IPO Coal India Ltd

Deutsche Bank: Deutsche Bank, HSBC and ICICI Securities have won joint book-runner roles, the people added, declining to be identified as the information is not public, according to Euro News. Vodafone is likely to launch the IPO early next year, they said. The IPO is expected to raise between $2 billion–$2.5 billion, Reuters previously reported, which, at the upper end, would make it India biggest stock market listing since state-owned Coal India Ltd raised $3.5 billion in 2010. The deal offers a rare opportunity for international banks in a market where equity capital raisings worth more than $1 billion are uncommon and where stock underwriting fees are amongst the lowest in the world. IFR, a Thomson Reuters publication, said in a report the IPO is expected to raise $2 billion-$3 billion. Vodafone said in November it had started preparations for floating its Indian subsidiary. (news.financializer.com). As reported in the news.