Merchant bankers ALSO called as issue MANAGERS, investment bankers, or lead managers help an issuer ACCESS the security market with an issuance of securities. They EVALUATE the capital needs, structure an appropriate instrument, get involved in pricing the instrument, and manage the entire issue PROCESS until the securities are issued and listed on a stock exchange. They engage other intermediaries such as registrars, brokers, bankers, underwriters and credit rating agencies in managing the issue process.

Merchant bankers also called as issue managers, investment bankers, or lead managers help an issuer access the security market with an issuance of securities. They evaluate the capital needs, structure an appropriate instrument, get involved in pricing the instrument, and manage the entire issue process until the securities are issued and listed on a stock exchange. They engage other intermediaries such as registrars, brokers, bankers, underwriters and credit rating agencies in managing the issue process.