Neelami: The Business Auction

The Entreprenuership Cell of Shivaji College proudly presents Neelami - The Business Auction, a thrilling test of strategy, negotiation and business acumen. 

Rules & Regulations:

To ensure fair competition and an engaging experience, all participants must follow these rules:

• Participation Format: Participants can compete in a team of 2-3 members.
• Competition Rounds: The event consists of Three rounds, with first and second round being elimination rounds.
• Fixed Purse Value: All teams will receive an equal amount of virtual currency to place their bids. Managing this budget wisely will be crucial for success.
• Modifications: If any sudden modifications will be made by the organising team, it would be priorly informed to the participants.
• Final Decision: The decision of the organising team would be final and binding.

Company Composition:

• A total of 50 companies will be listed for the auction.
• The companies will be categorized into three tiers: Silver, Gold, Platinum
• Each company will have only one opportunity to bid on.
• If a company goes unsold, it will not be reintroduced in the auction

Competition Format:

Round 1: Quiz Round

The first round will be an online quiz on Unstop.

• Objective: This will be a qualifying round, where participants will answer a set of aptitude and business-entrepreneurship-related questions.
• Knowledge Areas: Topics include logical reasoning, quantitative aptitude, market trends, business models, and famous entrepreneurs.
• Elimination: Only the top 25 teams will advance to the next round.

Round 2: Surprise Round

The second round will be held in the College campus (Shivaji College).

• Numbers and Negotiations aren’t enough- Round 2 will push you to think, act and outplay the competition in a way you never expected.
• The Top 10 teams from Round 2 will advance to the Final Round (round -3).

Round 3: Bid and Conquer

This is the final and the most interesting round as it’ll test your thinking ability, adaptability and the luck factor.

• Top 10 teams will participate in the auction round.
• Each team gets a set budget to bid on 50 companies.
• Trump Cards will affect company profits, examples for the trump cards are as follows:
• Positive Trump Card: Company XYZ's profits rise by up to 10%.
• Negative Trump Card: Company ABC faces regulatory issues, so its profits fall by up to 20%.
• After the auction, teams will face business scenarios that impact their companies and similarly in a positive and a negative way
• Example of Positive Scenario: The demand for company XYZ’s products increases by 20%,
• Example of Negative Scenario The government imposes a 50% sanction due to relations with enemy countries.
• Leftover funds can be used to upgrade Trump Cards for better results.
• Team valuation will be done based on the performance of their acquired companies (after adjustments for Trump Cards and situations).
• The team with the highest capitalization wins.