Dhaka Stock Exchange chairman Mominul Islam on Thursday expressed optimism that good companies will enter the capital market under the revised initial public offering system, while weaker ones will be barred.
Speaking at a meeting between the DSE and Bangladesh Association of Publicly Listed Companies, Mominul said the country鈥檚 capital market is beginning to recover from years of imbalance with the overall economy.
鈥楨veryone concerned is working sincerely to restore discipline in the market. A taskforce is also reviewing the regulatory framework. The DSE is striving for positive reforms, easing the IPO process, and flagging compliance-related complaints to regulators after listing,鈥� he said.
On the revised IPO system, Mominul said if genuine entrepreneurs get proper pricing, they will be encouraged to list. 鈥楾he underwriters will work as a check and balance mechanism.聽 With the new system, good companies can come to the market while weaker ones will be filtered out. Through green channels and digitisation, the DSE will be able to approve IPOs faster.鈥�
He also noted that initiatives are underway to hold annual general meetings (AGMs) smoothly in digital or hybrid format.
A coordinated platform involving different organisations and associations will help resolve longstanding challenges, he added.
Mominul said stronger cooperation between the DSE and BAPLC will make the capital market more vibrant. 鈥榃e believe this partnership will enhance investor confidence, create new growth opportunities, and contribute to national economic prosperity.鈥�
BAPLC president Rupali Haque Chowdhury, who also spoke at the meeting, reaffirmed the association鈥檚 commitment to safeguarding the interests of listed companies while ensuring transparency and good governance in the market.
鈥業f we can bring in smaller companies with innovative ideas and business plans, overall trade and investment will expand. At the same time, compliance issues of listed firms need to be made easier,鈥� Rupali said.
Both sides agreed that a strong, transparent, and sustainable capital market can only be built through coordinated efforts and constructive collaboration.