B MirrorDesk : Policy changes are needed to bring new companies to the capital market. If companies were given facilities, they would come to the capital market and take money from the public instead of taking money from banks, said Investment Corporation of Bangladesh (ICB) Chairman Professor Abu Ahmed.
He made these remarks at the Baisakhi Customer Fair titled ‘New Year, New Hope, Let’s Start the Story of Success’ organized by ICB Capital Management Limited on Tuesday (April 15). Investment Corporation of Bangladesh (ICB) Managing Director Niranjan Chandra Debnath, ICB Deputy Managing Director Mohammad Nurul Huda, Jiska Pharma Managing Director Aminul Islam Khan and ICB Capital Management Limited CEO Majeda Khatun, along with officials, employees and investors of the company, were present at the event. Professor Abu Ahmed said, “The government should take the initiative to change the policy and list the companies in the market.
We need to know what the needs of the companies that want to come to the IPO are and what facilities they will provide to them. Only then will the big domestic and foreign companies gradually come to the market.” He said, there are almost 380 stocks in the market including mutual funds. Not all companies are for investment. You have to invest after listening and understanding, you cannot invest by listening or taking advice from anyone. Don’t fall into the trap of gambling. Be a real investor. Honesty is the biggest thing to survive here. If you are dishonest, the capital market will eat all your money. ICB MD Niranjan Chandra Debnath said, “The capital market is a big part of our economy. But our market is constantly getting hot.
However, I hope that the situation of our market will change a lot in the coming days. Because our interim government is thinking a lot about the market. In continuation of this, various positive activities including the task force in the capital market are being observed.” He said, “We have to be patient in the capital market. We have to be in investment mode instead of always being in trading mode. There are ups and downs here like any other business. We have to have the mentality to accept that.” Majeda Khatun, Chief Executive Officer of ICB Capital, said, “Alarge part of the capital market, merchant banks, are neglected in many places.
To bring good securities, merchant banks must be given importance. Since the DSE was started, it was under the control of the broker community. ICB has been working here since the beginning. Our event yesterday is to highlight the importance of merchant banks to everyone.” He said, “We think of capital market as millions of crores of taka. As a result, despite the large population in our country, most of us are outside this market.
We have come up with a product for ICML, called ‘TIP’. Here, investments can be made from 1,000 taka. This product has tax benefits. It is managed by an expert team.
