Stock subscriptions for the country’s first-ever small and medium enterprise (SME) to enter the stock market would run between May 16 and 20.

Nialco Alloys has got the market regulator’s nod to raise funds from qualified investors.

The subscriptions for shares will start at 10:00am on May 16 and continue till 5:30pm of May 20, the Dhaka Stock Exchange said in a disclosure yesterday.

Eligible investors can use an electronic subscription system under the fixed price method.

Being a qualified investor requires maintaining a minimum investment of Tk 1 crore only at market price in matured listed securities as on May 04, 2021.

The shares will be traded at the SME platform of the bourses where general investors are not permitted to trade.

The small-cap board, called the DSE SME, was rolled out on April 30 with a view to facilitating small and medium-sized enterprises in raising funds. Previously they could not avail the process for their lower turnovers.