Dhaka, Bangladesh (BBN)-Number of new beneficiary owners’ (BO) accounts increased by around 8.0 per cent in the just concluded fiscal year (2014-15) compared to the previous fiscal, thanks to the rise in the initial public offerings (IPOs).
Some 236,104 new BO accounts were opened in the FY 15, as investors were more confident in pouring funds into the primary market rather than the secondary one.
The total number of active BO accounts reached at 3194104 on July 1, 2015, which was around 2958000 on June 30, 2014, according to the Central Depository Bangladesh Limited (CDBL).
All the investors, who got primary shares through IPO, saw good returns, which encouraged the investors along with the newcomers to participate in the next IPO, said an analyst.
A total of 17 companies floated IPO shares and raised an aggregate amount of fund worth BDT 12.64 billion, including the premium, from the capital market during the fiscal year (FY) 2014-15.
All the IPOs were oversubscribed manifold, as investors rushed for primary shares, expecting good returns from the investment.