You are on page 1of 8

Financial

Financial
System
System

Financial
Financial
Securities market
Securities market
intermediaries
intermediaries
Indian Financial Markets

Indian Financial
Markets

Government
Money market Capital market Derivatives market
securities market
Capital Market

Capital market

Debt market Equity market

Primary mkt Secondary mkt Primary mkt Secondary mkt


Residual claim

Sales Suppliers
Raw mat expenses Employees
Wages and salaries Services
Energy exp
EBDIT
Capital
Dep charge
EBIT
Int Lenders
EBT
Tax Govt
EAT

Equity
holders
Primary market
• A security can trade only once in the primary
market.
• It is also called the market for public issues.
• Primary market creates long term
instruments through which companies raise
capital.
Types of issues
• Initial Public Offer
• Follow on Public Offer
• Rights Issue
• Private Placement
• Preferential Issues
From the markets
Company Name: DLF LIMITED
Type of Issue: Bookbuilt
Issue Dates

Issue Opens Issue Closes


11-06-07 14-06-07

Total Issue Size : 175000000 (Number of Shares)

Price Bands

Lower Price Band (Rs) Upper Price Band (Rs) Total Amount (Rs)
500 550 9625

Issue Allocation

QIB Non-Institutional Retail


104400000 17400000 52200000
Secondary market

• A secondary market is a market for previously


issued securities.
• The issuing firm is not directly affected by
transactions in the secondary markets.

You might also like