Chartered Speed Limited IPO
Chartered Speed Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

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.

Chartered IPO Size

Fresh Issue
₹655 Cr (TBA Shares)
Offer For Sale
₹200 Cr (TBA Shares)

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

Chartered IPO 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

Key Performance Indicators (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.

Promoter Holding

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

Company Details

Name: Chartered Speed Limited

Address: Sarkhej-Bavla Highway Sanathal Sarkhej, Ahmedabad 382 210 Gujarat, India

Number: +91 99798 89920

Email: cs@charteredspeed.com

Website: www.charteredspeed.com

Explore More IPOs

Discover other active and upcoming IPOs.

Delete Comment?

Are you sure you want to delete this comment? This action cannot be undone.

Discussion

No comments yet. Be the first to share your thoughts!