Walton IPO Lottery Result 2024 and Walton IPO Prospectus News. Walton is one of the giant professional manufacturers in the electrical, electronics, automobiles, and other appliances in Bangladesh. Walton has got the approval to get enlisted in the share market of Bangladesh. Bangladesh Securities and Exchange Commission (BSEC) has approved bidding for the company to discover the cut-off price on Tuesday, January 7, 2024.
So finally Walton IPO is being available for the investors. Walton Hi-Tech Industries Limited has got the approval for the cut-off price of its shares by the book building method. The investors all over the country are eagerly waiting for the Walton IPO.
Walton IPO Lottery Result 2024 will be publishing on 06.09.2024.
Walton Hi-Tech Industries IPO Summary
The company is going to raise Tk 100 crore from the capital markets through this initial public offering (IPO). The authority of the company has planned for the Walton IPO to raise the fund with a view to expanding its business and repaying the bank loans. Since the company is planning to invest more in different sectors, they need more money for that. In our country, raising company funds through initial public offering is very much popular. Once a company gets enlisted in the share market through IPO, it enters into a road full of opportunities.
 Walton IPO Result 2024 pdf
Affected Applicants
General Applicants
NRB Applicants
DSE CSE Broker List
Walton IPO Bidding Date
The bidding date of Walton IPO is going to start on 2nd March 2024. The bidding date will continue from 5 pm 2nd March 2024 to 5 pm 5th March 2024. 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. Through this bidding process, the selling price of the shares of the company will be set.
Walton IPO Prospectus News
Curiously, despite the higher profits and turnover in the 2023-2024 financial year, the company’s closing cash and cash equivalents dropped 9.78 per cent to Tk 102 crore, according to the prospectus.
The Walton company’s prospectus shows its turnover rose to Tk 5,177.3 crore in the 2023-2024 financial year, which was Tk 2,732.9 crore in the previous year. So, its turnover rose about Tk 2,444.35 crore in a space of 12 months.
Walton IPO Subscription details
A stable financial condition of a company is always good for doing better in the share market. Every company needs to show its most important financial metrics before entering the share market. Walton has also shared some of its financial data for the Walton IPO. The registered earning per share (EPS) of the company is Tk 10.59, Net Asset Value (NAV) is Tk 208, and the retained earning of the company is Tk 27.98 billion.
The Net Operating Cash Flow is Tk 17.20. The authorized capital of the company is Tk 6.00 billion and the paid-up capital of the company is Tk 3.00 billion. The company is planning to use Tk 626 million of the raised funds for the company expansion, advancement, research and development. They will use Tk 330 million for the repayment of partial bank loans and they will use the rest of Tk 45 million in meeting IPO expenses.
Walton IPO Lottery Result 2024
After the bidding by the eligible investors, Walton’s shares will be issued to the investors through the lottery. This will happen at a 10 percent reduced-rate of the initial price. When a company looks for a premium over its face value in the hope of going for the initial public offering (IPO), institutional investors go through bidding for discovering a price for them. After that, the general investors buy the shares at a 10 percent lower rate than the earlier price. The IPO lottery result date for the general investors of Walton IPO will be announced later.
About Walton Hi-Tech Industries Limited
Walton Hi-Tech Industries Ltd. is the one and only manufacturer of multi-staged Refrigerator, Freezer, Air Conditioner, Television and Motorcycle technology and is treated as one of the sophisticated manufacturing plant in Bangladesh and South Asia. R.B. Group (Parent Company) is one of the top business groups in the country operating with a great reputation since 1977.Walton has become a sensation in the arena of Electronics, Electrical & Automobile industries & as signified as one of the top manufacturing plant in Bangladesh & South Asia.
Walton always emphasizes on supreme priority to achieve customer satisfaction. It has a large sales& after sales service network in home & abroad. Walton has achieved various standard quality certificates including ISO 9001:2008 & ISO 14001:2004.
Address: Level-3, Jibon Bima Tower 10, Dilkusha C/A, Motijheel, Dhaka, Dhaka 1000, BD
Final Words
Walton is going to issue the initial public offering for ensuring people’s engagement toward the advancement of the company. So everyone is hopeful that the whole process of Walton IPO will be smooth and both public and company will be benefited.