Lock, Stock & Trade (LST) is an annual entrepreneurship event which aims to inspire the younger generation towards entrepreneurship. At LST, the audience learn about diverse business opportunities; hear from leading entrepreneurs and financiers how to start and grow companies; and match their investment savvy against professionals in a simulated stock trading game.
At this one day event, the SPJIMR student teams representing the entrepreneur and investment banker present carefully 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 that which has the highest market capitalization. The game provides opportunity for many a player to bid, trade and build their portfolio, and experience… the Dalal Street excitement!
LST aims to raise interest in entrepreneurship among college students and help them start new ventures, ‘sometime, if not now’. The 18 business presentations provide the audience an opportunity to know about business opportunities not generally showcased to the public; learn from leading entrepreneurs and financiers on how to create a company; and match their investment savvy by competing in the mock investment game. All these businesses are operational and are run by families of FMB (Family Business Management) students of SPJIMR. The FMB student (entrepreneurs) and the PGDBM students (business analysts) partner to make the presentations for each business.
LST had an immensely successful debut in 2004 with Kiran Mazumdar-Shaw as the keynote speaker.
Key note address by Subroto Bagchi, Co-founder and COO, MindTree Consulting. Panel on “From Idea to IPO: The Entrepreneur’s Progress” discussed by eminent entrepreneurs and financiers including Shravan Shroff, MD, Shringar
Cinemas Ltd., Pravin Gandhi, Partner, Infinity Ventures, Devendra Saharia, Co-founder & President Ajuba International (health care BPO), Vijay Chandok , Country Head, Small Enterprise Group, ICICI Bank. Company presentations by 18 real life companies. 500 excited people including students, entrepreneurs, faculty and professionals attended the event – to play the IPO game and network.
Attractions of LST 2006
In LST 2006, the attractions are the keynote address by Chetan Maini, Deputy Chairman, Reva Electric Car Company. A distinguished panel consisting of Ajay Hattangdi , Senior VP, Silicon Valley Bank (Global), Prof. Ed Rubesch, Faculty for Entrepreneurship at Thammasat B-School, Bangkok, Mahesh Murthy, CEO, Pinstrom, and founder, Passion Fund , R. Sriram, CEO, Crosswords, Aashish Bhinde, Senior VP, Avendus, would be present for a panel discussion.
Elaborating on SPJIMR’s entrepreneurship efforts, the Dean, Dr. Manesh Shrikant, mentions, “Entrepreneurship and networking define our DNA at SPJIMR. We intend to leverage the opportunity provided by NEN to extend the scale and scope of our entrepreneurship curriculum for family businesses, executives and the student community.” LST is a model example of productive collaboration bet.