StarBigBloc Building Material gets shareholder approval to launch IPO
NEW DELHI: StarBigBloc Building Material, a wholly-owned subsidiary of BigBloc Construction has received shareholder’s approval to raise funds through an initial public offering (IPO). Mohit Saboo, director and chief financial officer of the company said, “The IPO will enable StarBigBloc Building Materials Limited to access capital markets, drive next phase of expansion, and solidify its market position across India.” BigBloc Construction has a 1.3 million CBM annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). For FY25, the company reported revenue from operations of ₹224.6 crore. StarBigBloc Building Material currently operates a manufacturing facility in Kheda, near…