The Bangladesh Securities and Exchange Commission (BSEC) will approve application of any company’s initial public offering within two weeks if it submits papers properly, top officials of the commission said yesterday.
“We have a checklist. If the issuer companies follow the list and submit the necessary papers properly, we can approve initial public offering within two weeks,” said Prof Shibli Rubayat Ul Islam, chairman of the stock market regulator.
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“We have already approved an IPO recently in two weeks.”
His comments came in a conference on “Capital market of Bangladesh-prospects and opportunities for the corporate entities”, which was held at the auditorium of the Dhaka Stock Exchange.
For a sustainable business, entrepreneurs should come to the stock market, as it will ensure the long-term financing as well as corporate governance, Islam also said at the event as the chief guest.