New IPO rules ensure fair pricing, stronger regulation, says BSEC chairman

The new IPO rules place strong emphasis on modernising and strengthening the regulatory framework. At the same time, companies seeking to be listed on the capital market will be assured of fair pricing and valuation, said Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood.

He made these remarks during a meeting with state-owned and multinational companies regarding the Bangladesh Securities and Exchange Commission (Public Offer of Equity Securities) Rules, 2025 at the BSEC building in Agargaon, Dhaka on Monday.

Rashed Maqsood stated that multinational companies have been instructed by the principal adviser to bring state-owned, profitable and fundamentally strong companies directly to the capital market.

According to this directive, the companies must come to the market. He further said that instructions from the highest level of government have already been conveyed to the companies. In this context, the BSEC Chairman told the attending representatives that it is essential to implement the directive as soon as possible.

During the meeting, discussions were held on the draft Rules 2025 and on how state-owned and multinational companies can be listed on the capital market.

The meeting was presided over by BSEC Chairman Khondoker Rashed Maqsood.

BSEC Commissioners Mohsin Chowdhury, Farzana Lalarukh and Saifuddin; ICB Managing Director Niranjan Chandra Debnath; CEO of ICB Capital Management Majeda Khatun; CFO of Sinovia Pharma Golam Rabbani Akand; Manager of Karnaphuli Gas Distribution Mahmuda Sultana; Company Secretary of North-West Power Generation Bimal Chandra Roy; and Assistant Manager of Sylhet Gas Fields Hasan Mahmud were also present.