As a part of the restructuring program of ICB under Capital Market Development Program (CMDB) initiated by the Government of Bangladesh and the Asian Development Bank (ADB), ICB Capital Management Ltd. Has been created as a subsidiary of ICB to carry out merchant banking activities including issue management, underwriting and portfolio management. The Company was incorporated under the companies Act, 1994 on 5 December 2000 and registration from the Securities and Exchange Commission was obtained on 16 October 2001. ICB Capital Management Ltd started its operation from 01,2002 upon issuance of gazette notification by the Government.