UniCap Investments

What UniCap Investments does

UniCap Investments Limited (UCAPIL) is a Bangladesh-based, Dhaka-headquartered investment banking subsidiary of Union Capital Limited (a leading non-banking financial institution) and a sister concern of UniCap Securities Limited, described as the largest stock broker in Bangladesh. The firm operates a multi-license merchant banking platform regulated by the Bangladesh Securities and Exchange Commission (registration MB-86/2013) covering Issue Management, Portfolio Management, Underwriting, Corporate Advisory, and Registrar to Issue services, with additional CDBL Depository Participant registration since April 2014.

The company's core product lines are Portfolio Management Services (offering four account types: NDA, NDAC, IDA, and MDA, including Islami Shariah-compliant discretionary mandates), Primary Market Services (issue management, underwriting, corporate and financial advisory), and Investment Banking Services (IPO/RPO management, rights issues, pre-IPO capital raising, M&A advisory, and substantial share-acquisition support). The technology stack comprises portfolio management and research systems integrated with Bloomberg information hubs, supporting an in-house research unit that publishes daily market commentary, IPO notes, and sector and economy analyses distributed via Bloomberg and local Bangladeshi media. Underlying service delivery is supported by an experienced senior team (CEO with 17+ years in capital markets, CIMA/CPA-qualified CFO, ex-government Chairman, multiple directors with CIMA, ACCA, CFA, and chartered accountancy credentials) and a five-location office footprint in Dhaka (corporate office, registered office, Gulshan branch), Chittagong, and Sylhet.

UCAPIL's business model combines recurring and episodic revenue streams: subscription-based portfolio management fees ranging from 1.5% to 2.5% per annum on AUM, margin interest income of 15%–16% per annum on leveraged investor accounts, transaction-based brokerage fees of 0.35% routed through sister concern UniCap Securities, and event-driven fees from issue management, underwriting, corporate advisory, and registrar engagements with corporate clients. Target customers span retail investors seeking professional portfolio management, institutional investors (companies, banks, insurance firms), corporate clients pursuing capital raises, and Non-Resident Bangladeshis investing from abroad; the go-to-market relies on enterprise field sales, a domestic branch network, distribution partnerships with UniCap Securities and the Dhaka/Chittagong Stock Exchanges, and research-driven content marketing on Bloomberg and local media.

Name

UniCap Investments

Legal name

UniCap Investments Limited

Website

https://unicap-investments.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

UniCap Investments Limited (UCAPIL) is a Bangladesh-based, Dhaka-headquartered merchant banking subsidiary of Union Capital Limited that provides BSEC-licensed portfolio management, issue management, underwriting, and corporate advisory services to retail, institutional, and corporate clients across Dhaka, Chittagong, and Sylhet.

Ownership category

akta.pro rank

Product category

Investment Banking (Merchant Banking)

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industry

Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO)

Keywords

• Investment banking services
• Merchant banking
• Portfolio management services
• Issue management underwriting
• Corporate financial advisory

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Portfolio Management Fees: Management fees charged on assets under management, ranging from 1.5% to 2.5% per annum depending on account type. Also includes margin interest income from leveraged investor accounts at 15-16% per annum.
2. Brokerage Fees: Transaction-based fees on securities trading at 0.35% of transaction value, executed through sister concern UniCap Securities Ltd
3. Issue Management and Underwriting: Fees earned from managing IPOs, RPOs, rights issues, and bond offerings. Includes underwriting commitments for public issues.
4. Corporate Advisory: Advisory fees for mergers and acquisitions, divestitures, restructuring, and strategic capital raising transactions
5. Registrar to Issue Services: Services as registrar to public issues, including subscription management and post-listing support

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

UniCap Investments Limited provides investment banking, merchant banking, and portfolio management services in Bangladesh's capital market. Core offerings include Portfolio Management Services (discretionary and non-discretionary accounts), Primary Market Services (issue management, underwriting, corporate and financial advisory, registrar to issue), and Investment Banking Services (IPO, RPO, rights issues, pre-IPO capital raising, M&A advisory). The firm also delivers investment research covering listed companies, sectors, and the Bangladeshi economy.

