Chamelidevi Flour Mills received in-principle approval from BSE SME
Chamelidevi Flour Mills Limited, an agro-processing company, has received approval for its Draft Red Herring Prospectus for an IPO, planning to issue 58,20,000 equity shares. Proceeds will enhance operational efficiency and support growth initiatives.
Chamelidevi Flour Mills Limited is an agro-processing company engaged in the manufacturing of wheat-based food products, including atta, maida, rawa, suji, and bran, and has received approval for its Draft Red Herring Prospectus (DRHP), marking a significant step toward 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 company proposes to utilise the proceeds from the issue towards setting up an additional facility for chakki atta, as well as a manufacturing facility for Daliya and Kesariya Rawa/Suji, along with a storage silo.
The remaining funds are proposed to be used for working capital requirements and general corporate purposes. The company believes that this strategic allocation will help enhance operational efficiency, support growth initiatives, and strengthen its financial position.
Meanwhile, the 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
The company is an agro-processing firm engaged in the manufacturing of wheat-based food products, including atta, maida, rawa, suji, and bran. It 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, according to company.
Its operations span raw material procurement, in-house milling, quality control, packaging, and distribution. The company follows a multi-brand and multi-SKU strategy, catering to retail households, wholesalers, institutional buyers, and government customers across key regions in India.
It focuses on operational efficiency, product consistency, and supply reliability, supported by modern milling technology and an established distribution network. In terms of financial performance, the company reported revenue of ₹22,519.46 lakh, EBITDA of ₹2,066.35 lakh, and PAT of ₹1,287.67 lakh for the period ended March 31, 2025.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
About the Author
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.