Book Running Lead Manager (BRLM)

A Book Running Lead Manager (BRLM) is the investment bank or merchant banker appointed by a company to manage and coordinate an Initial Public Offering (IPO) or a Follow-on Public Offering (FPO). The BRLM is responsible for conducting due diligence, preparing the Draft Red Herring Prospectus (DRHP), determining the price band in consultation with the issuer, marketing the IPO through roadshows, building the order book, and coordinating the allotment process. SEBI-registered BRLMs are accountable for ensuring regulatory compliance and accurate disclosures in the offer documents.