Product overview

UniCap Investments Limited (UCAPIL) operates as a multi-product investment banking platform offering a comprehensive suite of services through three core product lines: Portfolio Management Services, Primary Market Services, and Investment Banking Services. The Portfolio Management division provides discretionary and non-discretionary account management including IDA, MDA, NDA, and NDAC products for both retail and institutional investors, with support for Shariah-compliant mandates. The Primary Market Services encompass issue management, underwriting, and corporate financial advisory for companies seeking to raise capital through public offerings. Investment Banking Services include IPO/RPO execution, rights issues, capital raising, and corporate advisory including M&A and divestiture support. Research Services supporting these offerings include daily market commentary, IPO notes, sector analysis, and economic analysis published through Bloomberg and local media.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio Management Services Investment management services for retail and institutional investors in Bangladesh's capital market, providing discretionary and non-discretionary portfolio accounts with margin loan facilities, advisory support, and research backing. Supports Islami Shariah-compliant mandates.
• Investors' Discretionary Account (IDA) A non-discretionary portfolio account giving clients full control over buy/sell decisions, while providing margin loan facilities, research support, and access to capital market investments for higher returns than traditional savings.
• Non Discretionary Investors Account (NDA) Full margin loan non-discretionary portfolio account where clients retain buy/sell decision control while receiving advisory services, research support, and full margin financing from UCAPIL. BDT 500 documentation charge applies.
• Non Discretionary Investors Account Cash (NDAC) A non-discretionary portfolio account with trade execution and margin loan facilities, executed through sister concern UniCap Securities Ltd for trading on Dhaka and Chittagong Stock Exchanges at a 2.5% p.a. management fee.
• Management Discretionary Accounts (MDA) Discretionary portfolio management where portfolios are actively managed on behalf of clients by a professional team backed by UCAPIL's full-fledged research unit and experienced management committee, with support for Islami Shariah-compliant investment mandates.
• Investment Banking Services Full suite of corporate investment banking services including IPO/RPO execution, rights issues, capital raising (both debt and equity), pre-IPO placements, merchant banker service for substantial share acquisitions and takeovers, and underwriting.
• Issue Management Management of Initial Public Offerings (IPO), Repeat Public Offerings (RPO), Bonds, and Preference Shares, covering consultancy, regulatory compliance with BSEC, valuation, price discovery, book building, and subscription management.
• Underwriting Underwriting services for public issues to create efficiencies in capital markets and reduce risk for new, repeat, and rights issues, executed under UCAPIL's BSEC Underwriter license.
• Corporate and Financial Advisory Advisory services including due diligence, financial modeling, project management, restructuring advisory, mergers and acquisitions, and divestiture counseling for corporate clients across Bangladesh.
• Registrar to the Issue Services Registrar services for IPOs and public issues, including subscription management and post-issue administration under UCAPIL's BSEC Registrar-to-Issue license.
• Research Services Investment research covering listed companies, sectors, and the Bangladeshi economy, delivered as Daily News Flash, IPO Notes, Sector Analysis, and Economy Analysis through Bloomberg information hubs and local media.

Quantifiable outcome

• Successfully completed multiple IPOs since 2006 with strong track record
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• UniCap Securities LimitedcoreStrategic or Co-development PartnerUniCap Securities Limited is the sister concern of UniCap Investments Limited and the largest stock broker in Bangladesh. UCAPIL executes trades through this entity for its portfolio management clients. This partnership provides efficient trade execution and market access capabilities.
• Bangladesh Securities & Exchange Commission (BSEC)coreOthersRegulatory authority that licenses and regulates UCAPIL as a Merchant Banker (Registration No. MB-86/2013). UCAPIL maintains strong coordination with BSEC for IPO approvals, regulatory compliance, and capital market operations.
• Central Depository Bangladesh Ltd (CDBL)coreOthersUCAPIL registered as Depository Participant of CDBL in April 2014, enabling electronic securities depository services for clients.
• Dhaka Stock Exchange LimitedcoreOthersPrimary stock exchange for securities trading. UCAPIL offers trading facility for portfolio management clients through this exchange.
• Chittagong Stock Exchange LimitedminorOthersRegional stock exchange providing trading facilities. UCAPIL offers clients trading facility in both Dhaka and Chittagong Stock Exchanges.

Scale indicators5 records

Recent moves13 records

Expansion highlights6 records

Emerging players

• Grameen Capital Management Limited: Bangladesh investment management firm offering portfolio management and advisory services. Comparable to UCAPIL's PMS offering and explicitly cited as a prior employer of one of UCAPIL's senior executives, evidencing direct talent competition.
• City Bank Capital Limited: Merchant banking subsidiary of City Bank focused on portfolio management and capital market services in Bangladesh. Smaller and earlier-stage relative to UCAPIL but operating in the same BSEC-licensed merchant banking space.

Regional players

• Southeast Bank Capital Limited: Merchant banking arm of Southeast Bank in Bangladesh, offering portfolio management and investment banking services. Comparable in service mix to UCAPIL but anchored to a bank parent rather than an NBFI parent.

Direct peers

• EBL Investments Limited: Investment banking subsidiary of Eastern Bank Limited, providing portfolio management, brokerage, and issue management in Bangladesh. Comparable to UCAPIL's bank/NBFI-affiliated merchant banking model with similar BSEC licensing.
• AIMS (Arafat Investment Management Services): Bangladesh-based investment management and merchant banking firm offering portfolio management and capital market services. Comparable in scale and service offering to UCAPIL within the local merchant banking community.
• LankaBangla Investments Limited: Investment banking subsidiary of LankaBangla Finance, offering portfolio management, issue management, and corporate advisory in Bangladesh. Comparable to UCAPIL as a NBFI-affiliated full-service merchant bank.
• Prime Finance Capital Management Limited: Bangladesh merchant banker providing portfolio management and investment banking services. UCAPIL's Head of Portfolio Management previously worked here, evidencing direct competitive overlap in PMS talent and client base.
• IDLC Investments Limited: Investment banking arm of IDLC Finance, one of Bangladesh's leading NBFIs, offering portfolio management, issue management, and corporate advisory. Comparable to UCAPIL in business mix and parent-NBFI backing.
• ICB Capital Management Limited: One of the largest and oldest merchant banks in Bangladesh, licensed by BSEC to provide portfolio management, issue management, underwriting, and corporate advisory services. Closest direct comparable to UCAPIL across the full merchant banking service stack.
• BRAC EPL Investments Limited: Bangladesh merchant banker providing brokerage, margin lending, portfolio management, and investment banking advisory under BSEC license. Directly comparable in service breadth and target client segments to UCAPIL.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/unicapl
• Facebookfacebook.com/unicap.investments.limited
• LinkedInlinkedin.com/company/unicap-investments-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UniCap Investments