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of <h1>Lead Managers Must Oversee Issue Process, Address Investor Grievances, and Report Misconduct to SEBI Under Regulations.</h1> The lead manager(s) of an issue are responsible for overseeing the entire process until completion and addressing any related matters afterward. They must monitor investor grievance redressal, ensure applicants receive securities or refunds, and coordinate with registrars and intermediaries to manage application processing and securities allocation. They must report any intermediary misconduct to the Securities and Exchange Board of India (SEBI). In cases of underwriting devolvement, lead manager(s) must issue notices within ten days post-issue closure and report any underwriters' failures in meeting obligations to SEBI, following the specified format.
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