FIN633 Merchant Banking 12512::anoop Mohanty 3.0 1.0 0.0 4.0 Courses With Conceptual Focus

Lovely Professional University, Punjab
Course Code Course Title Course Planner Lectures Tutorials Practicals Credits
FIN633 MERCHANT BANKING 12512::Anoop Mohanty 3.0 1.0 0.0 4.0
Course Category Courses with conceptual focus
TextBooks
Sr No Title Author Edition Year Publisher Name
T-1 Merchant Banking Machiraju, H.R. 1st 2012 New Age international Ltd.
Reference Books
Sr No Title Author Edition Year Publisher Name
R-1 Merchant Banking And Financial
Service
S Gurusamy 3rd 2009 Tata McGraw Hill India
Services
Madhu Vij, Swati Dhawan 1st 2011 Tata McGraw Hill India
Services
S Gurusamy 4th 2013 Tata McGraw Hill India
Other Reading
Sr No Journals articles as Compulsary reading (specific articles, complete reference)
OR-1 Banking Sector report 2012-13 (available at http://www.ibef.org/industry/banking-india.aspx) ,
OR-2 SEBI (Merchant Bankers) (Amendment) Regulations, 2007 ( Available in http://www.sebi.gov.in/cms/sebi_data/commondocs/bm_p.pdf) ,
OR-3 SEBI's Review of Regulatory Compliance and Periodic Reporting ( Available at http://www.sebi.gov.in/cms/sebi_data/attachdocs/1336988686538.pdf) ,
Relevant Websites
Sr No (Web address) (only if relevant to the course) Salient Features
RW-1 http://www.rbi.org.in/home.aspx Reserve Bank of India
RW-2 http://www.banknetindia.com/banking/banking.htm Provides information on Banking basics, Commercial Banks, cooperative
banks, banking products, articles & banking news
RW-3 www.sebi.gov.in Securities and Exchange Board of India
RW-4 http://en.wikipedia.org/wiki/Merchant_bank Introduction to Merchant Banking
RW-5 http://www.indbankonline.com/ Indian Bank - Merchant banking subsidiary link
RW-6 http://www.canarabank.com/english/scripts/CBMerchantBankingServices.aspx Canara Bank Merchant Banking Division
RW-7 http://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListDept=yes&deptId=18 SEBI link for Merchant Banking
RW-8 http://en.wikipedia.org/wiki/Credit_rating Detail on Credit Rating
RW-9 http://indiavca.org/venture-capital-in-india.html Venture capital guidelines
Week
Number
Lecture
Number
Broad Topic(Sub Topic) Chapters/Sections
of Text/reference
books
Other Readings,
Relevant
Websites, Audio
Visual Aids,
software and
Virtual Labs
Lecture Description Learning Outcomes Pedagogical Tool
Demonstration/ Case
Study / Images /
animation / ppt etc.
Planned
Week 1 Lecture 1 Introduction to Merchant Banking
(Nature and scope of Merchant
Banking)
T-1:Chapter 2
R-1:Chapter 1
R-2:Chapter 1
R-3:Chapter 1
OR-1
RW-1
RW-3
RW-5
RW-6
Lecture 1: Origin of
Merchant Banking and
Investment Banking
Student will be learn
about the concept of
Merchant Banking
Case Discussion:
Commercial Banking
versus Investment
Banking
Lecture 2 Introduction to Merchant Banking
(Regulation of Merchant Banking
Activity)
T-1:Chapter 2
R-1:Chapter 2
R-2:Chapter 2
R-3:Chapter 2
OR-2
OR-3
RW-7
Lecture 2: Regulation
for Merchant Banking
about Capital adequacy
norms in Merchant
Banking
Case Analysis of
Public Sector Banks
(Project Preparation and Appraisal)
T-1:Chapter 3 RW-4
RW-5
Lecture 3: Project
Selection process.
Lecture 4: Financial
Analysis - Non
discounting techniques
(PBP, ARoR method)
Analysis- Discounting
techniques (IRR, NPV,
Profitability Index)
about the project
appraisal techniques
involved in feasibility
study
Lecture cum
brainstorming
T-1:Chapter 3 RW-4
RW-5
Lecture 3: Project
Selection process.
Analysis - Non
(PBP, ARoR method)
about the project
study
Lecture cum
brainstorming
Detailed Plan For Lectures
LTP week distribution: (LTP Weeks)
Weeks before MTE 7
Weeks After MTE 7
Spill Over 3
T-1:Chapter 3 RW-4
RW-5
Lecture 3: Project
Selection process.
