The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday allowed Walton Hi-Tech Industries Ltd to explore the cut-off price of its shares through electronic bidding under the ‘book building method’ of Initial Public Offering (IPO).
The approval came at a meeting held at the office of BSEC.
The company wants to raise Tk100 crore through IPO.
Only the institutional investors can participate to explore cut-off price of the company’s shares, under the electronic bidding process.