What is the role of Lead Managers in an IPO?
Lead managers are independent financial institution appointed by the company going public. Companies appoint more then one lead manager to manage big IPO’s. They are known as Book Running Lead Manager and Co Book Running Lead Managers.
Their main responsibilities are to initiate the IPO processing, help company in road shows, creating draft offer document and get it approve by SEBI and stock exchanges and helping company to list shares at stock market.