BSEC completes pilot test

Business Report  :

The Bangladesh Securities and Exchange Commission (BSEC) has taken a significant stride toward digitalizing the country’s capital market with the successful pilot testing and training of its newly developed online Initial Public Offering (IPO) application system.

Held on July 17, the session marked a vital advancement in streamlining IPO participation and ensuring a more transparent and investor-friendly environment.

According to a BSEC press release issued on July 27, a total of 119 representatives participated in the trial phase, including officials from the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), 60 merchant banks, and relevant BSEC departments, including the Capital Issue and Management Information Systems (MIS) Divisions.

In his opening remarks, BSEC Deputy Director Gaur Chanda Sarkar emphasized the long-term vision behind this initiative.

He described the new online IPO system as a “milestone” toward building a transparent, dynamic, and tech-driven stock market capable of attracting both local and foreign investors.

Tapware Solutions Limited, the tech firm responsible for developing the platform, conducted a detailed hands-on training session led by its Chief Technical Advisor Mohammad Kamruzzaman Nitan.