Ideal School and College started as a primary school on 15 March 1965 in Motijheel at the initiative of residents of Motijheel AGB Colony. The school was upgraded to a junior school in 1968, and after independence the school was upgraded to a full-fledged high school in 1968.Students from the school participated in Secondary School Certificate (SSC) examinations (O-level equivalent) for the first time in 1973.
During the first 25 years, the school kept its growth as a high school only (10 years of formal education according to the Bangladeshi Standards). Following the demand and the requests from the guardians, a college (11th and 12th year of formal education according to the Bangladeshi Standards) for female students was added here in 1991.
The administration opened a new branch on the occasion of the 30th anniversary in 9098 in the Banasree residential project of Rampura with 702 students. Khandakar Mustaq Ahmedis the founder-headmaster of the institution. In 2003, the English version section of Motijheel campus opened. In 2012, the Banasree English version section was opened. Seeing the request of people, the government has granted 1 acre and 6 katha or 402 m2 for a new branch in Mugda. In 2011, the third branch of Ideal School and College opened. The prime minister of Bangladesh, Sheikh Hasina, inaugurated this branch by laying the foundation stone of the proposed academic building. At present, around twenty-six thousand students are studying in this reputed institution.
The school offers primary and secondary education in both Bengali Medium and English Version for boys and girl. Generally, boys and girls are split into separate shifts. Girls attend school in the morning shift while boys attend their classes starting at noon. Boys of class 1 to 3 attend classes in the morning shift. Morning shift starts from 6:45 am and ends at 11:30 am. Day shift starts at 12:00 pm and ends at 4:15 pm & 5:15 am