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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
Kotak Mahindra Capital Company Limited137
Axis Capital Limited133
ICICI Securities Limited131
Pantomath Capital Advisors Pvt Ltd102
JM Financial Limited88
SBI Capital Markets Limited85
Aryaman Financial Services limited83
Hem Securities Limited78
Edelweiss Financial Services Ltd73
IIFL Securities Ltd66
Citigroup Global Markets India Private Limited61
Guiness Corporate Advisors Pvt Ltd47
Sarthi Capital Advisors Private Limited45
BofA Securities India Limited42
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)41
First Overseas Capital Limited37
IDBI Capital Market Services Limited37
Finshore Management Services Limited34
Gretex Corporate Services Pvt Ltd32
Keynote Financial Services Ltd30
J.P. Morgan India Private Limited30
Nomura Financial Advisory And Securities (India) Pvt Ltd29
Morgan Stanley India Company Pvt Ltd28
Motilal Oswal Investment Advisors Pvt Ltd28
Axis Bank Limited26
Inventure Merchant Banker Services Pvt Ltd25
HDFC Bank Limited23
Credit Suisse Securities (India) Private Limited22
Swastika Investmart Ltd22
Fedex Securities Limited22
Navigant Corporate Advisors Ltd21
Anand Rathi Securities Limited20
UBS Securities India Private Limited19
Almondz Global Securities Limited19
Centrum Capital Limited19
Yes Securities (India) Limited18
HSBC Securities & Capital Markets Pvt Ltd17
Karvy Investor Services Limited17
UTI Securities Ltd16
SHRENI SHARES PRIVATE LIMITED16
Beeline Broking Ltd15
Deutsche Equities India Private Limited15
Monarch Networth Capital Ltd14
Chartered Capital and Investment Limited14
CLSA India Private Limited14
YES Bank Limited14
Corporate CapitalVentures Pvt Ltd13
IDFC Bank Limited13
Corporate Strategic Allianz Ltd13
Equirus Capital Private Limited13
Jefferies India Private Limited12
Goldman Sachs (India) Securities Private Limited12
Saffron Capital Advisors Private Limited11
Ashika Capital Ltd11
SREI Capital Markets Ltd11
Ambit Private Limited10
Intensive Fiscal Services Private Limited10
Indian Overseas Bank9
GYR Capital Advisors Limited9
IL&Fs Investsmart Securities Ltd8
BOB Capital Markets Limited8
Systematix Corporate Services Limited8
Fast Track Finsec Pvt Ltd8
Holani Consultants Private limited7
SPA Capital Advisors Ltd7
Mark Corporate Advisors Private Limited7
JM Morgan Stanley Private Limited7
Arihant Capital Markets Ltd5
Unistone Capital Pvt Ltd5
Vivro Financial Services Private Limited5
Elara Capital (India) Private5
Interactive Financial Services Ltd5
Allahabad Bank5
BNP Paribas5
Beeline Capital Advisors Pvt Ltd5
D and A Financial Services Private Ltd5
ITI Capital Ltd4
VC Corporate Advisors Pvt Ltd (VCAPL)4
Collins Stewart Inga Private Limited4
Haitong Securities India Private Limited4
PNB Investment Services Ltd4
Choice Capital Advisors Pvt Ltd4
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
ISK Advisors Pvt Ltd3
Macquarie India Advisory Services Private Limited3
PL Capital Markets Private Limited3
CapitalSquare Advisors Pvt. Ltd.3
SMC Capitals Limited3
Religare Securities Ltd3
BCB Brokerage Private Limited3
Comfort Securities Pvt Ltd3
Standard Chartered Securities (India) Limited3
Khandwala Securities Limited2
KJMC Corporate Advisors (India) Limited2
BOI Merchant Bankers Ltd2
Avendus Capital Pvt Ltd2
Batlivala & Karani Securities India Private Limited2
Barclays Securities (India) Private Limited2
Indbank Merchant Banking Services Limited2
Share India Capital Services Private Limited2
NEXGEN Capitals Ltd2
Antique Capital Markets Pvt Ltd2
Quintessence Enterprises Private Limited2
CKP Financial Services Private Limited2
Emkay Global Financial Services Ltd2
Ajcon Global Services Limited2
Turnaround Corporate Advisors Private Limited2
Indorient Financial Services Ltd2
V B Desai Financial Services Limited2
InCred Capital Financial Services Pvt Ltd1
Tipsons Consultancy Services Private Limited1
Galactico Cprporate Service Ltd1
Expert Global Consultants Private Limited1
A.K. Capital Services Limited1
First Call India Equity Advisors Private Limited1
Sun Capital Advisory Services (P) Ltd1
RR Financial Consultants Limited1
Mehta Integrated Finance Ltd1
Fortune Financial Services (India) Limited1
Canara Bank Merchant Banking Division1
Investec Capital Services (India) Pvt Ltd1
Asit C. Mehta Investment Interrmediates Ltd1
Chartered Finance Management Ltd1
CIL Securities Limited1
Onelife Capital Advisors Pvt Ltd1
Inga Ventures Pvt Ltd1
Khambatta Securities Limited1
Unicon Capital Services Private Ltd1
Bonanza Portfolio Limited1
Basan Financial Services Limited1
Microsec Capital Ltd1
Narnolia Financial Services Ltd0
Catalyst Trusteeship Limited0
Bajaj Capital Limited0
Dalmia Securities Private Limited0
Kunvarji Finstock Pvt Ltd0
Ernst & Young Merchant Banking Services LLP0
Sundae Capital Advisors0
Horizon Financial Pvt Ltd0
Prime Securities Limited0
Corporate Professionals Capital Private Ltd0
SKP Securities Limited0
Trust Investment Advisors Private Limited0
Akasam Consulting Pvt. Ltd.0

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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