Follow the ₹5,000
Your money went to whoever sold you those ten shares — another investor, somewhere, who decided they would rather hold cash. The exchange matched you. The shares moved to your , the money moved to theirs.
Bharat Foods was not a party to that trade. It was not asked, it was not paid, and its accounts did not change by one rupee.
Two lanes, one company
The top lane happened once, in 2019. The bottom lane has happened every trading day since.
The company appears in both lanes, but it is only holding out a hand in one of them.
After the issue, the share market is a market in second-hand shares.
Then why does the company care about the price?
Because the price is the terms on which it can raise money next. A company trading at ₹500 that needs ₹50 crore issues one lakh shares. At ₹250 it must issue two lakh — the same money, twice the dilution.
The price also sets what employee shares are worth, what an acquirer would have to pay, and what lenders think of the collateral. None of that is cash arriving. All of it is consequence.
No — the secondary market is what makes the primary market possible. Nobody would fund a business at issue if they could never sell. Your willingness to buy today is what allowed someone to invest in 2019.
You buy ₹1 crore of a company's shares on the exchange. What does the company receive?
That daily market only exists because the shares are admitted to it. Admission can be granted, paused, or taken away.