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<h1>Lead Merchant Bankers' Roles in Capital Issues Defined Under SEBI Regulations 2009: Responsibilities and Compliance</h1> The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, outlines the responsibilities of lead merchant bankers in capital issues. These bankers must allocate tasks among themselves, informing the Board of the designated lead for each activity when submitting draft offer documents. Responsibilities include capital structuring, drafting offer documents, selecting agencies, marketing, and post-issue activities. A designated lead merchant banker ensures compliance with regulations and coordinates with intermediaries. In cases of under-subscription, the responsible banker must address underwriting obligations. The designated lead oversees adherence to regulatory requirements and facilitates the listing of securities.