298703395-Project-Report-Primary-Market-Investors-Views-pdf.pdf

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PROJECT REPORT ON INVESTOR ATTITUDE TOWARDS PRIMARY MARET

IN T!E PARTISA" #U""#I""M ENT O# RE$UIRMENT #OR T!E AWARD O# DE%REE IN M.&.A. 'MASTER O# &USINESS ADMINISTRATION(

SUBMITTED TO

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SUBMITTED BY

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A&STRACT

Being a student of Master of Business Administration course research projects are essential exercise and eer! student of  professional studies is compulsor! to go through these t!pe of project to find out the exposure of corporate "orld and its da!#to#da! d!namic characteristics$ It is of paramount importance that apart from theoretical %no"ledge& one must o'tain some practical %no"ledge$ Specific aim& of this sure! report is to proide an opportunit! to management student to hae some exposure in real 'usiness "orld$ As "e %no" that in toda!(s corporate scenario& primar! mar%et is ta%ing place er! fre)uentl! for the sa%e of inestment * earn good return$ This thing made me interested in this topic to find out the attitude of inestors to"ards primar! mar%et$ +inall!& I "ould sa! that this "or% gae me an opportunit! to expose and exploit m! s%ills to the maximum and reall! it "as a nice and an educating experience$ ,hich help me to %no" some alua'le acts$ Its completion has proided me immense satisfaction$ www.allprojectreports.com

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INTRODUCTION

The past t"ent! fie !ears hae "itnessed a process of accelerating change in the "orld(s financial mar%ets$ Drien '! an interacting process of li'erali-ation and innoation& regulations hae 'een remoed& .e" product hae emerged and old 'oundaries 'et"een financial intermediaries hae  'een 'lurred$ At the same time& gro"th of capital mar%ets hae posed ne" challenges to economic and financial sta'ilit!$ The role of Indian capital mar%et "hich is to proide long term resources re)uired '! industries for inestment has o'sered 'uo!anc! in share mar%et "ith the li'erali-ation of industries and fiscal policies of the goernment$ +inance& the lie 'lood of industr! is mo'ili-ed especiall! through .e" Issue Mar%et or /rimar! Mar%et$  Meaning of Primary Market :

 .e" Issues Mar%et is that part of capital mar%et "here dealing exchanges ta%es the 'oundaries de#mar%eting the financial serices are fast

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eroding$ Than%s to the innoations in the financial serices& the moement to"ards made '! existing companies are %no"n as further issues$ Functions of new Issue Market:

 .e" issue mar%et pla!s a ital role in mo'ili-ing the under the concept has 'een in the minds of man! philophers& it could not materiali-e due to 'arriers ha "ere inherent in the s!stem$ In the past& if speciali-ing in one form of product or serices "as the norm& then has 'een transformed into ho" "ider is the product range that a particular financial institution can offer saer is to 'orro"s can 'e split into three distinct serices$ i0

Origination:

Inestigation anal!sis and processing of ne" the eolution of inter connected financial serices& more and more financial institutions are forced to agencies and act as sponsors of issues$ ii)

Underwriting :

The success of issue is guaranteed '! second speciali-ed perhaps a decade ago& majorit! of the financial institutions "ould not hae dream a'out integrating the t"o 'ig areas to create 'ancassurance$ iii)

Distribution :

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The sale of securities to the ultimate inestors is called and come out "ith a strateg! that "ould 'e 'eneficial for 'oth of them$ ,hile the concept of 'ancassurance is not a ne" one in Europe and the other deeloping countries contact "ith the ultimate inestors$

PRO&"EMS O# T!E NEW ISSUE MARET The euphoria generated '! the li'erali-ation of econom! 'ill that "as  passed '! /arliament on changed the "hole mar%et scenario pla!ers are actie in esta'lishing themseles in the Indian insurance mar%et$ Indian /la!ers are in no less hurr!$ 1uriousl! pu'lic sector 'an%s and financial institutions are e)uall! enthusiastic in gra''ing the ne" 'usiness opportunities in his entire scram'le& consumer appears to hae emerged as the sole "inner for he can& henceforth hae a plehora of choices to exercise as a result of this fee or all atmosphere$ The ne" issue mar%et could not mo'ili-e ade)uate saings of the  pu'lic as onl! 2 percent of the financial saings of the household sector are mo'ili-ed for inestment in shares and de'entures$ It "ill 'e pertinent to summaries 'riefl! the main pro'lems of the ne" issue mar%et here$

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i0

The ne" issue mar%et suffers from functional and institutional gaps can 'e segmented 'roadl! into t"o t!pes Indian /la!ers are in no less hurr!$ 1uriousl! pu'lic sector 'an%s and financial institutions are e)uall! enthusiastic in gra''ing the ne" 'usiness opportunities deelop in India and merchant 'an%ing is in its inefficac!$

ii0

,ith a ris% aersion in the ne" issue mar%et& funds are dierted  'an%s and insurance in his entire scram'le& consumer appears to "ith the companies$

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REVIEW O# "ITERATURE /erformance of I/O has 'een "ell researched oer a long period of time through the "orld$ 3eill! and 4atfield 567870 reported under pricing to the extent of 669 from their stud! of the I/Os in US during the period 678:#8; Su'se)uentl! I''otson 567