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    DoMS Investment Banking Capital Market Operations

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    DoMS Investment Banking Capital Market Operations

    Uploaded by

    Kumar
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    DoMS-Investment-Banking-Capital-Market-Operations

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    8 views2 pages

    DoMS Investment Banking Capital Market Operations

    Uploaded by

    Kumar

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    © All Rights Reserved
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    of 2

    1

    INDIAN INSTITUTE OF TECHNOLOGY KANPUR


    Department of Management Sciences
    Proposal for New Course

    Title: Investment Banking – Capital Market Operations


    Course No: MBAXXXM
    Department: Management Sciences
    Proposer: Dr. Harshal Rajan Mulay
    Units: 3-0-0-1[5]
    Duration of the course: First Half of the Odd Semester
    Prerequisite Courses: MBA601 or MBA607 or MBA770M or MBA775M or MBA776M
    Other interested faculty: NA

    Course Objectives:

    This course aims to prepare students for an Analyst role in a Capital Markets division of an Investment Bank. This
    course will emphasise on the practical aspects of an Investment Banking job and the finance theory required for the
    same. This course proposes to touch upon strategic, procedural, analytical, legal and accounting aspects of several
    Investment Banking activities. The course will be taught in three modules. The first module provides introduction
    to Capital Market Instruments and the role of Investment Bankers in the Capital Markets. This module will also
    introduce the strategic choice between debt and equity. In the second module, the students will gain an in-depth
    understanding of the Equity Capital Markets Division of an Investment Bank. The module will cover topics such
    as IPOs, FPOs, Rights Issues, Private Placement, Share Buy-Backs and Delisting. Finally, the third module will
    focus on Debt Capital Markets Division of an Investment Bank. This module will touch upon Bond Issues,
    Convertible Bonds, Loan Syndication, Project Finance and Securitization.

    Course Contents:

    S. Topic No. of
    No. Sessions
    Module 1: Introduction
    1 Introduction: Structure of an Investment Bank, Introduction to Primary Capital Markets, 2
    Different types of Financial Instruments and their uses from a firm’s perspective,
    2 Capital Structure Decision: Theories for choice between Debt and Equity 1
    Module 2: Equity Capital Markets
    3 Initial Public Offerings: Strategic motivation for going public, accounting treatment of 3
    new issues, IPO process, role and fee structure of an Investment Bank, Underwriting, Green
    Shoe Options, and IPO Underpricing,
    4 Follow-on Public Offerings, Rights Issues and Private Placement: Strategic motives, 2
    legal considerations, procedural aspects, and investor reactions
    5 Share Buy-Backs and Delisting: Strategic motives, legal considerations, procedural 2
    aspects, and investor reactions
    Module 3: Debt Capital Markets
    6 Bond Issuance: Different types of bonds and strategic motives behind their issues, 1
    procedural aspects, legal consideations and accounting treatment, workings of Convertible
    Bonds.
    2

    7 Loan Syndication and Project Finance: Strategic motives, risk mitigation through Project 2
    Finance, Covenants, Cash Trap, Cash Sweep and Debt Sculpting
    8 Securitization: Strategic motives, investor benefits, Pass Through and Pay Through 1
    Securities.

    Short summary for including in the Courses of Study Booklet: Same as Course Objectives mentioned above.

    Textbook

    a. Giri, P. S. (2021), “Investment Banking: Concepts, Analyses and Cases”. McGraw Hill Education (India)
    Pvt. Ltd. 4th Edition

    Reference Material

    a. Rosenbaum, J. & Pearl, J. (2020), “Investment Banking: Valuation, LBOs, M&A and IPOs”. John Wiley
    & Sons. 3rd Edition
    b. Damodaran, A. (2012), “Investment Valuation”. John Wiley & Sons. 3rd Edition.
    c. Krantz, M. & Johnson, R. R. (2020), “Investment Banking for Dummies”. For Dummies Series, John Wiley
    & Sons. 2nd Edition
    d. Knee, J. A. (2007). “The Accidental Investment Banker: Inside the Decade that Transformed Wall Street”.
    Oxford University Press. 1st Edition.

    Any other remarks: The course is an advanced PG course, and the course pedagogy involves lectures and
    discussion of case studies and research papers. This course covers only the Capital Markets part of Investment
    Banking activities. To have full overview of the profession, students are advised to opt for MBA776M, which
    covers Mergers and Acquisitioons.

    Signature of Proposers:

    Dr. Harshal Rajan Mulay [Date: 22 February 2024]

    This course is Approved/ Not Approved This course is Approved/ Not Approved
    DPGC Convener, DoMS Chairperson SPGC

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