To enter the share market in Bangladesh, you need to start with a BO Account in a broker house. A BO account is just like a bank account, only you open it with a broker house like Midway Securities Ltd.
Once you open the account, deposit money into that BO account. There is no minimum deposit requirement. Then decide if you want to invest in the primary market (IPO) or secondary market (buy/sell shares).
If you decide to go for only primary market (IPO) investment, then check to see what the next IPO will be. An IPO is an Initial Public Offering: new companies list on the Dhaka Stock Exchange for the first time through an IPO. During an IPO subscription period, you will request us to apply for the IPO of your choice on behalf of you. We will apply on your behalf during the subscription period and within a few days we will know whether your application has won in the subscription lottery. All IPOs go through a lottery process to allocate the number of shares between thousands of investors. One simply has to be lucky to receive any IPO shares. A typical lot size of an IPO is taka 5,000. If you do not get lucky in the IPO lottery you will be fully refunded within a few days.
If you decide to go for secondary market (buy/sell shares), then you will need to make a few decisions beforehand. You must decide how much you want to invest in the shares you wish to buy. Make sure to deposit that fund into your BO account before you buy any stocks. Do your research before buying any stocks. You can also ask any of our experienced traders and managers to help you guide through selecting any stocks you are interested in. Once you have made a decision to buy a certain stock, simple place an order with to buy that stock via phone, email, internet, in-house or through our mobile app. You can buy and sell as often as you want as long as you have enough funds in your BO account.
The Midway Team