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 Limited104
Pantomath Capital Advisors Pvt Ltd100
Axis Capital Limited87
ICICI Securities Limited83
Aryaman Financial Services limited70
SBI Capital Markets Limited63
Hem Securities Limited60
Edelweiss Capital Limited56
JM Financial Consultants Private Limited54
Citigroup Global Markets India Private Limited49
Guiness Corporate Advisors Pvt Ltd48
Sarthi Capital Advisors Private Limited42
IIFL Holdings Limited33
IDBI Capital Market Services Limited33
BoA Merrill Lynch31
Keynote Corporate Services Ltd30
IDFC Securities Private Limited28
First Overseas Capital Limited27
Axis Bank Limited26
Morgan Stanley India Company Pvt Ltd24
Motilal Oswal Investment Advisors Pvt Ltd22
J.P. Morgan India Private Limited22
UBS Securities India Private Limited20
Gretex Corporate Services Pvt Ltd20
Almondz Global Securities Limited19
Centrum Capital Limited19
Inventure Merchant Banker Services Pvt Ltd19
Navigant Corporate Advisors Ltd18
Swastika Investmart Ltd18
Finshore Management Services Limited17
Anand Rathi Securities Limited17
Karvy Investor Services Limited17
UTI Securities Ltd16
Deutsche Equities India Private Limited16
Nomura Financial Advisory And Securities (India) Pvt Ltd16
HSBC Securities & Capital Markets Pvt Ltd15
YES Bank Limited14
HDFC Bank Limited14
Chartered Capital and Investment Limited14
Corporate Strategic Allianz Ltd13
Monarch Networth Capital Ltd13
Yes Securities (India) Limited13
Credit Suisse Securities (India) Private Limited12
IDFC Bank Limited11
SREI Capital Markets Ltd11
Ashika Capital Ltd11
Saffron Capital Advisors Private Limited10
Fedex Securities Limited10
IL&Fs Investsmart Securities Ltd9
Indian Overseas Bank9
Goldman Sachs (India) Securities Private Limited9
CLSA India Private Limited8
Corporate CapitalVentures Pvt Ltd8
Jefferies India Private Limited7
JM Morgan Stanley Private Limited7
Intensive Fiscal Services Private Limited7
SPA Capital Advisors Ltd7
Allahabad Bank5
BOB Capital Markets Limited5
Systematix Corporate Services Limited5
Vivro Financial Services Private Limited5
Arihant Capital Markets Ltd5
D and A Financial Services Private Ltd5
Beeline Broking Ltd5
Mark Corporate Advisors Private Limited5
Holani Consultants Private limited4
Choice Capital Advisors Pvt Ltd4
PNB Investment Services Ltd4
VC Corporate Advisors Pvt Ltd (VCAPL)4
PL Capital Markets Private Limited4
Comfort Securities Pvt Ltd4
Collins Stewart Inga Private Limited4
Religare Securities Ltd3
Macquarie India Advisory Services Private Limited3
Atherstone Capital Markets Limited3
Standard Chartered Securities (India) Limited3
Elara Capital (India) Private3
Spark Capital Advisors (India) Private Limited3
BNP Paribas3
Equirus Capital Private Limited3
Sobhagya Capital Options Ltd3
BCB Brokerage Private Limited3
Small Industries Development Bank of India (SIDBI)3
Fast Track Finsec Pvt Ltd3
Share India Capital Services Private Limited2
CapitalSquare Advisors Pvt. Ltd.2
IndusInd Bank Limited2
SHRENI SHARES PRIVATE LIMITED2
CKP Financial Services Private Limited2
V B Desai Financial Services Limited2
Ajcon Global Services Limited2
ITI Capital Ltd2
Haitong Securities India Private Limited2
Avendus Capital Pvt Ltd2
Ambit Private Limited2
SMC Capitals Limited2
Quintessence Enterprises Private Limited2
Indbank Merchant Banking Services Limited2
Barclays Securities (India) Private Limited2
KJMC Corporate Advisors (India) Limited2
Antique Capital Markets Pvt Ltd2
Khandwala Securities Limited2
NEXGEN Capitals Ltd2
CIL Securities Limited1
Fortune Financial Services (India) Limited1
RR Financial Consultants Limited1
A.K. Capital Services Limited1
Canara Bank Merchant Banking Division1
Basan Financial Services Limited1
Onelife Capital Advisors Pvt Ltd1
Unicon Capital Services Private Ltd1
Mehta Integrated Finance Ltd1
Investec Capital Services (India) Pvt Ltd1
Microsec Capital Ltd1
Tipsons Consultancy Services Private Limited1
First Call India Equity Advisors Private Limited1
Trust Investment Advisors Private Limited1
Asit C. Mehta Investment Interrmediates Ltd1
Khambatta Securities Limited1
Catalyst Trusteeship Limited1
Turnaround Corporate Advisors Private Limited1
BOI Merchant Bankers Ltd1
Bonanza Portfolio Limited1
Dalmia Securities Private Limited1
Inga Ventures Pvt Ltd1
Batlivala & Karani Securities India Private Limited1

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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