Analysis - Non
(PBP, ARoR method)
about the project
study
Lecture cum
brainstorming
(Securities and Design of Capital
Structure)
T-1:Chapter 4 and 5
R-1:Chapter 8 and 9
R-3:Chapter 8 and 9
Lecture 6: Nature and
kinds of securities
Lecture 7: Optimum
capital structure and its
effect on Corporate
valuation
about the securities and
various related process
Lecture cum
brainstorming
(Securities and Design of Capital
Structure)
T-1:Chapter 4 and 5
R-1:Chapter 8 and 9
R-3:Chapter 8 and 9
Lecture 6: Nature and
kinds of securities
Lecture 7: Optimum
capital structure and its
effect on Corporate
valuation
about the securities and
various related process
Lecture cum
brainstorming
Lecture 8 Pre Issue Management(Types of
Issues and Analysis of Prospectus)
T-1:Chapter 7
R-1:Chapter 3 and 4
R-2:Chapter 7
R-3:Chapter 3 and 4
RW-3
RW-5
Lecture 8: Types of
Issues Lecture 9:
Analysis of Company,
Management and Project
Student will learn on
types of issue and
contents of prospectus
Lecture cum
brainstorming
Lecture 9 Pre Issue Management(Types of
Issues and Analysis of Prospectus)
T-1:Chapter 7
R-1:Chapter 3 and 4
R-2:Chapter 7
R-3:Chapter 3 and 4
RW-3
RW-5
Lecture 8: Types of
Issues Lecture 9:
Analysis of Company,
Management and Project
Student will learn on
types of issue and
contents of prospectus
Lecture cum
brainstorming
Week 4 Lecture 10 Pre Issue Management(Co-
ordination, Marketing and
Underwriting)
T-1:Chapter 8
R-1:Chapter 3 and 4
R-2:Chapter 6
R-3:Chapter 3 and 4
RW-3 Lecture 10: Co-
ordination related to
broker,banker and
registrar
Lecture 11: Guidelines
on Advertisement and
observation of code of
conduct.
Lecture 12: Underwriting
guidelines
about the role of
brokers, bankers,
registrar etc
Case analysis of
COAL INIDA IPO
Week 4 Lecture 11 Pre Issue Management(Co-
Underwriting)
T-1:Chapter 8
R-1:Chapter 3 and 4
R-2:Chapter 6
R-3:Chapter 3 and 4
broker,banker and
registrar
conduct.
guidelines
about the role of
brokers, bankers,
registrar etc
Case analysis of
COAL INIDA IPO
Lecture 12 Pre Issue Management(Co-
Underwriting)
T-1:Chapter 8
R-1:Chapter 3 and 4
R-2:Chapter 6
R-3:Chapter 3 and 4
broker,banker and
registrar
conduct.
guidelines
about the role of
brokers, bankers,
registrar etc
Case analysis of
COAL INIDA IPO
Week 5 Lecture 13 Pre Issue Management(Pricing of
Rights and Further Public Issues)
T-1:Chapter 9
R-1:Chapter 3
R-3:Chapter 3
RW-3 Lecture 13: Pricing of
Right issue and Further
Public Issue
Lecture 14: Revision
about the book building
process, Issue at
premium and
calculation of NAV
Lecture cum
brainstorming
Lecture 14 Pre Issue Management(Pricing of
Rights and Further Public Issues)
T-1:Chapter 9
R-1:Chapter 3
R-3:Chapter 3
RW-3 Lecture 13: Pricing of
Right issue and Further
Public Issue
about the book building
process, Issue at
premium and
calculation of NAV
Lecture cum
brainstorming
Lecture 15 Post Issue Management(Listing
Requirements)
T-1:Chapter 10
R-2:Chapter 2 and 6
RW-3
RW-5
related to Listing
Lecture 16: Listing
requirement for OTC
Exchange of India.
about the post issue
process- listing of
public issue
Lecture cum
brainstorming
Week 6 Lecture 16 Post Issue Management(Listing
Requirements)
T-1:Chapter 10
R-2:Chapter 2 and 6
RW-3
RW-5
related to Listing
Lecture 16: Listing
requirement for OTC
Exchange of India.
