Chamelidevi Flour Mills Limited Received In-Principle Approval From BSE SME
Mumbai (Maharashtra) [India], March 30: Chamelidevi Flour Mills Limited (Chamelidevi, The Company) is an agro-processing company engaged in the manufacturing of wheat-based food products, including atta, maida, rawa, suji and bran, has received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public Offering. The company plans to issue 58,20,000 fresh equity shares with [...]
Mumbai (Maharashtra) [India], March 30: Chamelidevi Flour Mills Limited (Chamelidevi, The Company) is an agro-processing company engaged in the manufacturing of wheat-based food products, including atta, maida, rawa, suji and bran, has received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public Offering.
The company plans to issue 58,20,000 fresh equity shares with a face value of ₹ 10 each. As the company moves forward with its IPO plans, the capital raised will be utilized Setting up additional facility for chakki Atta and manufacturing facility for Daliya and Kesariya Rawa/Suji Plant with storage silo, Working Capital Requirement and General Corporate Purposes. This strategic allocation will help enhance operational efficiency, support growth initiatives, and strengthen the company’s financial position.
The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & MUFG Intime India Private Limited is Registrar to the Issue.
