A primary shares is where brand new shares (or bonds) are created and offered to the public (for example through an Initial Public Offering or IPO, mainly through lottery).
The secondary market is where after IPO, issued shares (or bonds) are traded, i.e.: the Stock Exchange (through regular buying and selling).
Actually there is only one type of BO account. And you can use any BO account for both applying for IPO (primary) and also Buy & Sell shares (secondary). All BO accounts have the same functions.
An IPO, or initial public offering, is the process by which a privately held company begins selling stock to outside investors, thus becoming a public company. From that point on, the company can raise the capital it needs by selling shares, but it must also comply with a strict set of reporting guidelines, as established by the Bangladesh Securities and Exchange Commission (BSEC). An IPO is a lottery process where you simply apply for an IPO through Midway Securities Ltd. If you are lucky in the lottery you will receive an IPO shares. If you are unlucky, you will get back all your money into your BO account. The service charge for applying for an IPO is only Tk. 10 total.
You can apply online for all the latest IPOs. Fill out the form and we will take care of the rest. Just make sure you have enough balance in your Midway BO account.
Yes we do. Join our IPO membership club and you will never have to worry about missing an IPO application. We will automatically apply for all the IPOs for you (depending on your available balance). Please be aware, we will not automatically apply for Mutual Funds. Call or visit us to find out more features.