IDRs as financial instruments and identification of potential issuers; Bank of America Merrill Lynch

Abstract

My internship with the Equity Capital Markets at Merrill Lynch, Mumbai provided a unique opportunity to get exposure to the practical aspects of the Investment Banking business. The work was interesting because I got the opportunity to work on four live deals namely, GMR, QIP, AllCargo QIP, Standard Chartered IDR and Jaypee Infratech IPO. Apart from these, I also worked on the Coal India IPO proposal in which Merrill Lynch was ranked number 1 among technical bids. I also contributed to 2 other pitches, the details of which are not yet public and hence I am unable to reveal. The work environment was as good it can get. People were very helpful and were always ready to spend time with the interns to patiently listen to their issues and lielp them come up with solutions. There was constant guidance, support and encouragement not only from my mentor but from the other members of the team as well.