Standard Chartered PLC IDR Issue, the first-ever Issue of Indian Depository Receipts (IDRs) in India, has finally concluded with an overall subscription figure of 2.20 times. The IDR Issue has received lukewarm subscriptions in the Retail and Employee categories which were subscribed 0.25 times and 0.20 times respectively. The IDR Issue has received good response from QIB category which received bids for 348394400 Equity Shares as against 84000000 Equity Shares reserved for the Category, thereby making the category subscribed 4.15 times
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
Click here for Standard Chartered PLC IDR Issue - Final Subscription Statistics
Friday, May 28, 2010
Home
Bidding status
IDR Issues
IDR Issues in 2010
Retail Bidding Status
Standard Chartered Bank IPO
Standard Chartered PLC
Standard Chartered PLC IDR Issue
Standard Chartered PLC IDR Subscription
Standard Chartered PLC IDR Issue concludes with 2.2 times subscription
Standard Chartered PLC IDR Issue concludes with 2.2 times subscription
Tags
# Bidding status
# IDR Issues
# IDR Issues in 2010
# Retail Bidding Status
# Standard Chartered Bank IPO
# Standard Chartered PLC
# Standard Chartered PLC IDR Issue
# Standard Chartered PLC IDR Subscription
About IndianIPOBlog
Soratemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of soratemplates is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
Standard Chartered PLC IDR Subscription
Labels:
Bidding status,
IDR Issues,
IDR Issues in 2010,
Retail Bidding Status,
Standard Chartered Bank IPO,
Standard Chartered PLC,
Standard Chartered PLC IDR Issue,
Standard Chartered PLC IDR Subscription
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment