Trading at SME board kicks off

This article was originally published on this site

A long demanded stock trading board for small and medium enterprises kicked off today at Chattogram stock exchange.

With the ring bell ceremony stocks of Nialco Alloys is going to be traded at the board.

For all latest news, follow The Daily Star’s Google News channel.

SMEs had repeatedly been urging the BSEC to give a chance to raise funds from the stock market.

The commission appeased those demands by passing a rule in 2018 that allowed all companies with paid-up capital of between Tk 5-30 crores to raise funds from the stock market.

In April, Nialco Alloys, one of the SMEs got the nod to go public and traded at the board.

It raised Tk 7.5 crore from qualified investors.

SMEs are now allowed to meet their financial demand by raising funds from the stock market, said Asif Ibrahim, chairman of the Chattogram Stock Exchange.

“This is a historic moment.”

Entrepreneurs should prompt to get fund from the equity market, he added.