Shares of small capital-based companies surged abnormally on the Dhaka Stock Exchange (DSE) in the past month whereas the benchmark index of the premier bourse of Bangladesh, as well as blue-chip securities, has been in a bearish mood.
At a time when the key index of the Dhaka Stock Exchange (DSE) is on the decline and turnover plummeting, the SME index has skyrocketed for an influx of investors lured by “risky” shares on speculations that they would rise further.
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Country’s first SME gets nod to go public
Nialco Alloys will raise Tk 7.5cr from qualified investors
Star Business Report
Star Business Report
The Bangladesh Securities and Exchange Commission (BSEC) yesterday gave go-ahead to Nialco Alloys to go public.
In order to help the company meet its demand for long-term financing, the commission has approved the country s first quality investors offering (QIO).
The stockmarket watchdog took the decision in a meeting at its headquarters yesterday, the BSEC said in a press release.
With this decision, Nialco Alloys, a manufacturer of high-grade bronze and brass ingots, will also become the country s first-ever small and medium enterprise (SME) to enter into the stockmarket.