IFMP Investment Banking and Analysis Certification (IBAC), Pakistan case studies
IFMP Investment Banking and Analysis Certification (IBAC), Pakistan · Put your knowledge to work in context.
The Investment Banking and Analysis Certification (IBAC) is one of the Specialized Certifications listed by the Institute of Financial Markets of Pakistan (IFMP), Pakistan's first securities market institute. IFMP describes itself as a permanent platform for developing human capital for financial markets and conducts licensing examinations leading to certifications for different segments of the market. The IFMP Investment Banking and Analysis Certification (IBAC), Pakistan case studies are 5 cases and about 3,377 words.
1Accretion/Dilution and Maximum Price in a Packaging Acquisition
You are advising a Karachi-listed conglomerate on the acquisition of a private packaging company. The acquirer has 1.20 billion shares, net income of PKR 6.00 billion, and trades at PKR 80 per share (16.0x earnings).
642 words, about 3 min2Working Capital, Cash Conversion and Covenant Headroom in FMCG
You are reviewing the FY24 results of a Karachi-based FMCG company for a lender. Revenue grew 28.6% to PKR 18.0 billion from PKR 14.0 billion, and EBITDA rose to PKR 2.70 billion from PKR 2.10 billion.
708 words, about 4 min3IPO Pricing, Anchor Demand and Allocation on the Pakistan Stock Exchange
You are leading the IPO of a Lahore-based textile exporter on the Pakistan Stock Exchange. The company has 200 million pre-IPO shares and FY24 net income of PKR 1.20 billion, implying EPS of PKR 6.00.
705 words, about 4 min4Covenant Stress, FX Exposure and Refinancing Risk in Cement
You are a credit analyst at a Pakistani bank reviewing a PKR 15 billion term loan to a listed cement producer. FY24 EBITDA is PKR 6.00 billion on revenue of PKR 30 billion.
687 words, about 3 min5Wind IPP Tariff Bid, DSCR and Payment-Delay Risk
You are structuring a 50 MW wind IPP in Sindh. Total capex is USD 60 million, funded 70% by a 12-year USD amortising loan at 6.0% and 30% equity.
635 words, about 3 min