Lead Manager or Merchant Banker plays an important role in the IPO issue and listing as they are the experts who assist the issuer company throughout the IPO journey.
Key role of Lead Manager:
- Provides strategic advise to the IPO issuer company about timing, structure and IPO pricing.
- Conduct thorough due diligence on company’s financials, business model, legal structure, etc.
- Preparing IPO offer documents and obtaining regulatory approval.
- Helps in conducting market research.
- Company valuation to determine the fair price of shares.
- Marketing the issue to institutional and retail investors, including roadshows.
- Providing post-IPO stabilization and support.
