Frequently Asked Questions
DAM Capital Advisors Limited, as a lead manager, is a SEBI-registered merchant banker appointed by a company to plan, manage, and execute its IPO. They are responsible for ensuring the IPO follows all regulations and reaches investors smoothly.
The Lead Manager, like DAM Capital Advisors Limited, plays a key role in an IPO by structuring the issue, ensuring SEBI compliance, marketing the IPO to investors, and managing the entire process from filing to stock market listing.
In India, an IPO cannot be launched without appointing a SEBI-registered Lead Manager, like DAM Capital Advisors Limited.
DAM Capital Advisors Limited , as the Lead Manager, is responsible for preparing the IPO prospectus (DRHP and RHP), conducting due diligence on the company, assisting in deciding the price band, and marketing the IPO to both institutional and retail investors.
It also oversees the subscription process, share allotment, and final listing on the stock exchange.
DAM Capital Advisors Limited as a lead manager, only recommends the price band after analysing the company’s financials, industry valuations, and market conditions. The final decision is taken jointly with the company.
The Lead Manager ensures accurate and transparent disclosures, clear communication of risks to investors, and full compliance with SEBI regulations.
Here, DAM Capital Advisors Limited, as the lead manager, also helps maintain a fair and orderly IPO process and is legally accountable for any misleading or incorrect information provided in the offer documents.
Yes. Mainboard IPOs often appoint multiple Lead Managers due to large issue sizes. SME IPOs appoint one Lead Manager.
A Book Running Lead Manager (BRLM) is the main Lead Manager who oversees the book-building process, collects bids from investors, and plays a crucial role in price discovery and share allocation during the IPO.
A reputed Lead Manager can improve investor confidence, attract institutional participation, and signal better due diligence. However, it does not guarantee listing gains or returns.
The Lead Manager’s name is disclosed in the IPO Prospectus (DRHP/RHP) and advertisements, BSE and NSE websites. For example, here the DAM Capital Advisors Limited acts as a lead manager, and you can check its details above.
No. After listing, the share price depends on Market demand and supply, Company performance and Overall market conditions. The Lead Manager’s role largely ends after listing.
Both play different but equally important roles. The Lead Manager manages and markets the IPO, pricing, and compliance, while the Registrar processes applications, allotment, refunds, and investor records.
No. A Lead Manager ensures a smooth and transparent IPO process, but listing gains depend on valuation, demand, and market sentiment.
Yes. In SME IPOs, the Lead Manager often also coordinates market making, which helps improve liquidity after listing. However, the choice of lead manager can be decided by the company.
Retail investors may look at the Number of IPOs handled, Experience in Mainboard or SME IPOs and Overall track record of the lead manager. This helps retail investors to assess credibility, not profitability.