IPO Lead Managers

IPO Lead Managers are SEBI registered independent financial institutions appointed by the companies to help them with raising funds through IPO and getting listed at stock exchanges.

Lead manager manages the IPO process end to end. Some of their responsibilities include initiating the IPO processing, creating DRHP & RHP, getting offer documents approved from SEBI and exchanges and helping the company shares to get listed in the stock exchanges. IPO Lead Managers are also known as Book Running Lead Manager or BRLM.

IPO Lead Managers

Lead Manager IPO
Kotak Mahindra Capital Company Limited121
UBS Securities India Private Limited21
Deutsche Equities India Private Limited16
ICICI Securities Limited106
JM Financial Consultants Private Limited71
J.P. Morgan India Private Limited27
Macquarie India Advisory Services Private Limited3
SBI Capital Markets Limited79
BoA Merrill Lynch35
Citigroup Global Markets India Private Limited56
Keynote Financial Services Ltd30
Almondz Global Securities Limited19
Saffron Capital Advisors Private Limited10
Allahabad Bank5
Motilal Oswal Investment Advisors Pvt Ltd24
SPA Capital Advisors Ltd7
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)33
Morgan Stanley India Company Pvt Ltd27
Edelweiss Financial Services Ltd65
Ashika Capital Ltd11
Anand Rathi Securities Limited17
Intensive Fiscal Services Private Limited8
SREI Capital Markets Ltd11
Centrum Capital Limited19
IL&Fs Investsmart Securities Ltd9
Religare Securities Ltd3
Axis Bank Limited26
Collins Stewart Inga Private Limited4
UTI Securities Ltd16
NEXGEN Capitals Ltd2
IDBI Capital Market Services Limited36
BOB Capital Markets Limited8
Chartered Capital and Investment Limited14
Karvy Investor Services Limited17
CIL Securities Limited1
Khandwala Securities Limited2
Fortune Financial Services (India) Limited1
YES Bank Limited14
RR Financial Consultants Limited1
Systematix Corporate Services Limited5
Vivro Financial Services Private Limited5
JM Morgan Stanley Private Limited7
A.K. Capital Services Limited1
PL Capital Markets Private Limited4
HSBC Securities & Capital Markets Pvt Ltd18
Antique Capital Markets Pvt Ltd2
IIFL Holdings Limited47
Nomura Financial Advisory And Securities (India) Pvt Ltd23
Comfort Securities Pvt Ltd4
Atherstone Capital Markets Limited3
Goldman Sachs (India) Securities Private Limited11
Hem Securities Limited63
Aryaman Financial Services limited76
Standard Chartered Securities (India) Limited3
Indbank Merchant Banking Services Limited2
D and A Financial Services Private Ltd5
HDFC Bank Limited18
Onelife Capital Advisors Pvt Ltd1
Avendus Capital Pvt Ltd2
Indian Overseas Bank9
Arihant Capital Markets Ltd5
Corporate Strategic Allianz Ltd13
PNB Investment Services Ltd4
VC Corporate Advisors Pvt Ltd (VCAPL)4
Inventure Merchant Banker Services Pvt Ltd21
Barclays Securities (India) Private Limited2
Guiness Corporate Advisors Pvt Ltd48
KJMC Corporate Advisors (India) Limited2
Canara Bank Merchant Banking Division1
Basan Financial Services Limited1
Sarthi Capital Advisors Private Limited42
Unicon Capital Services Private Ltd1
Pantomath Capital Advisors Pvt Ltd102
First Overseas Capital Limited28
Credit Suisse Securities (India) Private Limited16
Jefferies India Private Limited8
Axis Capital Limited111
Quintessence Enterprises Private Limited2
Choice Capital Advisors Pvt Ltd4
Elara Capital (India) Private3
Navigant Corporate Advisors Ltd20
Ambit Private Limited7
SMC Capitals Limited2
Spark Capital Advisors (India) Private Limited3
Swastika Investmart Ltd18
Gretex Corporate Services Pvt Ltd22
Mehta Integrated Finance Ltd1
V B Desai Financial Services Limited2
Sobhagya Capital Options Ltd3
BCB Brokerage Private Limited3
First Call India Equity Advisors Private Limited1
Ajcon Global Services Limited2
Tipsons Consultancy Services Private Limited1
Monarch Networth Capital Ltd13
Equirus Capital Private Limited7
IDFC Bank Limited13
Haitong Securities India Private Limited3
Yes Securities (India) Limited15
BNP Paribas3
ITI Capital Ltd3
Investec Capital Services (India) Pvt Ltd1
Microsec Capital Ltd1
Mark Corporate Advisors Private Limited6
CLSA India Private Limited11
Corporate CapitalVentures Pvt Ltd8
Fedex Securities Limited15
Small Industries Development Bank of India (SIDBI)3
Asit C. Mehta Investment Interrmediates Ltd1
Finshore Management Services Limited17
CKP Financial Services Private Limited2
Trust Investment Advisors Private Limited1
Holani Consultants Private limited5
Khambatta Securities Limited1
Catalyst Trusteeship Limited1
Turnaround Corporate Advisors Private Limited1
BOI Merchant Bankers Ltd2
Beeline Broking Ltd9
Fast Track Finsec Pvt Ltd4
Share India Capital Services Private Limited2
Bonanza Portfolio Limited1
Dalmia Securities Private Limited1
Inga Ventures Pvt Ltd1
Batlivala & Karani Securities India Private Limited2
CapitalSquare Advisors Pvt. Ltd.3
IndusInd Bank Limited2
SHRENI SHARES PRIVATE LIMITED5
Corporate Professionals Capital Private Ltd1
ISK Advisors Pvt Ltd1
Indorient Financial Services Ltd1
Unistone Capital Pvt Ltd2
Chartered Finance Management Ltd1
Galactico Cprporate Service Ltd1
Emkay Global Financial Services Ltd1
Akasam Consulting Pvt. Ltd.1
Ernst & Young Merchant Banking Services LLP1

Lead Manager

Lead managers are independent financial institutions appointed by the company going public to manage the IPO. They are the main body responsible for IPO processing.

A company planning for IPO first appoints lead managers. Lead managers examine company documents including financial documents, documents relating to litigation like commercial disputes, patent disputes, disputes with collaborators, etc. and other materials, in connection with the finalization of the draft red herring prospectus (DRHP) for the IPO.

Lead managers are responsible to get the DRHP approved by SEBI and stock exchanges. SEBI contact the lead manager for any irregularities or lapses in DRHP and ask them to clarify, add or review certain sections of the document.

Lead managers certify to SEBI that all the disclosers made in DRHP are true, correct, adequate and comply with SEBI guidelines to help investors in making a well-informed decision.

Issuer Company appoints underwriters or syndicate members with the help of lead managers. Lead managers are responsible for examining the worth of underwriters and their capabilities to buy the shares and assure the same to SEBI.

In brief Lead Manager's responsibilities include, initiate the IPO processing, write DRHP and get it to approve by SEBI, help the company in selling the IPO Shares and road shows, help the company in finalizing the issue price, issue opening & closing dates, listing date, etc.

Lead managers are also known as Book Running Lead Manager and Co-Book Running Lead Managers. Issuer company can appoint more than one lead manager to manage big IPO's. Large IPO's have as many as 10 Book Running Lead Managers.


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