Chartered Speed IPO - Date, Price Band & Details

Chartered Speed Limited is a leading passenger mobility company in India. It was originally incorporated as a private limited company on May 22, 2007, and later converted into a public limited company in 2018.

1. Core Business: The company provides a range of transport solutions, including:

• Urban Public Transport: Operating over 620 buses across Gujarat and Madhya Pradesh as of June 30, 2025.
• School and Corporate Services: Catering to the daily commuting needs of students and staff for clients like Apple Global School and GHCL Limited. This segment contributed ₹354 million (5.31%) to revenue in Fiscal 2025.
• Inter-city Operations: Providing connectivity across an extensive network of 500 cities.

Scale: The company serves approximately 3.5 lakh passengers daily.

2. Company Strengths

• Large Fleet Size: As of June 30, 2025, the company operates an extensive bus fleet of over 2,000 vehicles.
• Self-Owned Model: Unlike many competitors, the company majorly operates a self-owned fleet. This provides greater operational control and reduces reliance on third-party vehicle vendors.
• Broad Geographic Reach: Its network spans 500 cities, establishing a significant presence in the Indian passenger mobility market.
• Diversified Revenue Streams: The company manages revenue from various models, including the Annuity Model (for government state transport undertakings) and the Ticket Revenue Model (for inter-city travel).
• Experienced Management: Led by Chairman and Managing Director Pankaj Gandhi, the company benefits from a leadership team with deep industry expertise.

3. Growth and Future Outlook

• Expansion in Urban Mobility: The company is focusing on high-density regions to address congestion and provide affordable commuting options through shared mobility.
• Modernization and Efficiency: The company uses specialized KPIs like Billed Kilometres and Occupancy rates to optimize its fleet and improve operational efficiency.
• Financial Recovery: While the company faced challenges with net worth erosion in previous years, it reported a significant improvement in Fiscal 2025, with a Return on Equity (ROE) of 267.76% compared to -31.65% in the previous fiscal year.
• IPO Capital Injection: The company intends to raise up to ₹26,550 million through a fresh issue of shares, which is expected to support further growth and corporate objectives.