RANCON Motor Bikes plans stock market listing

RANCON Motor Bikes Limited, the authorised manufacturer and distributor of Suzuki motorcycles in Bangladesh, plans to go public.

The company signed a public listing agreement with Lion City Advisory Limited as its adviser and CBC Capital & Equity Management as its issue manager in Dhaka yesterday.

Tap here to add The Daily Star as a trusted source

Under the agreement, Lion City will provide corporate and capital market advisory services to RANCON Motor Bikes, while CBC Capital & Equity Management will manage the proposed listing.

Romo Rouf Chowdhury, managing director of RANCON Motor Bikes, and Ershad Hossain, executive director of Lion City Advisory, signed the agreement on behalf of their respective organisations.

Senior officials from RANCON Motor Bikes -- Ahsan Hakim, Farhana Karim, Imran Zaman Khan and Abu Jafar Siddique -- attended the signing ceremony, according to a press release.

Abdullah Al Faisal and other officials represented Lion City Advisory, while Rabiul Hossain represented CBC Capital & Equity Management.

The proposed listing marks a step in the company’s efforts to access the capital market and broaden its participation in Bangladesh’s financial ecosystem.

“It is a good company; this type of company should come to the market,” said Lion City’s executive director.

“As the motorcycle industry is growing, investors will love to have a share of the company,” he said, adding, “We are eagerly waiting for direct listing rules.”

After two consecutive years of contraction, annual motorcycle sales rose to 466,858 units in 2025, up 19 percent from 392,130 units the previous year, according to compiled data.

The rebound followed a sharp 35 percent decline in 2023, when economic uncertainty and political instability disrupted demand. Despite the recovery, the industry remains short of its all-time high of 604,479 units sold in 2022.

Within the revived market, Japanese brands were the primary beneficiaries. Suzuki led overall sales with 93,838 units, securing a 20.1 percent share, followed by Yamaha with 19.7 percent and Honda with 17.8 percent.