Chartered Speed Ltd - IPO

Chartered Speed Ltd IPO Details

Initial public offering of up to (*) equity shares of face value Rs. 10 each (equity shares) of the company for cash at a price of Rs. (*) per equity share including a securities premium of Rs. (*) per equity share, aggregating to Rs. 273 Crores (offer). The offer comprises a fresh issue of up to (*) equity shares aggregating up to Rs. 225 Crores (fresh issue) and an offer for sale of up to (*) equity shares aggregating up to Rs. 48 Crores by the selling shareholders being the promoters, including up to (*) equity shares aggregating up to Rs. 24 Crores by Pankaj Kumar Gandhi and up to (*) equity shares aggregating up to Rs. 24 Crores by Alka Pankaj Gandhi (offer for sale). The offer shall constitute (*)% of the fully diluted post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.The face value of each equity share is Rs.10 each and the offer price is (*) times the face value of the equity shares.

Objective of issue

Purchase of Passenger Transportation Vehicles. Repayment/Pre-Payment, in full or part of certain borrowings availed by the company. Investment in the Subsidiary, Chartered Bus Pvt Ltd for Repayment/Pre-Payment of Certain borrowings availed by the Subsidiary. Purchase of IT Software & Equipments. General Corporate Purposes.

Chartered Speed Ltd Contact Details

Chartered Speed Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@charteredspeed.com

Website - www.charteredspeed.com