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The Primary Market for Securities
The primary market for securities

As mentioned earlier, the primary market and the secondary market both are the market for securities. While the former is concerned with raising of funds through the issue of new securities, the latter helps generate liquidity and price level for securities. However, both of them are complementary to each other. The primary market is discussed in the present chapter followed by the discussion of the secondary market in the next chapter. The Indian companies are now making use of the international primary capital market for the raising of funds but this aspect will be discussed in the subsequent part of the book dealing with the internationalisation of capital market.

Features of Primary Market

In the primary market, the ...

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