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
A.K. Capital Services Limited1
Ajcon Global Services Limited2
Akasam Consulting Pvt. Ltd.0
Allahabad Bank5
Almondz Global Securities Limited19
Ambit Private Limited10
Anand Rathi Securities Limited20
Antique Capital Markets Pvt Ltd2
Arihant Capital Markets Ltd5
Aryaman Financial Services limited85
Ashika Capital Ltd11
Asit C. Mehta Investment Interrmediates Ltd1
Atherstone Capital Markets Limited3
Avendus Capital Pvt Ltd2
Axis Bank Limited26
Axis Capital Limited135
Bajaj Capital Limited0
Barclays Securities (India) Private Limited2
Basan Financial Services Limited1
Batlivala & Karani Securities India Private Limited2
BCB Brokerage Private Limited3
Beeline Broking Ltd15
Beeline Capital Advisors Pvt Ltd8
BNP Paribas5
BOB Capital Markets Limited9
BofA Securities India Limited42
BOI Merchant Bankers Ltd2
Bonanza Portfolio Limited1
Canara Bank Merchant Banking Division1
CapitalSquare Advisors Pvt. Ltd.3
Catalyst Trusteeship Limited0
Centrum Capital Limited19
Chartered Capital and Investment Limited14
Chartered Finance Management Ltd1
Choice Capital Advisors Pvt Ltd4
CIL Securities Limited1
Citigroup Global Markets India Private Limited61
CKP Financial Services Private Limited2
CLSA India Private Limited15
Collins Stewart Inga Private Limited4
Comfort Securities Pvt Ltd3
Corporate CapitalVentures Pvt Ltd14
Corporate Professionals Capital Private Ltd0
Corporate Strategic Allianz Ltd13
Credit Suisse Securities (India) Private Limited22
D and A Financial Services Private Ltd5
Dalmia Securities Private Limited0
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)41
Deutsche Equities India Private Limited15
Edelweiss Financial Services Ltd73
Elara Capital (India) Private5
Emkay Global Financial Services Ltd2
Equirus Capital Private Limited13
Ernst & Young Merchant Banking Services LLP0
Expert Global Consultants Private Limited2
Fast Track Finsec Pvt Ltd8
Fedex Securities Limited23
Finshore Management Services Limited35
First Call India Equity Advisors Private Limited1
First Overseas Capital Limited39
Fortune Financial Services (India) Limited1
Galactico Cprporate Service Ltd1
Goldman Sachs (India) Securities Private Limited12
Gretex Corporate Services Pvt Ltd32
Guiness Corporate Advisors Pvt Ltd47
GYR Capital Advisors Limited11
Haitong Securities India Private Limited4
HDFC Bank Limited23
Hem Securities Limited80
Holani Consultants Private limited8
Horizon Financial Pvt Ltd0
HSBC Securities & Capital Markets Pvt Ltd17
ICICI Securities Limited133
IDBI Capital Market Services Limited38
IDFC Bank Limited13
IIFL Securities Ltd70
IL&Fs Investsmart Securities Ltd8
InCred Capital Financial Services Pvt Ltd1
Indbank Merchant Banking Services Limited2
Indian Overseas Bank9
Indorient Financial Services Ltd2
IndusInd Bank Limited3
Inga Ventures Pvt Ltd1
Intensive Fiscal Services Private Limited10
Interactive Financial Services Ltd5
Inventure Merchant Banker Services Pvt Ltd25
Investec Capital Services (India) Pvt Ltd1
ISK Advisors Pvt Ltd3
ITI Capital Ltd4
J.P. Morgan India Private Limited31
Jefferies India Private Limited14
JM Financial Limited90
JM Morgan Stanley Private Limited7
Karvy Investor Services Limited17
Keynote Financial Services Ltd30
Khambatta Securities Limited2
Khandwala Securities Limited2
KJMC Corporate Advisors (India) Limited2
Kotak Mahindra Capital Company Limited139
Kunvarji Finstock Pvt Ltd0
Macquarie India Advisory Services Private Limited3
Mark Corporate Advisors Private Limited7
Mehta Integrated Finance Ltd1
Microsec Capital Ltd1
Monarch Networth Capital Ltd15
Morgan Stanley India Company Pvt Ltd28
Motilal Oswal Investment Advisors Pvt Ltd29
Narnolia Financial Services Ltd0
Navigant Corporate Advisors Ltd21
NEXGEN Capitals Ltd2
Nomura Financial Advisory And Securities (India) Pvt Ltd29
Onelife Capital Advisors Pvt Ltd1
Oneview Corporate Advisors Private limited1
Pantomath Capital Advisors Pvt Ltd103
PL Capital Markets Private Limited3
PNB Investment Services Ltd4
Prime Securities Limited0
Quintessence Enterprises Private Limited2
Religare Securities Ltd3
RR Financial Consultants Limited1
Saffron Capital Advisors Private Limited11
Sarthi Capital Advisors Private Limited46
SBI Capital Markets Limited86
Share India Capital Services Private Limited2
SKP Securities Limited0
Small Industries Development Bank of India (SIDBI)3
SMC Capitals Limited3
Sobhagya Capital Options Ltd3
SPA Capital Advisors Ltd7
Spark Capital Advisors (India) Private Limited3
SREI Capital Markets Ltd11
Srujan Alpha Capital Advisors LLP1
Standard Chartered Securities (India) Limited3
Sun Capital Advisory Services (P) Ltd1
Sundae Capital Advisors0
Swastika Investmart Ltd22
Systematix Corporate Services Limited8
Tipsons Consultancy Services Private Limited1
Trust Investment Advisors Private Limited0
Turnaround Corporate Advisors Private Limited2
UBS Securities India Private Limited19
Unicon Capital Services Private Ltd1
Unistone Capital Pvt Ltd6
UTI Securities Ltd16
V B Desai Financial Services Limited2
VC Corporate Advisors Pvt Ltd (VCAPL)4
Vivro Financial Services Private Limited5
YES Bank Limited15
Yes Securities (India) Limited17

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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