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Bigbloc Construction Limited — Capital/Financing Update 2024
May 23, 2024
61269_rns_2024-05-23_2a492a1b-9a48-4cde-8978-06d5e23df21f.pdf
Capital/Financing Update
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Date: 23/05/2024
To, To, Department of Corporate Service, Listing Department, Bombay Stock Exchange Limited, National Stock Exchange of India Limited, 1[st] Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, BLOCK G, Dalal Street, Mumbai - 400001 Bandra-Kurla Complex, Bandra (E), Script Code: 540061 Mumbai - 400051 ISIN :INE412U01025 Symbol: BIGBLOC ISIN : INE412U01025
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for proposed Initial Public Offering/ Preferential Issue of Equity Shares by Starbigbloc Building Material Limited, Subsidiary of the Company through route of SME IPO
Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we, Bigbloc Construction Limited (“the Company”) hereby inform you that the Board of Directors of Starbigbloc Building Material Limited, Wholly owned Subsidiary of the Company at their meeting held today i.e., 23[rd] May, 2024 approved fund raising, subject to receipt of requisite approvals, market conditions and other considerations, by way of an Initial Public Offering (“IPO”)through route of SME IPO/ Preferential Issue of its Equity Shares in accordance with the Companies Act, 2013 and rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws.
Public Offering/ Preferential issue of shares is done for future expansion & value unlocking for all shareholders.
The size of the offer, price and other details of the proposed IPO/Preferential Issue will be determined in due course; a pitch deck outlining the details of the proposed IPO/Preferential Issue is attached herewith for your reference.
Kindly note that post the proposed IPO/ Preferential Issue, Starbigbloc Building Material Limited would continue to be Subsidiary of the Company.
Kindly take the above information in your record. Thanking you. Yours Faithfully, For BIGBLOC CONSTRUCTION LIMITED,
Alpesh Digitally signed by Alpesh Somjibhai Somjibhai Makwana Date: 2024.05.23 Makwana 12:43:53 +05'30' ALPESH SOMJIBHAI MAKWANA (Company Secretary and Compliance Officer) ACS-46284
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