a. The IPO ecosystem is evolving at a rapid pace in India with several companies looking to list. India also saw a 28% year-on-year rise in IPO proceeds during January-June 2018 at $3.9 billion (Rs27,000 crore)- List and comment on the factors providing an impetus to such IPO activities

b. Which of the following would likely to encourage a firm to increase the debt in its capital structure; Please explain the logic briefly

i. The Finance Act has proposed to increase the tax rate for companies

ii. The Finance Act has proposed to increase the tax rate of individuals

iii. The market condition is changing due to which the firms asset become less liquid

iv. The firms earnings and revenue is volatile

v. The new code of bankruptcy has been passed in the country which makes bankruptcy less costly to the firm

c. Indian health care major Fortis, lost major value in the stock market in the year 2018 due an alleged corporate mis-governance. In this context, comment on the role of corporate governance on the firm value .