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Walton’s IPO bidding approved
Bangladesh Securities and Exchange Commission approved bidding for discovering cut-off price of Walton Hi-Tech Industries.
When a company seeks a premium over its face value to go for initial public offering, institutional investors bid for discovering a price for them. General investors buy the shares at 10 percent lower than the price.
Walton wants to raise Tk 100 crore to expand business and repay bank loans.
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