process- listing of
public issue
Lecture cum
brainstorming
Lecture 17 Post Issue Management(Allotment
and Despatch of Shares/Refunds)
T-1:Chapter 9 Lecture 17: Share
allotment process
process- Allotment and
withdrawl process
Lecture followed
Brainstorming
Lecture 18 Post Issue Management(Security
Rating : Public Deposits and
Commercial Paper)
T-1:Chapter 12
R-1:Chapter 25
R-2:Chapter 8
R-3:Chapter 25
RW-3 Lecture 18: Introduction
to Security Rating
Lecture 19:
Shortcomings of security
rating
about the rating process
of various securities
issued by Corporates
Case Analysis: Equity
and Debt grading
Week 7 Lecture 19 Post Issue Management(Security
Rating : Public Deposits and
Commercial Paper)
T-1:Chapter 12
R-1:Chapter 25
R-2:Chapter 8
R-3:Chapter 25
to Security Rating
Lecture 19:
Shortcomings of security
rating
about the rating process
of various securities
issued by Corporates
Case Analysis: Equity
and Debt grading
Lecture 20 Post Issue Management(Debenture
and Equity Rating Mechanism)
T-1:Chapter 12
R-1:Chapter 25
R-2:Chapter 8
R-3:Chapter 25
RW-8 Lecture 20: Credit
Rating Institutions
Student will be learning
about the rating
mechanism of Debt and
Equity
Lecture followed
Brainstorming
Lecture 21 Post Issue Management(Debenture
and Equity Rating Mechanism)
T-1:Chapter 12
R-1:Chapter 25
R-2:Chapter 8
R-3:Chapter 25
RW-8 Lecture 20: Credit
Rating Institutions
about the rating
mechanism of Debt and
Equity
Lecture followed
Brainstorming
MID-TERM
Week 8 Lecture 22 Loan Syndication: Domestic and
External(Loan Syndication-
Domestic)
T-1:Chapter 13
R-1:Chapter 16
R-3:Chapter 16
to Term Loan
Lecture 23: Role of DFI
Lecture 24: Sources of
funds of DFI's
about the role of DFI's
and its sources of
funding
Case discussion
followed by Power
point ( Case study of
IFCI)
Lecture 23 Loan Syndication: Domestic and
Domestic)
T-1:Chapter 13
R-1:Chapter 16
R-3:Chapter 16
to Term Loan
funds of DFI's
and its sources of
funding
Case discussion
followed by Power
IFCI)
Domestic)
T-1:Chapter 13
R-1:Chapter 16
R-3:Chapter 16
to Term Loan
funds of DFI's
and its sources of
funding
Case discussion
followed by Power
IFCI)
External)
T-1:Chapter 14
R-1:Chapter 16
R-3:Chapter 16
RW-1
RW-3
Lecture 25: Introduction
to External Commercial
Borrowing
Lecture 26: Procedure
for seeking ECB
approval
about the loan
syndication in
international market
Lecture followed
Brainstorming
External)
T-1:Chapter 14
R-1:Chapter 16
R-3:Chapter 16
RW-1
RW-3
to External Commercial
Borrowing
Lecture 26: Procedure
for seeking ECB
approval
about the loan
syndication in
international market
Lecture followed
Brainstorming
Lecture 27 Homework,Quiz,Test2
External(Conversion of Private
Limited Companies into Public
Limited Companies)
T-1:Chapter 15
R-1:Chapter 9
R-3:Chapter 9
Lecture 28: Conversion
of Private Limited
Companies into Public
Limited Companies
Student will learn about
the various modes of
conversion of a
company
Lecture cum
brainstorming
Week 10 Lecture 29 Mergers,
Amalgamations,Takeovers and
Venture Capital(Issues related to
Mergers)
T-1:Chapter 17
R-1:Chapter 14
R-2:Chapter 18
R-3:Chapter 14
to Mergers and
competition policy
Students will learn on
issue involved in
mergers
Case Analysis of SBI
with its associates
Lecture 30 Mergers,
Venture Capital(Issues relating to
Amalgamations)
T-1:Chapter 17
R-1:Chapter 14
R-2:Chapter 18
R-3:Chapter 14
to amalgamations
issue involved in
amalgamations
Lecture cum
brainstorming
Week 11 Lecture 31 Mergers,
Takeovers)
T-1:Chapter 17 Lecture 31: Introduction
to Takeovers
issue involved in
Takeovers
Lecture cum
brainstorming
Lecture 32 Mergers,
Venture Capital)
T-1:Chapter 18
R-1:Chapter 27
R-2:Chapter 9
R-3:Chapter 27
to Venture Capital
about the issues relating
to Venture Capital
Lecture followed
Brainstorming
Lecture 33 Mergers,
Venture Capital(Joint Ventures)
T-1:Chapter 21 Lecture 33: Introduction
to Joint Venture
Student will get
exposure to issues
relating to Joint venture
Case analysis of
TATA AIG joint
venture in Life
Insurance
Week 12 Lecture 34 Homework,Quiz,Test3
Lecture 35 Contemporary Issues in Investment
(Non-Resident Indian Investors)
T-1:Chapter 19 RW-1
