News Report: The Hindu: 09.05.2010 Govt likely to finalise IPO managers for CIL soon. http://www.thehindu.com/businessline/blnus/14091821.htm NEW DELHI: The government is likely to appoint six merchant bankers, including the lowest bidder Citigroup, that have been shortlisted for managing the initial public offer of state-owned Coal India Ltd (CIL) within a few days, according to market sources. Sources close to the development said that the other five shortlisted bankers - Deutsche Bank, Morgan Stanley, Enam, Kotak Mahindra and DSP Merrill Lynch - are expected to match the “near-zero” fee bid of the Citigroup because of the high profile and siz e of the CIL IPO. Sources said that as against the global norm of 3-5 per cent fee that bankers charge for managing IPOs, Citigroup has bid a tiny fraction of the estimated size of the issue (around Rs 12,000 crore) so as to ensure that a commercial contract can be signed . “There has been an instance, or two, where government has r...