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Latest GMP
- IPO Open Date
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- IPO Close Date
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- Allotment date
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- Listing date
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- Issue Size
- ₹ 855 Cr.
- Issue Price Band
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Chartered Speed Limited
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 for intra-city passengers grew to over 620 buses operating across the states of Gujarat and Madhya Pradesh.
Business Model
Annuity Model
Long-term contracts with state transport undertakings, government-backed entities, and educational and corporate institutions. A total of 1,382 buses were 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 were 258 and average daily passengers served were 8,400 across states including Gujarat, Madhya Pradesh, Rajasthan, Maharashtra, and Assam.
Key Numbers (as of June 30, 2025 / Fiscal 2025)
- Fleet of over 2,000 buses, of which 46 are electric buses
- Bus fleet includes low floor, semi-deluxe, deluxe, multi-axle, super luxury buses, etc.
- Network covers 500 cities and serves about 3.5 lakh passengers per day
- 650+ pick-up and drop points
- 2,480 drivers
- In Fiscal 2025, 71.70% of revenue was derived from contracts with government entities and 23.95% from the ticket revenue model
Competitive Strengths
- A leading customer-centric passenger mobility company in India
- Business model with high visibility of revenue through long-term contracts
- Cost efficiency and operational integration
- Maximizing revenue potential across multiple revenue streams
- Technology-focused approach
- Experienced management team and workforce
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
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Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
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Financials of Chartered Speed Limited
A quick overview of the key financial performance of Chartered Speed Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 92%, Total Assets increased by 32% between FY2024 and FY2025.
| Period Ended | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | 332.08 | 347.30 | 666.77 |
| Assets | 187.31 | 548.83 | 726.98 |
| Total Income | 334.59 | 348.86 | 684.44 |
| Profit After Tax | -8.32 | -5.49 | 70.10 |
| EBITDA | 26.33 | 49.93 | 210.81 |
| Net Worth | -20.21 | -14.51 | 66.86 |
| Reserves & Surplus | -48.26 | -47.22 | 30.96 |
| Total Borrowings | 164.90 | 458.75 | 517.96 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROCE (%) | 29.01 |
| Debt / Equity | 8.2 |
| RoNW (%) | 107.31 |
| PAT Margin (%) | 10.51 |
| EBITDA Margin (%) | 31.62 |
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Pre IPO
Post IPO
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| EPS (₹) |
10.37
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| P/E (x) |
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| Promoter Holding (%) |
96.65
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IPO Lead Manager(s)
Lead Manager Details
- Motilal Oswal Investment Advisors Limited
- Contact Person: Vaibhav Shah / Sankita Ajinkya
- SEBI Registration Number: INM000011005
- Investor Grievance Email: moiaplredressal@motilaloswal.com
- Website: https://www.motilaloswalgroup.com
- Email: charteredspeed.ipo@motilaloswal.com
- Phone: +91 22 7193 4380
- Address: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- SBI Capital Markets Limited
- Contact Person: Prashant Patankar / Sylvia Mendonca
- SEBI Registration Number: INM000003531
- Investor Grievance Email: investor.relations@sbicaps.com
- Website: https://www.sbicaps.com
- Email: charteredspeed.ipo@sbicaps.com
- Phone: +91 22 4006 9807
- Address: 1501, 15th Floor, A & B Wing, Parinee Crescenzo Building, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, 247 Park, 1st Floor, L B S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Chartered Speed Limited
- cs@charteredspeed.com
- Phone
- +91 99798 89920
- Contact Person
- Nirav Prakashchandra Patel
- Corporate Identity Number
- U63030GJ2007PLC050923
- Address
- Sarkhej-Bavla Highway, Sanathal, Sarkhej, Ahmedabad 382 210, Gujarat, India
- Website
- https://charteredspeed.com/
Chartered Speed Limited FAQs
