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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
ICICI Securities Limited164
Axis Capital Limited156
Kotak Mahindra Capital Company Limited151
Jm Financial Limited116
Pantomath Capital Advisors Pvt Ltd109
Hem Securities Limited106
SBI Capital Markets Limited101
Aryaman Financial Services Limited92
Iifl Securities Ltd89
Edelweiss Financial Services Ltd73
Citigroup Global Markets India Private Limited67
First Overseas Capital Limited53
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)50
Sarthi Capital Advisors Private Limited49
Guiness Corporate Advisors Pvt Ltd47
Gretex Corporate Services Limited45
Bofa Securities India Limited44
Finshore Management Services Limited42
Fedex Securities Pvt Ltd41
Idbi Capital Market Services Limited40
Beeline Capital Advisors Pvt Ltd36
Motilal Oswal Investment Advisors Limited36
J.P. Morgan India Private Limited36
Shreni Shares Limited34
Keynote Financial Services Ltd33
Nomura Financial Advisory And Securities (India) Pvt Ltd31
Inventure Merchant Banker Services Pvt Ltd29
Morgan Stanley India Company Pvt Ltd29
Axis Bank Limited27
Hdfc Bank Limited27
Swastika Investmart Ltd26
GYR Capital Advisors Private Limited23
Credit Suisse Securities (India) Private Limited23
Navigant Corporate Advisors Ltd22
Equirus Capital Private Limited22
Corporate Capitalventures Pvt Ltd22
Anand Rathi Securities Limited22
Centrum Capital Limited21
Hsbc Securities & Capital Markets Pvt Ltd20
Ubs Securities India Private Limited19
Almondz Global Securities Limited19
Yes Securities (India) Limited18
Jefferies India Private Limited18
Unistone Capital Pvt Ltd17
Karvy Investor Services Limited17
Interactive Financial Services Ltd17
Clsa India Private Limited16
Uti Securities Ltd16
Monarch Networth Capital Ltd16
Beeline Broking Ltd15
Deutsche Equities India Private Limited15
Chartered Capital And Investment Limited14
Yes Bank Limited14
Ambit Private Limited13
Idfc Bank Limited13
Holani Consultants Private Limited13
Corporate Strategic Allianz Ltd13
Intensive Fiscal Services Private Limited12
Saffron Capital Advisors Private Limited12
Bob Capital Markets Limited12
Share India Capital Services Private Limited12
Goldman Sachs (India) Securities Private Limited12
Ashika Capital Ltd11
Srei Capital Markets Ltd11
Fast Track Finsec Pvt Ltd10
Khambatta Securities Limited9
Systematix Corporate Services Limited9
Narnolia Financial Services Ltd9
Nuvama Wealth Management Limited9
Mark Corporate Advisors Private Limited9
Indian Overseas Bank9
Expert Global Consultants Private Limited8
Il&Fs Investsmart Securities Ltd8
Bnp Paribas8
Indorient Financial Services Ltd7
Arihant Capital Markets Ltd7
Spa Capital Advisors Ltd7
Isk Advisors Pvt Ltd7
Jm Morgan Stanley Private Limited7
Choice Capital Advisors Pvt Ltd6
Vivro Financial Services Private Limited6
Elara Capital (India) Private Limited6
Swaraj shares and securities private limited6
D And A Financial Services Private Ltd5
Pnb Investment Services Ltd5
Khandwala Securities Limited5
Iti Capital Ltd5
Allahabad Bank5
Haitong Securities India Private Limited4
Horizon Management Private Limited4
Vc Corporate Advisors Pvt Ltd (Vcapl)4
Collins Stewart Inga Private Limited4
Comfort Securities Pvt Ltd3
Affinity Global Capital Market Private Limited3
Standard Chartered Securities (India) Limited3
Indusind Bank Limited3
Spark Capital Advisors (India) Private Limited3
Small Industries Development Bank Of India (Sidbi)3
Atherstone Capital Markets Limited3
Sobhagya Capital Options Ltd3
Macquarie India Advisory Services Private Limited3
Emkay Global Financial Services Ltd3
Pl Capital Markets Private Limited3
Capitalsquare Advisors Private Limited3
Smc Capitals Limited3
Turnaround Corporate Advisors Private Limited3
Religare Securities Ltd3
Bcb Brokerage Private Limited3
Inga Ventures Pvt Ltd3
V B Desai Financial Services Limited2
Srujan Alpha Capital Advisors Llp2
Kjmc Corporate Advisors (India) Limited2
Boi Merchant Bankers Ltd2
Avendus Capital Pvt Ltd2
Batlivala & Karani Securities India Private Limited2
Sun Capital Advisory Services (P) Ltd2
Barclays Securities (India) Private Limited2
Bajaj Capital Limited2
Indbank Merchant Banking Services Limited2
Nexgen Capitals Ltd2
Antique Capital Markets Pvt Ltd2
Quintessence Enterprises Private Limited2
Ckp Financial Services Private Limited2
Oneview Corporate Advisors Private Limited2
Ajcon Global Services Limited2
Unicon Capital Services Private Ltd1
Bonanza Portfolio Limited1
Basan Financial Services Limited1
Microsec Capital Ltd1
Incred Capital Financial Services Pvt Ltd1
Mirae Asset Capital Markets (India) Private Limited1
Tipsons Consultancy Services Private Limited1
Galactico Cprporate Service Ltd1
A.K. Capital Services Limited1
First Call India Equity Advisors Private Limited1
Corpwis Advisors Private Limited1
Rr Financial Consultants Limited1
Mehta Integrated Finance Ltd1
Fortune Financial Services (India) Limited1
Canara Bank Merchant Banking Division1
Investec Capital Services (India) Pvt Ltd1
Sundae Capital Advisors1
Asit C. Mehta Investment Interrmediates Ltd1
Chartered Finance Management Ltd1
Cil Securities Limited1
Nirbhay Capital Services Private Limited1
Onelife Capital Advisors Pvt Ltd1
Sumedha Fiscal Services Limited0
Skp Securities Limited0
Pioneer Investcorp Limited0
Trust Investment Advisors Private Limited0
Corporate Professionals Capital Private Ltd0
Akasam Consulting Private Limited0
Catalyst Trusteeship Limited0
Dalmia Securities Private Limited0
Kunvarji Finstock Pvt Ltd0
PhillipCapital India Private Limited0
Ernst & Young Merchant Banking Services Llp0
Master Capital Services Limited0
InCred Capital Wealth Portfolio Managers Private Limited0
Horizon Financial Pvt Ltd0
Prime Securities Limited0

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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