Chartered Speed IPO
Chartered Speed Limited
Chartered Speed IPO Details
Chartered Speed Ltd. filed its DRHP with SEBI on September 4, 2025, to raise Rs 855 crore via IPO (Fresh issue: Rs 655 crore + OFS: Rs 200 crore).
The IPO is a Book Build Issue with shares proposed to be listed on NSE and BSE.
Motilal Oswal Investment Advisors Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar.
Chartered Speed is among India’s leading passenger mobility companies, operating a fleet of over 2,000 buses, including 46 electric buses, covering 500 cities and serving about 3.5 lakh passengers daily.
Chartered Speed IPO Strengths
- Strong presence in India’s passenger mobility sector with a large and diverse fleet (including electric buses).
- High revenue visibility due to long-term annuity contracts with state transport undertakings and government-backed entities.
- Rapid revenue and profitability growth in FY25 showcasing strong operational performance.
- Diversified business model leveraging both contract-based and ticket-revenue streams.
Chartered Speed IPO Weaknesses
- High debt levels (Debt-to-Equity at 7.75) raise concerns about leverage and financial sustainability.
- Heavy dependence on government contracts (71.7% of FY25 revenue), making business vulnerable to policy or contract risks.
- Net worth was negative until FY24, indicating a weak historical financial base.
- Ticket-revenue model contributes a smaller portion of income, limiting diversification benefits.
Chartered Speed Revenue & Profit
0.334 | -0.008 |
0.348 | -0.005 |
0.684 | 0.070 |
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2
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Chartered Speed IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Chartered Speed IPO Lot Size
| Minimum Lot Size | To be announced |
| Mamximum Lot Size | To be announced |
Seize the Opportunity! Apply for Chartered Speed IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Chartered Speed IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Chartered Speed IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Chartered Speed IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Chartered Speed Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.