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When asked about BO’s account opening trend, Abu Saeed Tito, Managing Director of Prilink Securities, said: “New BOs are opening at 10 times the usual rate. Apart from this, among all new and old investors, there is a lot of interest in applying for Robi’s IPO. Our organization has around 12 thousand BO accounts. Of these, some four thousand BO accounts were requested in various IPOs. But the interest that I see in Robi’s IPO, in the end, 8-10 thousand BO accounts from our organization can be applied.
As a general rule, an investor can request an initial public offering from a maximum of two BO accounts, both individual and joint. Previously, investors had to stand in long lines through banks to apply for an IPO. Investors can now apply through their own brokerages instead of banks.
Meanwhile, a large part of the stock market BO account is used only in IPOs. For this reason, there are far fewer BO accounts than there are active accounts in the secondary market. According to the latest data from CDBL last Thursday, there are 24 lakh 62,614 BO accounts in the stock market today. Of these, 11 lakh 72 thousand are shares like BO. 6 lakh 63 thousand BO accounts have no shares. And 5 lakh 17 thousand BO accounts were never used.
