Main Article Content
Abstract
The Primary market is most important aspect of the capital market. The investor is the backbone of the capital market. Their hard money is utilized for the development of the industrialization .Their satisfaction is the most important. The primary markets are the most important constituents of the capital market. There is more dependency on this market for raising maximum resources for capital formation and balanced and diversified industrial growth in the country. Therefore a vibrant, healthy effective and smooth functioning of this market is very crucial from the point of view of the economy.