What IIDFC Securities Limited does

IIDFC Securities Limited is a Bangladesh-based brokerage subsidiary of IIDFC Limited, operating as a Dhaka Stock Exchange (DSE) Trading Right Entitlement Certificate (TREC) holder (#238) and Central Depository Bangladesh Limited (CDBL) Depository Participant (#292). The firm received Bangladesh Securities and Exchange Commission approval on March 28, 2010 and acquired its DSE membership on January 5, 2011, functioning as a regulated intermediary in the Bangladeshi capital markets. It is classified among the top 30 brokers on the DSE and operates from Dhaka with a 31-employee headcount.

The company's service stack spans core DSE brokerage execution, Investors' Discretionary Cash Accounts (IDCA), Investors' Discretionary Margin Accounts (IDMA), margin lending at 16.5% per quarter, Foreign Investment Account services (0.40% commission), IPO subscription, portfolio management, and unit fund trading. Ancillary offerings include CDBL depository services and annual account maintenance at Tk. 500. Customers comprise individual investors — including a dedicated women's investor segment — domestic public and private limited companies, partnership and proprietorship firms, trust and fund investors, and foreign institutional investors. Distribution runs through Dhaka offices and a mobile trading application, supported by portfolio management partnerships with merchant banks including Southeast Bank, IIDFC Capital, and Exim Islami.

Revenue is generated primarily through transaction-based brokerage commissions, supplemented by margin interest income, portfolio management fees, depository fees, FIA commissions, and account maintenance charges. The model is volume-driven and tied to DSE turnover, making revenue cyclical with Bangladeshi equity market activity. Recent operational signals — specifically the January 2025 closure of the Extension Office and Digital Booth — indicate a distribution footprint rationalization rather than expansion.

Name

IIDFC Securities Limited

Legal name

IIDFC Securities Limited

Website

https://iidfcsecurities.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

IIDFC Securities Limited is a Bangladesh-based brokerage subsidiary of IIDFC Limited, operating as DSE TREC holder #238 and CDBL Depository Participant providing brokerage, depository, margin lending, IPO subscription, and portfolio management services to individual and institutional investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Stock Brokerage Commission: Competitive brokerage commission charged on buy/sell transactions executed on behalf of clients through the DSE trading platform
2. Foreign Investment Account Services: Brokerage commission of 0.40% on foreign investor transactions plus annual account maintenance charges
3. IPO Subscription Services: Facilitation of IPO applications for clients with BO accounts, processing subscription fees and allotment management
4. CDBL Services: Depository participant services including BO account maintenance, dematerialization, re-materialization, and securities transfers under SEC regulations
5. Portfolio Management Services: Designated broker services for merchant banks providing portfolio management as an intermediary
6. Research Services: Economic, market, sector and company research reports provided to clients as value-added services
7. Account Maintenance Fees: Annual account maintenance charges of Tk. 500 for BO/Trading accounts, deducted on first working day of each calendar year
8. Margin Loan Interest: Interest charged at 16.5% quarterly on margin loans provided to clients under Margin Rules 1999
9. Unit Fund Trading Services: Buying and selling services for mutual fund units including Prime Financial First Unit Fund and Sandhani Life Unit Fund

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

IIDFC Securities Limited is a Bangladesh-based brokerage firm providing stock trading membership on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), along with CDBL depository services, IPO subscription support, portfolio management, and equity research. It operates dedicated Cash, Margin, and Foreign Investment trading accounts to serve retail investors, corporate entities, and foreign institutional investors across a multi-branch footprint.

