Bookbuilding IPO | ₹855 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Chartered Speed Ltd. on January 2, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Chartered Speed Ltd. IPO is a Book Build Issue of ₹855.00 crores consisting of a fresh issue of shares worth Rs ₹655.00 crores and an offer for sale (OFS) of ₹200.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Motilal Oswal Investment Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Chartered Speed IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹855 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹655 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 7,18,05,660 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Sep 4, 2025 |
| SEBI/Exchange approval received | Fri, Jan 2, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Chartered Speed is one of India’s leading passenger mobility companies with a bus fleet of over 2,000 vehicles as of June 30, 2025. The company offers inter-city and intra-city travel across six states. As of June 30, 2025, its fleet to intra-city passengers grew to over 620 buses operating across states of Gujarat and Madhya Pradesh
Business Model:
Annuity model: Long-term contract with state transport undertakings, government backed entities, and educational and corporate insitutions. Total 1,382 buses deployed under the Annuity model as of March 31, 2025.
Ticket revenue model: Revenue from ticket sales. As of March 31, 2025, its average daily trips are 258 and average daily passengers served are 8,400 across states including Gujarat, Madhya Pradesh, Rajasthan, Maharashtra and Assam.
Key Numbers:
Strengths
Chartered Speed Ltd.'s revenue increased by 96% and profit after tax (PAT) rose by 1376% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 726.98 | 548.83 | 187.31 |
| Total Income | 684.44 | 348.86 | 334.59 |
| Profit After Tax | 70.10 | -5.49 | -8.32 |
| EBITDA | 210.81 | 49.93 | 26.33 |
| NET Worth | 66.86 | -14.51 | -20.21 |
| Reserves and Surplus | 29.46 | -48.28 | -49.66 |
| Total Borrowing | 517.96 | 458.75 | 164.90 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of our Company towards purchase of electric buses | 98.00 |
| 2 | Pre-payment or re-payment, in full or in part, of certain outstanding borrowings availed by our Company | 396.47 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 267.76% |
| ROCE | 29.01% |
| Debt/Equity | 7.75 |
| RoNW | 107.31% |
| PAT Margin | 10.51% |
| EBITDA Margin | 31.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.65% |
Lead Manager Reports
Chartered Speed IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹855 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Chartered Speed IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Chartered Speed IPO using UPI as a payment gateway. Zerodha customers can apply in Chartered Speed IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chartered Speed IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chartered Speed IPO dates are not announced. Please check back again after some time.
Chartered Speed IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Chartered Speed IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chartered Speed IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Chartered Speed IPO allotment status.
The Chartered Speed IPO listing date is not yet announced. The tentative date of listing is .
