Mumbai: Lock, stock and trade, an unique entrepreneurship
event with an IPO stock trading game a mock 'investment
banking' conference requiring all invitees to purchase
shares, with the goal of building the most valuable portfolio
was brought to life on Saturday, August 28 at Mumbai's
event was hosted jontly by S P Jain Institute of Management
and Research (SPJIMR) and the the National Entrepreneurship
Network (NEN). Kiran Mazumdar Shaw, founder and CMD of
Biocon, captivated the audience with her inspiring keynote
address before declaring the game open with a symbolic
ringing of the bell.
highlights of the event was a panel discussion on 'Idea
to IPO' with. Naresh Malhotra, director, Café Coffee
Day; Darshan Mehta, president, Arvind Brands Ltd. And
Samir Karnik, an entrepreneur in the entertainment industry.
The event, Moneypore Chinta Chat, provided a professional
investor's analysis of the showcased companies.
the event, the invited audience of over 500 including
students from premiere institutes, entrepreneurs, financiers,
professionals and VCs participated with the SPJIMR students
in the IPO game. The event which aimed to raise awareness
of entrepreneurship among students and potential entrepreneurs,
provided the audience an opportunity to learn about business
opportunities not generally showcased to the public; hear
from leading entrepreneurs and financiers how to grow
a company; and match their investment savvy against professionals.
Explaining he concept, Dr M L Srikant, dean, SPJIMR said,
"Entrepreneurship certainly means development of
new technology but in the context of India it also means
use of scarce resources and seeking out opportunities
that result in sustainable benefit to the Indian economy
and provide employment to youth."
to Laura Parkin, executive director, Wadhwani Foundation,
a non-profit organisation that has initiated and supports
NEN, observed, "This is a time of great opportunity
for India: if students get excited about entrepreneurship
and decide that one day they will start companies, that
will create enormous value for the economy. This sort
of event fun, education and innovation will
hopefully inspire future entrepreneurs while exposing
them to the many different kinds of businesses possible."
game was conceptualized and designed by the Wadhwani Foundation
and SPJMIR learn how to identify, sell and buy a company's
value proposition, helping the participants think through
investment issues like, 'what makes a company valuable?',
'how do we decide in which company to invest?', 'did we
read the market right?'
At the end of the day, the winner of the event was the
'investor' with highest value portfolios and the winning
company the one most 'oversubscribed' and the winning
'analyst' was the one showcasing the winning company.
Institute of Management and Research (SPJIMR), among the
top ten business schools in India, is a pioneer in extending
management education to new sectors, in sync with the
institute's guiding tenets of value based growth and influencing
management practice and runs the unique 'family managed
business program'. SPJIMR is among the group of 11 globally
selected, business schools working with the US-based Aspen
Institute, on the project to integrate 'social impact
management' into the MBA curriculum.
NEN is a network of academic institutions across India
performing research and developing and delivering world-class
education, skill-building programs, networking activities
and company-starting assistance to new, high-growth entrepreneurs.The
five founding NEN Partners are:
Institute of Technology and Science - Pilani
Institute of Technology - Bombay
Institute of Management - Ahmedabad
of Bioinformatics and Applied Biotechnology - Bangalore
P Jain Institute of Management and Research - Mumbai
is initiated and supported by Wadhwani Foundation, a not-for-profit
organization accelerating entrepreneurship in emerging