28 Apr 2026
Deal: Trilegal is advising Chartered Speed on the first IPO in India’s bus mobility sector
08 Sep 2025
08 Sep 2025
Trilegal is advising Chartered Speed Limited (“Company”) as their legal advisor on the initial public offering of shares (“IPO”). Chartered Speed Limited is a passenger mobility company in India with an operational bus fleet of over 2,000 vehicles as of June 30, 2025. It has over 15 years of experience in the mobility sector and its extensive network spans 500 cities, enabling them to serve approximately 3.5 lakh passengers daily. As part of the Company’s inter-city and intra-city services it undertakes purchase, operation and maintenance of buses, including EV buses. It has set a target to convert 25% of its fleet into EV buses by Fiscal 2027, with an intention of phasing out its current vehicles operated using fossil fuels.
This deal is the first IPO in the bus mobility space. Trilegal is acting as the Company’s legal advisor. Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the book-running lead managers.
The proposed initial public offering aggregating up to INR 8,550 million comprises a fresh issue aggregating up to INR 6,550.00 million by the Company and an offer for sale by the promoter selling shareholders aggregating up to INR 2,000.00 million.
The Trilegal Capital Markets Team advising on the matter is led by Partner: Abhinav Maker and comprises Counsel: Ajo Jomy; and Associates: Debarpita Pande, Jayant Saxena, Mrinal Kumar, Animan Sharma and Kaushik Parkhe.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 145 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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