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.
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.
Add a public comment...
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading HomepageBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI HomepageNRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc