DK Business Network
Chartered Speed Limited is looking to raise ₹855 crore through its upcoming IPO. The company plans to issue new shares worth ₹655 crore. Besides this, promoters intend to sell shares valued at ₹200 crore. The funds raised will be used to fuel the company’s expansion and growth strategies.
Trilegal is the legal advisor for Chartered Speed in this transaction. The legal team is led by Partner Abhinav Maker. Counsel Ajo Jomy and associates Debarpita Pande, Jayant Saxena, Mrinal Kumar, Animan Sharma, and Kaushik Parkhe also form part of the team. They are handling all aspects of the IPO’s legal compliance and documentation.
Chartered Speed Limited operates in India’s passenger mobility sector. As of June 30, 2025, the company manages a fleet of over 2,000 buses. It has a strong presence across more than 500 cities. On average, Chartered Speed serves around 350,000 passengers every day. Their operations cover both inter-city and intra-city routes.
The company has over 15 years of experience in the mobility business. They are focused on modernizing their fleet by including electric vehicles (EVs). Chartered Speed aims to convert 25% of its buses to EVs by the fiscal year 2027. This goal supports their plan to gradually phase out buses that run on fossil fuels.
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