Chamelidevi Flour Mills Gets In-Principle Approval from BSE SME Board
Chamelidevi Flour Mills Limited Receives Approval for Draft Red Herring Prospectus
Chamelidevi Flour Mills Limited, an agro-processing company, has received approval for its Draft Red Herring Prospectus (DRHP), marking a significant step towards its initial public offering (IPO). The company plans to issue 58,20,000 equity shares with a face value of ₹10 each, which will be a complete fresh issue.
The proceeds from the issue will be utilised towards setting up an additional facility for chakki atta, a manufacturing facility for Daliya and Kesariya Rawa/Suji, and a storage silo. The remaining funds will be used for working capital requirements and general corporate purposes. This strategic allocation is expected to enhance operational efficiency, support growth initiatives, and strengthen the company's financial position.
Book Running Lead Manager to the issue is Beeline Capital Advisors Private Limited, and MUFG Intime India Private Limited is the registrar to the issue.
About Chamelidevi Flour Mills
Chamelidevi Flour Mills is an agro-processing firm engaged in the manufacturing of wheat-based food products, including atta, maida, rawa, suji, and bran. The company operates an integrated flour milling facility located at the Nimrani Food Processing Park in Madhya Pradesh, with an installed capacity of 85,000 metric tonnes per annum.
The company's operations span raw material procurement, in-house milling, quality control, packaging, and distribution. Chamelidevi Flour Mills follows a multi-brand and multi-SKU strategy, catering to retail households, wholesalers, institutional buyers, and government customers across key regions in India.
Financial Performance
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For the period ended March 31, 2025, Chamelidevi Flour Mills reported:
- Revenue: ₹22,519.46 lakh
- EBITDA: ₹2,066.35 lakh
- PAT: ₹1,287.67 lakh
Investor Takeaway
Chamelidevi Flour Mills Limited is moving forward with its IPO plans, which may have long-term implications for the company's growth and financial position.
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