This document discusses the differences between new issues and stock exchanges. It covers the functional difference in how they operate, the organizational differences in their structure, and the nature of their contribution to industrial finance. The overall purpose is to explain why new issues and stock exchanges are both needed elements in the financial system.

1. By,
Rakesh Murthy K G, CFA

2. New Issues Vs. Stock Exchange
 Functional Difference
 Organizational Difference
 Nature of Contribution to the Industrial Finance

3. Why do we need?


5. “Be the change you want to see in this world”
- Mahathma Gandhi