Chamelidevi Flour Mills Gets BSE SME Nod for IPO, Plans Expansion

• Chamelidevi Flour Mills Limited received in-principle approval from BSE SME for its Initial Public Offering.
• The agro-processing company manufactures wheat-based food products like atta, maida, rawa, suji, and bran.
• The IPO involves issuing 58,20,000 fresh equity shares with a face value of ₹ 10 each.
• Capital raised will fund an additional chakki Atta facility, a Daliya and Kesariya Rawa/Suji Plant with storage silo, working capital, and general corporate purposes.
• The company operates an integrated flour milling facility in Madhya Pradesh with an 85,000 metric tonnes per annum capacity.