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...
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.
