FACTBOX - Top equity capital market bookrunner fees
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Twenty banks in India will make their pitch this week to be among up to six chosen institutions for a role in the $2.7 billion initial public offering by state-run Coal India, the world's largest coal miner.
India plans to sell stakes in about 60 state-run firms over the next few years to help it bridge its fiscal deficit.
Below are details on top ECM bookrunners in India this year based on fees generated as of April 29.
MANAGER FEES*($mln) RANK MKT SHARE NO. of ISSUES 2009 RANK
UBS 10.4 1 11.8 5 9
Citi 10.0 2 11.4 7 2
Kotak 9.7 3 11.0 10 4
Enam 8.0 4 9.0 7 6
SBI Cap 4.9 5 5.5 6 7
StanChart 4.7 6 5.3 2 -
BofA-ML 4.1 7 4.6 5 10
ICICI 3.3 8 3.7 6 -
M Stanley 3.0 9 3.4 4 1
Edelweiss 2.9 10 3.3 5 -
* Fees are based on Freeman Imputed Fees
- Outside top 10
(Source: Thomson Reuters/Freeman & Co)
(Reporting by Sumeet Chatterjee; Editing by Lincoln Feast)
(For more business news on Reuters Money visit http://www.reutersmoney.in)
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