Market is a place where buying and selling takes place. There are two types of Market. 1. Primary Market eg. vegetable / fruit market. 2. Secondary Market : eg. Stock market. Stock market is the place where buying and selling of stocks takes place. The role of SEBI is to regulate the stock exchange. An IPO is nothing but Initial public offer which is the offer made by a company to raise capital. A person who holds a share in a company is called the share holder and the person/company who promotes the share is called a promoter. Every share in an IPO has a value known as the face value which depends on the number of shares issued by the company. Management of the company decides whether to issue bonus to its shareholders.

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