What is the role of Lead Managers in an IPO?

You are here:
Estimated reading time: < 1 min

Lead managers are a group of the merchant or syndicate bankers hired by the company which has decided to go for an initial public offering. Usually, companies hire more than one banks for this purpose and most of the times on average 3 banks are hired by most the companies going for an IPO.

The main role of these bankers is to decide on the different things of the IPO requirements and also preparing all the document like the red hearing prospectus which are required for getting approval from SEBI and also from stock exchanges. These group also helps the company at different stages of IPO right from the opening of the issue to finalizing the basis of allotment for issuing shares to the investors.

Was this article helpful?
Dislike 1

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

Retrieve your password

Please enter your username or email address to reset your password.