Standard Chartered PLC IDR - Issue Price Fixed - Indian IPO Blog

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Sunday, May 30, 2010

Standard Chartered PLC IDR - Issue Price Fixed

The Issue Price for the Standard Chartered PLC IDR Issue has been fixed at Rs.104/- per Indian Depository Receipt (IDR). Earlier, the price band for the IDR Issue in India from Standard Chartered PLC was set at Rs.100/- to Rs.115/- per Indian Depository Receipt (IDR) with Ten IDRs which would become equivalent to One Share of StanChart PLC. Retail Investors and Eligible Employees whose bid amount does not exceed Rs.100,000 would be entitled for a Discount of 5% on the final Issue Price of the IDRs

Standard Chartered PLC IDR Issue, the first-ever Issue of Indian Depository Receipts (IDRs) in India, was subscribed 2.20 times on an overall basis. Click here for more on Standard Chartered PLC IDR Issue Subcription

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