Public Issues by Private Corporate Sector

N Lalitha This paper presents a detailed account of the status of stock market in India and the policies of the government of India that have had a bearing on the public issues of securities during the 1980s and early 1990s. All public issues by the private corporate sector in 1988 are analysed to identify the relationship between the different sources of funds, industrial categories affirms, firms classified by paid-up capital, size of the issue and the age of the firm. The paper argues that there is a need for financial innovations in terms of new instruments to pronmote the equity cult which will help mobilise funds from rural and semi-urban areas that have not yet been tapped adequately.