PGDM Core Subject
Investment Banking
Course Objective
Primary PO Mapping: PO1 (Mgmt Knowledge) & PO5 (Intrapreneurial Growth).Strategic Focus: Capital raising, Mergers & Acquisitions (M&A), and IPO architecture.
Mandatory Textbook: Investment Banking: Valuation, LBOs, M&A, and IPOs by Joshua Rosenbaum and Joshua Pearl.
Internal Assessment Scheme (70 Marks)
|
Components |
Marks |
Description |
Mapped CO |
|
Simulation |
20 |
The M&A Deal Room: Managing a simulated merger from valuation to closing. |
CO1, CO2 |
|
Case Study |
10 |
"The IPO Story": Analysis of a recent major Indian IPO (e.g., Zomato or LIC). |
CO3 |
|
Presentation |
10 |
"The Pitch Book": Defending a buy-side or sell-side mandate. |
CO5 |
|
Mid Term |
10 |
Internal written exam covering Modules 1 & 2. |
CO1 |
|
Project |
10 |
"LBO Modeling": Building a leveraged buyout model in Excel. |
CO2 |
|
Class Participation |
10 |
Participation in deal-structuring workshops. |
All |
20-Session Plan
|
Session |
Topic |
Pre-Reading (Rosenbaum & Pearl) |
Daily Assignment |
|
1 |
Overview of the Investment Banking Landscape |
Ch 1: Intro to IB |
|
|
2 |
Comparable Companies Analysis |
Ch 1: Comps Valuation |
A1: Sector Comps |
|
3 |
Precedent Transactions Analysis |
Ch 2: Transaction Comps |
|
|
4 |
Discounted Cash Flow (DCF) Analysis |
Ch 3: DCF Valuation |
A2: WACC Calculation |
|
5 |
Leveraged Buyouts (LBOs) Theory |
Ch 4: LBO Overview |
|
|
6 |
LBO Modeling & Capital Structure |
Ch 5: LBO Analysis |
A3: Debt Schedule |
|
7 |
Sell-side M&A Process |
Ch 6: Sell-side M&A |
|
|
8 |
Buy-side M&A Process |
Ch 7: Buy-side M&A |
A4: Synergy Analysis |
|
9 |
IPO Process and Regulation |
Technical Note: SEBI ICDR |
|
|
10 |
Mid-Term Internal Exam |
Review Sessions 1–9 |
Mid-Term (10M) |
|
11 |
Equity Capital Markets (ECM) |
Technical Note: ECM Products |
|
|
12 |
Debt Capital Markets (DCM) |
Technical Note: Bond Pricing |
A5: Yield to Maturity |
|
13 |
Underwriting and Syndication |
Ch 6 (Contd.) |
|
|
14 |
Deal Structuring & Asset vs. Stock Sale |
Technical Note: Tax Implications |
A6: Structure Memo |
|
15 |
Simulation Lab: M&A Deal Room |
Manual: Negotiation Tactics |
Simulation (20M) |
|
16 |
Fairness Opinions & Board Defense |
Technical Note: Fiduciary Duty |
|
|
17 |
Restructuring and Bankruptcy |
Technical Note: IBC 2016 |
|
|
18 |
Ethics in IB: Insider Trading & Conflicts |
Case Study: Rajat Gupta |
|
|
19 |
Presentation: The Pitch Book |
Manual: Storytelling for Deals |
Presentation (10M) |
|
20 |
Course Synthesis & Career Pathing |
Review of Value Architectures |