DSE launches small capital platform

Dhaka Stock Exchange, the country's premier bourse, launched on Tuesday 'DSE SME Platform' to facilitate the growth of small and medium enterprises.

Finance minister AHM Mustafa Kamal inaugurated the platform at a city hotel.

Prof M Khairul Hossain, chairman of the securities regulator, attended the programme as the special guest.

Any public limited company is eligible to raise funds and get listed in the small capital platform.

After listing with the platform, the company's paid-up-capital will stand at least Tk 50 million and below Tk 300 million.

A company willing to raise capital through book-building system, its minimum capital will be Tk 100 million before listing with the SME platform. DSE chairman Prof Abul Hashem presided over the event attended by other board members, trading right entitlement certificate holders and stakeholders of the capital market.

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According to DSE officials, only a qualified investor can submit their intention to subscribe the issue offered by the SMEs for fund raising.

The qualified investors are merchant bankers and portfolio managers, asset management companies, mutual funds and collective investment scheme, stock dealers, banks, financial institutions, insurance companies, alternative investment fund managers, alternative investment funds, market makers, issuer of listed securities, resident or non-resident Bangladeshi, individuals having minimum net worth of Tk 10 million and other institutions as approved by the commission.

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