StarBigBloc Gets Shareholders’ Nod for IPO to Fund Expansion

18 Jun 2025 CW Team

The IPO proposal was approved during the company’s Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances.

“This is a significant milestone in our growth journey. The IPO will enable StarBigBloc Building Materials Limited to access capital markets, drive next phase of expansion, and solidify its market position across India. This step aligns with our long-term vision to scale efficiently and establish our stronghold in building material sector. The AAC block industry is set to play a pivotal role in India's construction sector, and our company is ready for a significant leap forward,” said Mr Mohit Saboo, Director and Chief Financial Officer, BigBloc Construction Ltd.

BigBloc Construction, incorporated in 2015, is India’s largest and only listed manufacturer of Aerated Autoclaved Concrete (AAC) blocks, with an annual production capacity of 1.3 million CBM. Its manufacturing footprint spans plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). In FY25, the company reported revenue from operations of Rs 2.246 billion.

StarBigBloc Building Material currently operates a plant in Kheda, near Ahmedabad, with an installed capacity of 250,000 cubic metres per annum. This facility caters to the Gujarat market and extends its services to Udaipur in Rajasthan and Indore in Madhya Pradesh.

In May 2024, StarBigBloc’s Board had approved raising funds via an SME IPO or preferential issue, subject to approvals and market conditions. The company plans to expand its production capacity to over 1.2 million CBM over the next 4–5 years. As part of its growth strategy, it is targeting revenues of Rs 4.28 billion by FY27–28, with a projected EBITDA of Rs 1.25 billion and net profit of Rs 80 crore.

The company recently secured key approvals for its upcoming Indore project, including Town Planning Clearance (TPC), Land Registration, Gram Panchayat approval, and the Non-Agricultural (NA) order. With these in place, the company is preparing to set up India’s largest greenfield AAC blocks facility, reinforcing its leadership in sustainable building materials.

In February 2025, StarBigBloc acquired approximately 57,500 sq. metres of land at Gram Nimrani, Tehsil Kasrawad, Khargone district, Madhya Pradesh, for expanding its AAC blocks business. The strategic acquisition aims to strengthen the company’s presence in central India, supporting growing regional demand.

StarBigBloc Building Material, a wholly owned subsidiary of BigBloc Construction Ltd (BSE: 540061), has received shareholder approval to raise funds through an Initial Public Offering (IPO). The move is aimed at unlocking shareholder value, securing growth capital, and potentially enhancing the overall valuation of BigBloc Construction. The IPO proposal was approved during the company’s Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances. “This is a significant milestone in our growth journey. The IPO will enable StarBigBloc Building Materials Limited to access capital markets, drive next phase of expansion, and solidify its market position across India. This step aligns with our long-term vision to scale efficiently and establish our stronghold in building material sector. The AAC block industry is set to play a pivotal role in India's construction sector, and our company is ready for a significant leap forward,” said Mr Mohit Saboo, Director and Chief Financial Officer, BigBloc Construction Ltd. BigBloc Construction, incorporated in 2015, is India’s largest and only listed manufacturer of Aerated Autoclaved Concrete (AAC) blocks, with an annual production capacity of 1.3 million CBM. Its manufacturing footprint spans plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). In FY25, the company reported revenue from operations of Rs 2.246 billion. StarBigBloc Building Material currently operates a plant in Kheda, near Ahmedabad, with an installed capacity of 250,000 cubic metres per annum. This facility caters to the Gujarat market and extends its services to Udaipur in Rajasthan and Indore in Madhya Pradesh. In May 2024, StarBigBloc’s Board had approved raising funds via an SME IPO or preferential issue, subject to approvals and market conditions. The company plans to expand its production capacity to over 1.2 million CBM over the next 4–5 years. As part of its growth strategy, it is targeting revenues of Rs 4.28 billion by FY27–28, with a projected EBITDA of Rs 1.25 billion and net profit of Rs 80 crore. The company recently secured key approvals for its upcoming Indore project, including Town Planning Clearance (TPC), Land Registration, Gram Panchayat approval, and the Non-Agricultural (NA) order. With these in place, the company is preparing to set up India’s largest greenfield AAC blocks facility, reinforcing its leadership in sustainable building materials. In February 2025, StarBigBloc acquired approximately 57,500 sq. metres of land at Gram Nimrani, Tehsil Kasrawad, Khargone district, Madhya Pradesh, for expanding its AAC blocks business. The strategic acquisition aims to strengthen the company’s presence in central India, supporting growing regional demand.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Equipment

09 Mar 2026

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Technology

09 Mar 2026

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..