The price band for the first ever IDR Issue in India from Standard Chartered PLC is set at Rs.100/- to Rs.115/- per Indian Depository Receipt (IDR).
Standard Chartered PLC IDR issue will be open between Tuesday, May 25, 2010 and Friday, May 28, 2010. The Issue would aggregate to a total of Rs.24 Crs Indian Depository Receipts (IDRs). The final issue price per IDR will be set and announced thereafter. Retail Investors and Eligible Employees whose bid amount does not exceed Rs.100,000, are entitled for a Discount of 5% on the final Issue Price of the IDRs
Ten Indian Depository Receipts (IDRs) would equal to one share of Standard Chartered PLC. The Face Value of each underlying share represented by IDRs would be US $0.50
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Monday, May 24, 2010
Standard Chartered PLC IDR Issue - Price Band announced
Tags
# IDR Issues
# IDR Issues in 2010
# Price Band
# SC PLC IDR Issue
# Standard Chartered Bank IPO
# Standard Chartered PLC
# Standard Chartered PLC IDR Issue
# Upcoming IPO
# Upcoming issues
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