Walton IPO Lottery Result 2023 and Walton IPO Prospectus News will get here. BSEC (Bangladesh Securities and Exchange Commission) has approved bidding for the company to discover the cut-off price on 7th January 2023, Tuesday. Walton IPO Lottery Result 2023 will get on last week of April 2023.
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Walton IPO Lottery Result 2023
Walton brand is one of the giant professional manufacturers in the electronics, electrical, automobiles, and other machines in Bangladesh. Walton has got the approval to get enlisted in the share market of Bangladesh. Walton Hi-Tech Industries Ltd has got the approval for cut-off price of its shares by the book building method. Finally, Walton IPO is available for the investors. The investors are keenly waiting for the Walton IPO all over the country.
Walton IPO Lottery Result 2023 will be publishing on 06.09.2023.
Walton IPO Subscription details
Walton registered EPS (earning per share) is TK 10.59, NAV (Net Asset Value) is TK 208, and keep earnings of the company is TK 27.98 billion. Face value of the share is TK 10. General investors buy the shares at 10 percent lower rate than the earlier price. The Net Operating Cash Flow is TK 17.20. Company’s authorized capital is TK 6.00 billion and the paid-up capital is TK 3.00 billion. The company is planning to use TK 626 million of the raised funds for the advancement, company expansion, research and development etc. They will use TK 330 million for the repayment of unfinished bank loans and they will use the rest of TK 45 million in meeting IPO expenses.
Walton IPO Result 2023 pdf
Walton IPO Bidding Date
Walton IPO bidding date started on 2nd March 2023 till continue to 5th March 2023 at 5 pm. The company has signed agreements with the Dhaka Stock Exchange and Chittagong Stock Exchange in the hope of using the electronic subscription system for the bidding by the eligible investors. By this bidding process, selling price of the shares of Walton will be set.
Walton is going to raise TK 100 crore through this IPO (initial public offering) from the capital markets. The authority of the company has planned for Walton IPO has to raise the fund with a view to repaying the bank loans and expanding its business purpose.
Walton IPO Prospectus News
According to the prospectus, despite the higher profits and turnover in the financial year 2018-19, the company’s closing cash and cash equivalents dropped 9.78% to TK 102 crore oddly. The Walton company’s prospectus shows its turnover grew to TK 5,177.3 crore in the financial year 2018-19, which was TK 2,732.9 crore in the previous year. Thus, its turnover grew about TK 2,444.35 crore in a space of 1 year.
Walton IPO Lottery Result 2023 PDF Download
About Walton Hi-Tech Industries Limited
Walton Hi-Tech Industries Ltd. is the one and only manufacturer company of multi-staged Television, Refrigerator, Freezer, Air Conditioner and Motorcycle technology and is delighted as one of the sophisticated industrialized plant in Bangladesh and South Asia. Walton has gained various standard quality certificates including ISO 9001:2008 & ISO 14001:2004.
Since 1977, R.B. Group (Parent Company) is one of the top business group in the country operating with great status. Walton has become a sensation in the arena of Electronics, Electrical & Automobile industries. Walton always highlighted on supreme priority to achieve customer satisfaction. It has large sales & after sales service network in home & abroad.
Level-3, Jibon Bima Tower 10, Dilkusha C/A, Motijheel, Dhaka, Dhaka 1000, BD
Walton is going to issue the IPO for ensuring people’s engagement toward advancement of the company. So everyone is hopeful that the whole process of Walton IPO will be smooth and public and company both will be benefited.
Since the company is planning to invest more money in different sectors, so they need more money for that. Raising company funds through IPO is very much popular In our country. Once a company gets through IPO procured in the share market, it enters into a road full of opportunities. Walton is walking in that road now.
Here you will get all related information of Walton IPO Lottery Result. so, keep your eyes till the lottery.