TROPHY IPO

Total 16 banks shortlisted by Dipam Of this 10 bankers selected Those picked include Goldman Sachs, Kotak Mahindra Bank, ICICI Securities, JP Morgan, Citigroup

Those that missed out include HSBC, IIFL, BNP, Dam Capital

Fee pool of ~1 crore to be divided among the 10 bankers

Industry sources say banks will have to incur expenses out of pocket

Besides financial bid, track record on handling insurance IPOS considered

LIC IPO size could be over

~50,000 crore