Monday, 18 October, 2021

Six SMEs enter capital market

  • Staff Correspondent
  • 1 October, 2021 12:00 AM
  • Print news

Six SMEs started trading in Dhaka Stock Exchange on Thursday under special platform at the country’s premier bourse.

 The companies are Oryza Agro Industries, Master Feed Agro Tech, Apex Weaving and Finishing Mills, Wonderland Toys, Himadri Limited and Bengal Biscuits.

Bangladesh Securities and Exchange Commission (BSEC) Commissioner Mizanur Rahman was the chief guest of a launching event held at  DSE Tower in capital’s Nikunja area.

SME Foundation chairperson Prof Masudur Rahman was the special guest of the event.

Each of the small ventures can raise maximum Tk 300 million from the bourse, according to strategic agreement signed between DSE and SME Foundation recently.

Presided over by DSE chairman Eunusur Rahman, managing director Tarique Amin Bhuiyan made address of welcome in the meeting.

Bsec commissioner Mizanur Rahman claimed the size of country’s economy has widened by almost 63 percent compared the volume a decade ago.

“The small businesses are contributing to the economy from the behind. Overall development of the country mostly depends on the transparency of the SMEs,” he said.

Dr Mizan directed the DSE authorities to introduce real-time dashboard for the special platform for the small and medium enterprises. DSE managing director Tarique Amin said the trading in special platform will empower the SME companies which struggle for funding  to scale the business up. SME Foundation chairperson Prof Masudur Rahman said the bank and financial institutions facilities Tk 1.8 trillion annually to the small businesses which is only one fourth of total market demand. “The enrollment in the capital market helps SMEs to raise significant amounts as long term finance on demand to scale up the enterprises,” he said.