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ICB Capital Management Ltd. is a fully owned subsidiary of Investment Corporation of Bangladesh. The company obtained license from the Securities and Exchange Commission to act as Issue Manager, Underwriter, Portfolio Manager and to carry out other merchant banking operations under the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Regulations, 1996. The company was incorporated under the Companies Act, 1994 on 5 December 2000 and obtained registration from the Securities & Exchange Commission on 16 October 2001. The company started its' operation from 01 July, 2002 upon issuance of gazette notification by the government(Notification attached bellow-). The Company has a separate Board of Directors comprising 3 members from the private sector having good academic qualification, expertise and experience in the field of business, finance and investment. The Managing Director of ICB is the Chairman of the Board. The company has excellent working environment being equipped with logistics and computer facilities.

 

 

CORPORATE INFORMATION:
Date of incorporation 05 December, 2000
SEC's registration obtained 16 October, 2001
Functions started 01 July, 2002
SEC's permission obtained for branch operation 15 July, 2003
Authorized capital 500.00 crore
Paid-up capital 114.66 crore
Number of shareholders 7

 BESIC FACTS Background As a part of the restructuring program of ICB under Capital Market Development Program (CMDP) initiated by the Government of Bangladesh and the Asian Development Bank(ADB), ICB Capital Management Ltd. has been created as a subsidiary of ICB to carry out merchant banking activities including issue management, underwriting and portfolio management. The company was incorporated under the Companies Act, 1994 on 5 December 2000 and registration from the Securities & Exchange Commission was obtained on 16 October, 2001. The company started its' operation from 01 July, 2002 upon issuance of gazette notification by the government.(Notification attached below-)

Objectives: 

  • To carry out merchant banking activities including issue management, underwriting and portfolio management with a view to develop a vibrant capital market.
  • To widen the scope and area of investment by mobilizing savings of small and medium level investors.
  • To introduce high quality companies to the Bangladesh capital market and to support a good number of issuer companies in raising their funds from the capital market to facilitate adequate supply of securities in the capital market.
  • To create demand for quality securities by efficient portfolio management.
  • To establish perfect combination of high quality buy-sell execution capabilities and create a large local network among investors and broker community.

 Functions: 

  • Underwriting of initial public offering of shares and debentures
  • Underwriting of right issue of shares
  • Issue management
  • Managing Investors' Account
  • Providing investment counsel to issuers and investors' including financial engineering and corporate advisory services
  • Purchase of shares and debentures including placement and equity participation
  • To provide consultancy services for disinvestment program of the Government
  • To provide financial consultancy services to different companies in respect of Equity & Entrepreneurship Fund of Bangladesh Bank and others
  • Dealing in other matters related to capital market operation. 

 

Vision, Mission, Values and Philosophy of ICML

Vision

 

To become the trend setter in providing merchant banking service that is built on a foundation of sound business principles and values.

 

সুষ্ট ব্যবসায়িক নীতি এবং আদর্শের  ভিত্তিতে শীর্ষ স্থানীয় মার্চেন্ট ব্যাংকার হিসেবে সফল ও অনুকরনীয় সেবা প্রদানকারী প্রতিষ্ঠান হিসেবে গড়ে ওঠা।

Mission

 

Provide efficient and customer focused merchant banking services overcoming the continuous challenges in the capital market to promote itself as a leading and sound merchant banking institution.

 

 

পুঁজিবাজারে ক্রমাগত প্রতিকূলতা দূরীকরণের মাধ্যমে গ্রাহক বান্ধব দক্ষ মার্চেন্ট ব্যাংকিং সেবা প্রদানের দ্বারা নিজেকে একটি শীর্ষ স্থানীয় সার্থক মার্চেন্ট ব্যাংকিং হিসেবে প্রতিষ্ঠিত করা।

Philosophy

 

We believe that credibility of policies and actions are prerequisites for achieving company’s goals which can only be attained through assurance of business ethics and deliverance of superior service. We ensure that all the activities are conducted effectively and efficiently for the development of our company, clients and the capital market at large.

 

 

কোম্পানির লক্ষ্যে পৌছানোর পূর্বশর্ত হলো নীতি এবং কার্যক্রমের বিশ্বাসযোগ্যতা যা শুধুমাত্র ব্যবসায়িক নৈতিকতা ও উন্নততর সেবা প্রদানের মাধ্যমে অর্জন করা সম্ভব। দক্ষ এবং কার্যকরীভাবে সকল কার্যক্রম পরিচালনা করে কোম্পানি, গ্রাহক এবং সর্বোপরি পূঁজিবাজারের উন্নয়ন আমরা নিশ্চিত করি।

Values

·      Develop saving habit through investment;

·      Assist continuous growth of wealth of customers;

·      Sustainable growth and stability;

·      High integrity and accountability;

·      Optimum level of satisfaction of customers;

·      Build up a well-trained meritorious work force;

·      Keen to consciously build professionalism and service quality.

  • বিনিয়োগের মাধ্যমে সঞ্চয়ের অভ্যাস গড়ে তোলা।
  • গ্রাহকদের সম্পদের লাগাতার প্রবৃদ্ধিতে সহায়তা। 
  • টেকসই প্রবৃদ্ধি এবং স্থিতিশীলতা।
  • সর্বোচ্চ সততা এবং জবাবদিহিতা।
  • সর্বোত্তম গ্রাহক সন্তুষ্টি।
  • একটি প্রশিক্ষিত মেধাবী কর্মী বাহিনী গড়ে তোলা।
  • সচেতনভাবে পেশাদারিত্ব এবং সেবার মান উন্নয়ন।

 

AUDITORS:  

Pinaki & Company
Chartered Accountants,
AHSANDELL,2/A,Mymensing Road,2nd Floor,Shahbag Dhaka-1000

INCOME TAX ADVISER:  

nayet Muhammed & Associates

Sharaqa Mak, Flat-2C, 3/1, Bijoy Nagar, Dhaka

BANKERS:   1. IFIC Bank Ltd.

Motijheel Branch
Islam Chamber
62-63 Motijheel Commercial Area,
Dhaka-1000

 

2. United Commercial Bank Ltd.

Barisal Branch, 87-88 Memayet Uddin Road

Barisal Plaza (1st Floor), Barisal

 

3. NCC Bank Limited

Rahman Tower, Chandana Chowrasta, Joydebpur, Gazipur

 

Capital Structure:

(As on 30, June, 2015)

Authorized Capital : 500.00 crore

Paid-up capital : 131.86 crore

Long term loan : 121.08 crore

Retained earning : 29 crore

Total: 281.94 crore

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