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Book Running Lead Manager (BRLM)

Lead manager is a financial institution who work as a lead coordinator in IPO process

Lead manager plays a very important role in an IPO's process. They draft and design the Offer documents, prospectus, statutory advertisements and memorandum containing salient features of the prospectus. They also make the various marketing strategies for the issue.

Lead manager's pre IPO activities includes Drafting and design of Offer documents, Prospectus, statutory advertisements and memorandum. Also they draws up the various marketing strategies for the issue. The post issue activities of lead manager includes coordinate non-institutional allocation, intimation of allocation and dispatch of refunds to bidders, management of escrow accounts etc.

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