Hi Mr Dinesh,
The registrar of the IPO is responsible for allotment process. Responsibility of a registrar for an IPO is mainly involves processing of IPO applications, allocate shares to applicants based on SEBI guidelines, process refunds through ECS or cheque and transfer allocated shares to investors Demat accounts.
The lead manager does end to end IPO work. Since the company start thinking about IPO till the listing of the IPO. Their main responsibilities are to initiate the IPO processing, help company in road shows, creating draft offer document and get it approve by SEBI and stock exchanges and helping company to list shares at stock market.
Hope this help.
Thank you,
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