BSS
  15 Apr 2026, 22:36

BSEC issues strict warning to merchant bankers over IPO inactivity

DHAKA, April 15, 2026 (BSS) -The Bangladesh Securities and Exchange
Commission (BSEC) today held a high-level meeting with top representatives of
the country's merchant banks to address critical issues affecting the capital
market.

During the session, held at the BSEC Multipurpose Hall in Agargaon in the
city, the regulator issued a stern warning to issue managers regarding their
failure to bring new companies to the market, said a press release.

BSEC Chairman Khondoker Rashed Maqsood strictly cautioned merchant bankers
and issue managers who have failed to comply with their registration
conditions.

These terms require every licensed issue manager to bring at least one new
company or Initial Public Offering (IPO) application to the market every two
years, he added.

The Chairman emphasized that those failing to meet this requirement must
ensure immediate compliance.

The Chairman reiterated that the commission is dedicated to the long-term and
sustainable development of the capital market while ensuring full protection
for investors.

The meeting was attended by BSEC Commissioners Mohsin Chowdhury, Md. Ali
Akbar, Farzana Lalarukh, and Md. Saifuddin, alongside other senior executive
directors of the commission.