RW-2
Lecture 35: NRI and
their investment related
issues
Lecture 36: NRI
Portfolio Investment
the investment pattern
of NRI investors
Case discussion: Role
of Indian NRI's in
Economic Crisis of
1991
T-1:Chapter 19 RW-1
RW-2
Lecture 35: NRI and
issues
Lecture 36: NRI
of NRI investors
of Indian NRI's in
Economic Crisis of
1991
Week 13 Lecture 37 Contemporary Issues in Investment
T-1:Chapter 19 RW-1
RW-2
Lecture 35: NRI and
issues
Lecture 36: NRI
of NRI investors
of Indian NRI's in
Economic Crisis of
1991
(Foreign Institutional Investors)
T-1:Chapter 20 RW-1
RW-3
to FII
Lecture 39: Role and
impact of FII on Indian
Market
Lecture 40: Concept of
ADR, GDR, IDR
of FII
Lecture cum
brainstorming
T-1:Chapter 20 RW-1
RW-3
to FII
Market
ADR, GDR, IDR
of FII
Lecture cum
brainstorming
T-1:Chapter 20 RW-1
RW-3
to FII
Market
ADR, GDR, IDR
of FII
Lecture cum
brainstorming
(Qualified Institutional Investors)
T-1:Chapter 20 Lecture 41: Role and
importance of Qualified
institutional investors
Lecture: 42 Revision
of Institutional
Investors
Lecture cum
brainstorming
(Qualified Institutional Investors)
T-1:Chapter 20 Lecture 41: Role and
importance of Qualified
institutional investors
Lecture: 42 Revision
of Institutional
Investors
Lecture cum
brainstorming
SPILL OVER
Week 15 Lecture 43 Spill Over
Lecture 44 Spill Over
Lecture 45 Spill Over
Scheme for CA:
Component Frequency Out Of Each Marks Total Marks
Homework,Quiz,Test 2 3 10 20
Total :- 10 20
Details of Academic Task(s)
AT No. Objective Topic of the Academic Task Nature of Academic Task
(group/individuals/field
work
Evaluation Mode Allottment /
submission Week
Quiz1 To assess the
conceptual
knowledge of the
students
Quiz will be conducted of 25 questions (question can have sub
parts if required) and each question will carry 1 or 2 marks each.
Quiz will be prepared from syllabus covered till date. Duration of
test will be 45 minutes
Individual Students will be
asked 25 questions
which may have
parts for 30 marks.
Marks will be
scaled down to 10
11 / 12
Test1 To assess the
conceptual
knowledge of the
students
Test consisting of six analytical questions will be conducted
(question can have sub parts if required) will be conducted and
each question will carry 5 marks. Test will be prepared from
syllabus covered till date. Duration of test will be 45 minutes
Individual Students will be
asked 6 questions of
5 marks each.
Marks will be
scaled down to 10
8 / 9
HW1 Students will get to
know the application
of theoretical
concepts in real
market scenario
Students in group of 4-5 will be given a particular IPO to study.
Student will be required to prepare a report on various aspects of
Share issue starting from Pre listing to post listing issues . It
includes appointment of merchant banker, flotation cost, Share
pricing, allotment and book building process etc.
Group Report: data
Collection,
tabulation and
analysis will have
10 marks each.
Assignment will be
evaluated out of 30
but the marks will
be scaled down to
10
3 / 4
Plan for Tutorial: (Please do not use these time slots for syllabus coverage)
Tutorial No. Lecture Topic Type of pedagogical tool(s) planned
(case analysis,problem solving test,role play,business game etc)
Tutorial1 Discussion on Optimum level of capital structure Case Analysis
Tutorial2 Study of various project appraisal techniques Problem Solving
Tutorial3 Coal India IPO analysis Case Analysis
Tutorial4 Presentation on Assignment no.1 Presentation
Tutorial7 Security rating mechanism adopted by CRISIL Case Analysis
After Mid-Term
Tutorial8 Case : Loan syndication ( Nabha Power project) Case Analysis
Tutorial9 Case Study of Merger of SBI with its associates Case Analysis
Tutorial10 Open house discussion on ADR, GDR and OCB as a
mode of financing
Discussion
Tutorial11 Discussion of Banking Sector report 2012-13 (available
at http://www.ibef.org/industry/banking-india.aspx)
Case Analysis
Tutorial12 NRI contribution towards India's growth Case Analysis
Tutorial13 FII inflow and outflow analysis for past quarter Case Analysis
Tutorial14 Revision Problem Solving

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