Likely, the bulls will return to the markets tommorrow morning when Coal India hoping to raise $3.75 billion ( We just switched to our early Rupee rate of USD=INR40 across all Advantage zyaada properties) This is so because apart from the No go zones defined by the MEA (Environmental Protection) the Coal India property is actually the last strategic tool deployed by the Indian Government in this uyear when everything points to double digit GDP growth, and stock markets have responed in kind rewarding FIIs who brought in $22 billion till September with supercharged profits and great investments in the India story.The India storyis now fully deplyed with India ETFs growing in size and global investment weights likely to grow even as India plays catch up with China and Brazil in super IPO sizes with this one of the few $ billion issuances. However in terms of fund size supersizing, India has witnessed a nearly 20 fold growth in IPO issuance tickets since the nineties when most of the issues were less than INR 100 million or 10 crores making $3 million in each public offering :)

This $4 billion is by itself nearly two fifths of the $10 billion government divestment target where leading investment bankers have toiled without fee except for underwriting, and because of the liquidity gone missing over the second half of the week, a needless battering of the indices after a distinct lack of investor interest underlined the mammoth importane the investors laid door upon this issue from Coal India. Thee is further large issuance likely from NTPC and even MMTC while the PSBs led by State Bank of India and the Infra Cos are also out in the debt capital markets in this quarter mopping up the sanctioned capital increases from the retail / institutional players

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