Contents

Letter of Authorization Letter of Acceptance Certificate from Organization Letter of Transmittal Certificate from Supervisor Preface Acknowledgement Executive Summary

i ii iii iv v

Title
Chapter - 1
1.1 1.2 1.3 1.4 1.5 1.6 1.7

Page No.

Orientation of the Report

Prelude Origin of the report Rational of the Study Objective of the Study Statement of the Problem Methodology Limitation

1-5
1 1 2 2 3 4 5

Chapter -2

Chapter2 2.1 2.2 2.2.1 2.2.2 2.2.3

Organizations Profile
Preamble DSE as an Organization DSE: At a Glance

Organizational Profile

6-26

6 14-2 7

2.2.4 2.2.5 2.2.6 2.2.7 2.3 2.3.1 2.3.2 2.3.3

Brief History The Functions of DSE Major Functions of DSE Other Activities Legal Status Membership/Shareholders of DSE Policy Making Body: The Board of Directors DSE Management Organogram Different Departments of DSE Hierarchy of Overall DSE
Hierarchy of Individual Dept. & Their Job Responsibility

8 10

10 11 11 11 12 13 14

Chapter- 2
2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11

Organizations Profile
Overview of DSE Tower Major Departments Automated Trading System Automated On-line Trading System (Vision 2015) DSE Vision 2013 DSE Website Current Statistics (A Summary) Conclusion

Page No.

16 17 21 23 24 25 26 26

Chapter- 3
3.1 3.2 3.3 3.4 3.4.1 3.4.2 3.4.3 3.5 3.6 3.7 3.7.1 3.7.2 3.7.3 3.7.4 3.8 3.9 3.10

Conceptual Framework
The Securities & Exchange Commission (SEC) Central Depository Bangladesh Limited (CDBL) Capital Market Basic Market Structure Key Market Segments Analytical Models Trading Sessions History of Share Categorization Clearing and Settlement System DSE Indices DSE General Index (DGEN) DSE All Share Price Index (DSI) DSE-20 Index (DS20) Difference between the indices Introductory information for General Investors Important Ratio for Market Analysis Demutualization

27-38
27 27 27 28 29 29 30 32 33 34 35 35 36 37 38

Chapter- 4

Literature Review

39-41

Chapter- 5
5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9

Listing of Companies
Meaning of Listing Types of Listing Is Listing Compulsory? Listing Requirements Documents to be submitted Details of Listed Securities Listing Scenario in 2012 IPO Pricing Methodology Some Basics of IPO Pricing and Potential Pitfalls

42-60
42 43 44 48 49 50 51 52 54

Chapter- 5
5.10 5.11 5.12 5.13 5.14

Listing of Companies
Sector-wise Company List Securities Market Related Fiscal Measures
(National Budget 2011-12& 2012-13)

Page No.

56 57 58 59 60

Delisting Department of Listing Affairs Conclusion

Chapter- 6
6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10

Procedure of Listing
The Listing Process Evaluation of the Draft Prospectus
Decision of Listing

Disclosure Requirements by the listed Companies General process of listing with DSE through IPO Book Building Method Listing requirement of DSE as per listing regulation 1999 (as amended up to 2009) Direct Listing & its Regulation-2006 Historical vs. Forecasted Figures Conclusion

61-78 61 64 68 70 71 72 75
76 78 78

Chapter- 7

Case Study on Generation Next Fashions Limited

79-88

Chapter- 8
8.1 8.2 8.3

Problems & Recommendation

Problems Summary & Conclusion Recommendations

89-94
89 92 94

Concluding Remarks
Abbreviations and Acronyms Glossary References List of Appendices

Page No. 96 97 99 101

List of Tables
Table No.
2.7 3.6 3.7.4 3.10 5.6.1 5.6.2 5.7 5.10

Title
Automated Trading Server Capacity Clearing & Settlement System Difference between the indices DSE Top five BO Accountholders in 2010 Total Number of Listed Securities Comparison of Listing & IPO Listing Scenario in 2011-12 Sector wise Companies List

Page No.

23 32 35 38 50 50 51 56

List of Figures
Figure No.
2.3.1 2.3.2 2.3.3 3.3 3.4.1 3.7.1 3.7.2 3.7.3 5.8 6.1 6.3

Title
Different Departments of DSE Hierarchy of Overall DSE Hierarchy of Individual Dept. of DSE Basic Market Structure Key Market Segments DSE General Index (DGEN) DSI (All Share Price Index) DSE- 20 Index (DS20) IPO Pricing Methodology The Listing Process Decision of Listing

Page No.

12 13 14 28 28 33 34 35 52 63 69