Indian Institute of Management Rohtak

Course Outline

Course Title : Investment Banking

Credits : 1
Type : Elective
Session Duration : 75 minutes
Term : V
Year : 2019
Faculty : Visiting Faculty
________________________________________________________________________

*Note: Kindly refer to the outline only for the broad topics and content of the course as
the final course outline will be shared by the faculty teaching the course.

Course Description
This elective course in finance is structured to equip the participants with an
understanding of the ever-evolving field of investment banking. Investment banking as a
subject has seen volatile times given the fact that it relates itself so closely to its practical
applications in the financial markets. This course offers an understanding of what is
called ‘CORE INVESTMENT BANKING’ which deals with the main activity profile
and service basket of investment banks.

Course Objectives
The course aims at providing the participants with the following:
- An insight into the development of investment banking,
- Underpinnings of financial markets and investment banking, and
- Knowledge of different investment banking functions

Pedagogy / Teaching Method

The pedagogy would consist of an appropriate mix of lectures, cases and discussions.

Evaluation Scheme
Class Participation / Assignment / Case Analysis 20%
Project Writing & Presentation (Group) 20%
Mid Term Examination 30%
End Term Examination 30%

Readings

1
1. Pratap Giri S., Investment Banking-Concepts, Analysis and Cases, McGraw Hill
Education(India)private Limited, New Delhi
2. SEBI DIP Guidelines
3. Financial Dailies: The Economics Times/Business Standard/Financial Express

Session Plan

Session Topic Readings & Cases

No.
1-2
Investment Banking and – Introduction to Investment Banking, history
its Environment and evolution
– Glass Steagall Act, Later Developments,
Evolution of Universal Banks and Financial
Conglomerates
– Case: History of Investment Banking (HBS: 9-
902-168)

3-4 Business Model of an

Investment Banking – Industry structure and business portfolio of
Firm global and Indian investment banks
– Case: Investment Banking at Thomas Weisel
Partners (HBS: 9- 206-091)

5-6 Financial Advisory and

Capital Market Services – To identify the issues involved in arranging
venture capital for a firm-Role of Investment
banks
– Case: How Venture Capitalists Evaluate
Potential Venture Opportunities (HBS: 9-805-
019)
– Article: The Venture Capital Shakeout (HBR)

7-8 Domestic Issue

Management – IPO – Listing Decision
– Important provisions of SEBI Regulations and
other statutory requirements for IPO
– Issue Management and Process Overview
– Rights Offers
– Public Issue of Debt Securities
– Case: Immulogic Pharma (HBS: 9-293-066)

9-10 Equity Research Services

– To assimilate equity research function of an
investment bank.
– Case: Lehman Brothers (C): Decline of the
Equity Research Department (HBS: 9-902-003)

2
11-12 Project and Strategic
Advisory Services – Introduction to Mergers and amalgamations -
Methodologies, transactions, investment banking
perspectives, regulations
– Case: Chase’s Strategy for Syndicating the
Hong Kong Disneyland Loan (A)

(HBS: 9-201-072)
13-14 Corporate Restructuring
Advisory Services – To understand the issues impacting and arising
out of a corporate restructuring exercise of a
firm.
– Case: Hewlett Packard – Compaq: The Merger
Decision (HBS: 9-104-048)

15-16 Debt Restructuring

Advisory Services – To gain knowledge of the debt restructuring
process and the factors

Relating therein.
17-18 Institutional Sales and
Trading Services – To learn the constituents of the institutional
sales and trading services of an investment bank.
– Case: Gonchar Investment Bank (Ivey
805M29)

19-20 Investment Banking: - To appreciate the emerging trend

Emerging Trends and in investment banking and review the
Review learning from the course
- Papers and Case presentations