Enumerate the important facilitators in the primary market issues? What is the role of Foreign Institutional Investors (FIIs) and Qualified Institutional Buyers (QIBs) in the financial markets?

Important facilitators in the primary market issues are: Three entities involved – a company, investors and underwriter. Merchant bankers to the issue or Book Running Lead Managers (BLRMs). Syndicate members. Registrar to the issue. Bankers to the issue. Underwriters to the issue. Auditors to the company. Solicitors. Foreign Institutional Investors (FIIs): An investor or investment fund investing in a country outside of the one in which it is registered or headquartered, (outside entities investing in the nation's financial market) they can include hedge funds, insurance companies, investment banks and mutual funds. As per SEBI Regulations, Foreign Institutional Investor means an institute established or incorporated outside India which proposes to make investments in India in securities. FIIs need to be registered with SEBI to invest in the Indian Equity and debt market. Qualified Institutional Buyers (QIBs): Qualified Institutional Buyers (QIBs) means Financial Institution, insurance company, bank, state Industrial development corporation etc. registered under SEBI Regulation. QIBs are those institutional investors who are generally perceived to possess expertise and the financial muscle to evaluate and invest into the capital markets. A class of investor that can safely be assumes to be a sophisticated investor and hence does not require the regulatory protection. They are institutional investors that own or manage on a discretionary basis at least 100 million USD worth of securities. Their role in the financial market is - Liquidity, Volatility, Reduction in cost of equity, Knowledge flow and improving market efficiency.