1:1 Bonus Issue: Cement Stock Sets Record Date For Allotment of Bonus Share, Shares Gain 4501% In 5-Yrs

Small cap company from the Cement & Cement Products industry, Bigbloc Construction Ltd informed today that its Board will hold a meeting on September 13, 2024 to consider and approve allotment of fully paid-up bonus equity shares of face value of Rs 2/- (Rupees Two Only) (7,07,87,875 Equity Shares) to the Members of the Company in the proportion of 1:1 i.e., 1 (One) bonus share for every 1 (One) equity share of face value of Rs 2/- (Rupees Two Only) each, held in the Company.

Current market price of Bigbloc Construction shares on BSE is Rs 251.70 per share with gain of 2.63% in trade today. The company's market capitalisation stood at Rs 1781.73 crore. Bigbloc Construction shares zoomed 52% in last 1-year and slipped 3.99% in last 1-month. Check relevant details below:

Bigbloc Construction Sets Record Date For Bonus Share: As per the September 2, 2024 BSE filing of Bigbloc Construction, "The Board of Directors at its meeting held on Friday, July 19, 2024, recommended Bonus issue of equity shares in the proportion of 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 2/- (Rupees Two) each for every 1 (One) existing fully paid-up equity share of Rs. 2/- (Rupees Two) each held by the shareholders of the Company as on the Record date, subject to approval of shareholders."

The Board of Directors has fixed Thursday, September 12, 2024 as the Record date pursuant to Reg. 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Bonus shares shall be allotted to the equity shareholders of the Company whose names appear in the records of the Depositories as Beneficial owners, as on the Record Date, added the BSE filing.

Bigbloc Construction Share Performance: The 52-week high price of Bigbloc Construction share on BSE is Rs 293.40 (as on 18/07/2024) and 52-week low price is Rs 145.05 per share (as on 26/10/2023), respectively. Bigbloc Construction shares gave return of over 2% in last 1-week, rose 53% so far this year, and gained 1115% in last 3-years. In last 5-years, Bigbloc Construction shares surged 4501%.

Bigbloc Construction Dividend History: Bigbloc Construction announced 11 dividends since September 15, 2016. In last 1-year, Bigbloc Construction announced an equity dividend amounting to Re 0.80 per share.

Bigbloc Construction Stock Split History: The cement stock split the face value once since November 15, 2021. Bigbloc Construction last split the face value of its shares from Rs 10 to Rs 2 in 2021.The share traded ex-split as on November 15, 2021.

About: It came into existence in 2015. It is engaged in the manufacturing, sales and marketing of AAC (Aerated Autoclaved Concrete) Blocks. AAC Blocks of the company are marketed in the Brand name of NXTBLOC. It is headquartered in Surat.

Disclaimer: The stock highlights the bonus share allotment and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.