Dhaka, Jan. 14 -- The lottery system for allocating shares to investors in initial public offerings has been reinstated in Bangladesh's capital market.

Officials of the Bangladesh Securities and Exchange Commission (BSEC) say shares of companies coming to the market through IPOs will now be distributed through a lottery instead of proportional allotment.

Following reforms to the IPO framework, the "Bangladesh Securities and Exchange Commission (Public Offer of Equity Securities) Rules, 2025" was gazetted on Dec 30.

The revised rules were explained at a press conference at the BSEC office in Agargaon on Wednesday.

Under the amended framework, stock exchanges will give primary approval to IPO proposals, with the BSEC issuing final appro...