertakes the purchase, operation and maintenance of conventional and electric buses, offering customized schedules aligned with specific route and timing requirements of customers. As of June 30, 2025, the Company operated over 650 dedicated pick-up and drop points and 65 booking offices across India, supported by a workforce exceeding 4,000 employees, including 2,480 trained drivers.

Objects of Issue

  1. Funding the capital expenditure requirements of the Company towards purchase of electric buses
  2. Repayment, in full or in part, of certain outstanding borrowings availed by the Company
  3. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Chartered IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue 666.77 347.30 332.08
PAT 70.10 -5.49 -8.32
Net Worth 66.86 -14.51 -20.21
Borrowings 517.96 458.75 164.90
Assets 726.98 548.83 187.31
NAV (₹) 9.31 -2.22 -3.60
EPS (₹) 10.37 -0.69 -1.39

KPIs

EBITDA

31.62%

PAT

10.51%

ROCE

29.01%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

96.65%

Public

3.35%

Pankaj Gandhi 58.07%
Alka Gandhi 38.58%

Management

Pankaj Gandhi Chairman & MD
Deen Gaggar CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Frequently Asked Questions

What is Chartered IPO?
Chartered IPO is a Mainboard IPO having an issue size of ₹855.00 Crs. Chartered IPO is priced at ₹ - ₹ per share. The issue opens on 15 Apr 26 and closes on 15 Apr 26.
When will Chartered IPO open?
Chartered IPO opens on 15 Apr 26 and closes on 15 Apr 26.
What is the GMP of Chartered IPO?
The estimated Grey Market Premium of Chartered IPO is ₹0 per share (-).
What is the lot size of Chartered IPO?
The minimum lot size of Chartered IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Chartered IPO?
The allotment date of Chartered IPO is 15 Apr 26.
What is the listing date of Chartered IPO?
The listing date of Chartered IPO is 15 Apr 26.
What is the subscription of Chartered IPO?
Chartered IPO is subscribed -.
What is the price band of Chartered IPO?
Chartered IPO is priced at ₹ - ₹ per share.
How to check allotment status of Chartered IPO?
Click the allotment link on Chartered IPO page of IPO360.
How to apply Chartered IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Chartered IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Chartered IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Chartered IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date