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LOCK, STOCK & TRADE (LST)

SPJIMR (SP Jain Institute of Management and Research) invites entries from business schools worldwide for its annual Lock, Stock & Trade (LST), an entrepreneurship event that aims to inspire the younger generation towards entrepreneurship. SPJIMR is a top 10 business school in India, and we rank among the top 20 schools in the Asia-Pacific region.

This event comprises student teams representing the entrepreneur and investment banker presenting selected real life private company profiles to the audience. These companies are open for evaluation and trading by the audience who acting as investors mock 'invest' in shares of their choice. The stocks are allotted through bidding and the ultimate stock prices are determined by the market forces. At the end of the day the winning 'investors' are those with highest value portfolios and the winning 'company' is that which has the highest market capitalization. The game provides an opportunity to bid, trade and build their portfolio, and experience a simulated version of the IPO process. Participants for the event this year would include

·         4 teams constituting company representatives and students from Business Schools across the world.

·         10 teams - students from SPJIMR's Post-Graduate Diploma in Business Administration teaming up with first generation entrepreneurs.

·         4 teams from around India constituting an entrepreneur and students from reputed B Schools selected through the vast network of NEN.

Prizes this year:

Following are the prizes to be won:

·         Winning team from each track based on jury evaluation – Rs. 20,000/-

·         One grand prize to one of these three teams with the highest market Cap - Rs. 30,000/-

·         Winning Team based on Market Capitalization – Rs. 10,000

·         High Net-worth individual investor – Rs. 10,000

·         The special jury prize for the Best foreign team - Rs. 25,000/- 

(1USD EQUALS APPROXIMATELY 50 RS.)

This year, the event is scheduled to be held on ­November 21, 2009, at SPJIMR, Mumbai.

The Organizers

LST is organized by the National Entrepreneurship Network (NEN) which is focused on promoting entrepreneurship in emerging economies, and S. P. Jain Institute of Management & Research (SPJIMR), one of the leading business schools in the country that recognizes the pivotal role of entrepreneurship as a driver of growth in our economy.

·         National Entrepreneurship Network (NEN)

NEN is founded and supported by the Wadhwani Foundation and its institutional co-founders are IIT Bombay, IIM Ahmedabad, BITS Pilani, IBAB Bangalore and SP Jain Institute, Mumbai. NEN's goal is to inspire, educate and support new and future entrepreneurs. It connects new and future entrepreneurs; small business owners who wish to grow their companies and students to a full range of resources to help them achieve entrepreneurial success. The resources include networking events, workshops, courses and mentoring. NEN's advisory board offers it active support and includes some of the most respected names in different fields.

·         S P Jain Institute of Management & Research, Mumbai

S.P.Jain 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. Successful ventures include the MBA program for practicing executives and the trend-setting Family Managed Business program.

Recognizing the pivotal role of entrepreneurship as a driver of growth in an open market economy, SPJIMR has extended the scope of its management education portfolio to Entrepreneurship development. The institute is a Founding Partner of the National Entrepreneurship Network (NEN) initiated and supported by the Wadhwani Foundation. SPJIMR is developing and offering a range of entrepreneurship programs to its students on campus as well as to new, existing, and growing businesses in India.

Partners

The event is being organized in partnership with TiE.

·         TiE-The Indus Entrepreneurs

Founded in Silicon Valley in 1992 by successful entrepreneurs and professionals with roots in the Indus region, TiE is also known as Talent Ideas and Enterprise and is today spread over 49 chapters in 11 countries. Over 12,000 Members and 1,800 plus Charter Members - includes top Entrepreneurs, VCs, Private Equity, Angels, Law Firms, Tech & Management professionals.

Game logic

Number of shares each company has - 4000

Amount with each investor

• 50,000 in two sessions of 25000 each
• Assuming that each investor would invest in 5 companies (average)
• Average bid price for each company is 200
• Max no of shares one can invest in a company is 50
• Total amount required is 50*5*200=50,000

Basis for allotment of shares

• Dutch Auction
• Each investor bids for a company by giving the no of shares and the price at which he wants to buy
• The offering price (IPO price) is determined after the auction closes
• The cutoff point is calculated by considering all the bids (decreasing order of bid price) at which the available shares can be sold

Guidelines for Foreign Participating Teams: LST 2009

1.    This competition is open to MBA participants from business schools teaming up with the entrepreneur, who may or may not be within themselves 

2.    A team consists of three participants of which at least one is the entrepreneur

3.    The entrepreneur's venture should currently have a positive revenue stream

4.    The team should be nominated by one or more faculty members at the enrolled institution

5.    The formal communication confirming the participation routed through the nominating faculty member serves as the application form

6.    The participating teams need to confirm their participation via an email to Prof. R. Anandan, (rushi.anandan@spjimr.org)  and team LST ( lst@spjimr.org )  by 15^th September, 2009; the email should give details of the team members and attach a 1 page summary of the venture 

7.    The executive summary must reach team LST  via email  (lst@spjimr.org) by 15^th  October, 2009

8.    Format details: The one page executive summary in   MS Word/PDF Format, 1.5 line spacing, font: Times New Roman, size 12, 1" margin all around, A4 page. (Specimen attached)

9.    The participating team will make a Power Point presentation at LST2009 scheduled for November 21, 2009.  The time allotted per team is 20 minutes for presentations and 10 minutes for Q@A. The entrepreneur must accompany the team for the presentation

10.  Participating teams may send a soft copy of their final PowerPoint presentation   to lst@spjimr.org  by 8^th November, 2009.

11.  At the participants' request, S P Jain Institute of Management can arrange for an accommodation at the guest house from 20^th November night to 22^nd November night (3 days). Such intimation should reach Prof. R. Anandan (rushi.anandan@spjimr.org) before October 1, 2009

12.