Product overview

IIDFC Securities Limited operates as a brokerage platform offering stock broking and dealing services for the Bangladesh capital market. The core product portfolio centers on Stock Brokerage Services (including online trading), CDBL Depository Services (BO account management, dematerialization, securities transfers), and IPO Services (subscription and application processing). Supporting products include Portfolio Management Services (through partnered merchant banks), Research Services (market reports, daily commentary, weekly/monthly analysis), and Unit Fund Trading (buying/selling of mutual fund units). The company offers three distinct account types: Investors' Discretionary Cash Account (IDCA) for cash-basis trading, Investors' Discretionary Margin Account (IDMA) with leveraged margin loans at 16.5% interest, and Foreign Investment Account (FIA) for non-resident investors. The suite is delivered through a mobile application providing smart trading functionalities.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Brokerage Services (DSE and CSE) Equity brokerage membership on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), enabling clients to place buy and sell orders for listed securities through the firm's branches, online trading platform, and digital trading booths.
• CDBL Depository Services Central Depository Bangladesh Limited (CDBL) participant services providing Beneficial Owner (BO) account opening, electronic settlement, and custody of dematerialized shares for clients trading on DSE and CSE.
• IPO Subscription Services IPO application and subscription support on the primary market of DSE and CSE, assisting clients with IPO lot applications, documentation, and allotment tracking through the firm's brokerage account infrastructure.
• Portfolio Management Services Portfolio management service in which the firm manages client equity portfolios on a discretionary or advisory basis, leveraging its brokerage, depository, and research capabilities.
• Equity Research Services In-house equity research desk producing fundamental analysis, technical analysis, and company-specific reports on DSE- and CSE-listed securities to support client investment decisions.
• Unit Fund Trading Trading support for unit fund and mutual fund instruments listed on DSE and CSE, offered through the firm's brokerage and online trading platform.
• Foreign Investment Account Dedicated trading account type for foreign institutional investors and non-resident clients, enabling purchase, sale, and custody of Bangladeshi listed securities in compliance with foreign investment regulations.
• Margin Trading Account Margin trading account allowing eligible retail and institutional clients to borrow against deposited collateral to take leveraged positions in listed equities through the brokerage.
• Cash Trading Account Standard non-margin trading account enabling clients to buy and sell listed equities using their own funds, settled through the linked BO/CDBL account.

Quantifiable outcome

• Listed among top 30 brokers of Dhaka Stock Exchange in terms of trade volume and settlement

Segments6 records

Ideal customer profiles3 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.

• Southeast Bank Capital Services LimitedcoreChannel Partner/ Reseller/ DistributorIIDFC Securities provides portfolio management services as a designated broker of Southeast Bank Capital Services Limited, one of the top-ranking merchant banks in Bangladesh. This partnership enables IIDFC to offer managed portfolio services to clients seeking professional investment management through Southeast Bank's platform.
• IIDFC Capital LimitedcoreChannel Partner/ Reseller/ DistributorAs a designated broker of IIDFC Capital Limited (the merchant banking arm of the parent company IIDFC), IIDFC Securities offers portfolio management services leveraging the parent company's capital markets expertise and resources.
• Exim Islami Investment LtdcoreChannel Partner/ Reseller/ DistributorIIDFC Securities acts as a designated broker for Exim Islami Investment Ltd, providing Shariah-compliant portfolio management services to clients through this Islamic investment platform.
• Prime Finance Asset Management Co. LtdminorChannel Partner/ Reseller/ DistributorIIDFC Securities provides unit fund buying and selling services for Prime Financial First Unit Fund, an asset management product managed by Prime Finance Asset Management Co. Ltd.
• Alif Asset Management LtdminorChannel Partner/ Reseller/ DistributorIIDFC Securities offers Sandhani Life Unit Fund trading services, an investment product asset managed by Alif Asset Management Ltd.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• IDLC Securities Limited: Securities arm of IDLC Finance, one of Bangladesh's largest NBFI groups; offers full-service brokerage, depository participation, and research — a same-market, same-license competitor.
• NCCBL Securities & Financial Services Limited: A Bangladesh-based brokerage and dealer offering DSE trading, margin, and depository services; competes head-to-head with IIDFC Securities for retail clients.
• LankaBangla Securities Limited: One of the largest DSE brokers and a direct competitor; offers brokerage, margin lending, and research services to retail and institutional clients in Bangladesh — directly comparable in product mix to IIDFC Securities.
• UCB Capital Management Limited: Brokerage and merchant-banking subsidiary of United Commercial Bank; competing in the same DSE retail/institutional brokerage space as IIDFC Securities.
• AIBL Capital Management Limited: Brokerage and capital-management arm operating on DSE with comparable online-trading and margin services; competes in the same retail and institutional segments.
• EBL Securities Limited: Brokerage subsidiary of Eastern Bank Limited offering online trading, margin lending, and IPO services on DSE — directly comparable in business model and customer segments.
• BRAC EPL Stock Brokerage Limited: Major DSE broker (previously known as Equity Partners Limited) offering online trading, IPO, and margin services across Bangladesh; cited as a prior employer of IIDFC Securities' CEO, indicating near-identical product positioning.
• Southeast Bank Capital Services Limited: Merchant-banking arm of Southeast Bank and an existing designated-broker partner of IIDFC Securities; competes across the same product surface including PMS and brokerage.
• Prime Finance & Investment Limited: Bangladesh broker-dealer with brokerage and merchant-banking activities; closely comparable service mix including online trading, margin, and unit fund distribution.

Broad incumbents

• IIDFC Capital Limited: Merchant-banking arm of parent IIDFC Limited and an existing IIDFC Securities partner; while not a direct brokerage competitor, it operates in adjacent capital-market services (issue management, underwriting) within the same IIDFC group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iidfc-securities-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 IIDFC Securities Limited