"Price is what you pay. Value is what you get." - Warren Buffett
Valuation is an art but the first thing we learn is the science. We are told we should be approximately right rather than precisely wrong. Tabulating the price may be easy but proving that the business is worth it requires skill. Intaglio presents a unique opportunity to all those budding ‘Fin Zombies’ to prove their mettle as equity analysts, investment bankers and PE partners in a unique package of sorts.
Round 1 - Online quiz comprising 30 questions. It would cover valuation, corporate finance, economics and general ‘fin’ knowledge. Some blocks comprising 3-4 questions may be given. 40 teams would be shortlisted.
Round 2 - Stock Pitch of any stock in the BSE Midcap Index. More than 2 teams cannot pitch for the same stock (stocks to be allotted on FCFS basis). In the final round only 1 of the 2 teams would proceed as per the instructions of the judges.
Maximum 10 slides can be used including all annexures and introduction. The excel file needs to be sent separately. 6-8 teams would be shortlisted for the final campus rounds.
Round 3 - On campus round. Presentation of the selected stock. Changes can be made but the slide limit would remain the same. The presentation timing would be disclosed later but would not be exceed 15 minutes including judges questioning.
Round 4 - On campus round along with round 3. Valuation and pitch of a private entity. The other details regarding this round would be disclosed later.