Dhaka Stock Exchange (DSE) is going to trade on the SME platform this week.
The inauguration took place two and a half years ago. This will open an opportunity for small-cap companies to get listed on the stock market.
At present, the DSE SME platform will start trading with six companies. Four of the companies – Apex Weaving and Finishing Mills, Bengal Biscuits, Himadri Ltd, and Wonderland Toys Ltd – are from the over-the-counter (OTC) market. Other two- Master Feed Agrotec Limited and Oryza Agro Industries Ltd have raised funds through qualified investor offers (QIOs)
Investors having an investment of a minimum of Tk 50 lakh in the capital market will be allowed to trade shares of the SME companies. They are also allowed to take margin loans against the purchase of SME shares.
On September 16, the BSEC abolished the OTC market and sent 23 OTC firms to the SME platform.
Some companies had applied to the commission for entering the SME platform. But a few of them withdrew their applications while several others were cancelled by the regulator.
Source: The Business Standard