Mulya –Intra TAPMI Case Study Contest

Mulya is a Finance Case Analysis Competition, organized by the Finance Forum at TAPMI, which focused on the business acumen of students towards fund raising in primary markets and assessed their strategic thinking.

In Mulya ’10, eight teams participated and among them three teams were selected for the final round where each of the three teams had to present their case analysis to the jury panel consisting of Mr. Shiva Iyer –  Executive Director and COO, JP Morgan Chase and Prof. Sunil K. Parameswaran – CEO, Tarheel Consultancy Services and visiting faculty at TAPMI.

Teams who managed to qualify for final rounds consisted of:

Team 1: Mr. Ravi S (PGP-2) and Mr. Anupam Chaplot (PGP-2)

Team 2: Mr. Sashank Shah (PGP-2) and Ms. Ruchi Gupta (PGP-2)

Team 3: Ms. Srividya Shankar (PGP-2) and Ms. Priya Ramanathan (PGP-2)

Mulya – Intra TAPMI Finance Case Study competition

One of the teams used the research paper – Timing of IPO: Real Option Approach by Jason Draho and various theories on timing of IPO like Loss Aversion and Mental Accounting. They also identified psychographic variable as one of the important factors which plays a major role in the decision of launching and timing of an IPO. Some of the teams used EIC framework (Economy, Industry and Company) to analyze the case, identified pros and cons of going public and for the timing of the IPO and did valuation to find the issue price of the IPO.

Mr. Iyer gave his input on the case by adding that the domestic and overseas institutional investors also play a major role in pricing and timing of an IPO. He also said that underwriting of an IPO in the Indian market is not very active and many of the investment banks offer only soft underwriting over hard underwriting.

He appreciated all the teams for their detailed analysis and then took the audience through the IPO process. He also shared his experience of launching a company’s IPO in India where he exposed students to the various practical aspects the equity raising process. Overall it was a good learning experience for all the teams that participated and the students of TAPMI.

– Finance Forum

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10 Life Lessons from a Nomad Banker

Mr. Shiva Iyer, Executive Director and Chief Operating Officer, JP Morgan Chase Bank Global Emerging markets – India visited TAPMI on 25th September. Mr. Iyer shared his life experiences in the form of ten lessons, with the students of TAPMI, about which he thinks every MBA student should know at their young age when they are still in college.    

The Bloomberg screen shown by Mr. Shiva Iyer

He also demonstrated to the students of TAPMI various operations that can be performed using Bloomberg screen like watching for any stock traded on any of the exchanges in the world, currency trading, using technical analysis for any security, details about any organization, finding a place to dine-in and what not. This was also a great learning session for the students of TAPMI in terms of lessons from a life of nomad banker. Lessons which Mr. Iyer shared were  

  1.  Believe in yourself
  2.  No substitute for hard work
  3.  Persistence
  4.  Managing human relationship is important
  5.  Personal Grooming
  6. Memory for details
  7. Boss likes a clone
  8. Good and bad cycles happen to everyone
  9. Always have a good intention but be alert
  10. Three books which Mr. Iyer wished he would have read when he was young
    • Sri Chankya Niti-Shatra
    • Art of War by Sun Tzu
    • The Prince by Niccolo Machiavelli

During the interactive session Mr. Iyer answered queries of the students regarding their career options in the finance field and also discussed issues related to the banking industry, emergence of microfinance as a industry and bond market in the Indian scenario.  It was indeed an enriching experience for the students.