The first ever IDR Issue in India - Standard Chartered PLC IDR which listed today has opened at Rs.105 as against an Issue Price of Rs.104 per IDR

The Indian Depository Receipts (IDRs) of Standard Chartered PLC shall be listed and admitted to dealings on the Exchanges from today in the list of ‘B’ Group of Securities

Earlier, the Issue Price for the First Ever IDR Issue in India was fixed at Rs.104/- per IDR. Standard Chartered PLC IDR Issue, the first-ever Issue of Indian Depository Receipts (IDRs) in India, was subscribed 2.20 time. Standard Chartered Bank, the largest foreign bank in India, has India as its most profitable centre after Hong Kong

Check back Indian IPO Blog for Listing Day summary of Standard Chartered PLC Indian Depository Receipts (IDRs)

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

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

The bid lot or the minimum lot size for IDR Issue of Standard Chartered PLC for the Retail Category of Investors would be initially 200 Indian Depository Receipts (IDRs) and thereafter in multiples of 50 Indian Depository Receipts (IDRs). Earlier, the price band for the IDR Issue was fixed at Rs.100/- to Rs.115/- per Indian Depository Receipt (IDR)

Standard Chartered PLC IDR issue would be open between Tuesday, May 25, 2010 and Friday, May 28, 2010. The final issue price per IDR will be set and announced thereafter. Ten Indian Depository Receipts (IDRs) would equal to one share of Standard Chartered PLC with the Face Value of each underlying share represented by IDRs being US $0.50 per share

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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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Standard Chartered PLC, a Bank already listed on the London and Hong Kong Stock Exchanges, is all set to come up with the first-ever Issue of Indian Depository Receipts (IDRs). 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)

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. Standard Chartered PLC is already listed on the London and Hong Kong Stock Exchanges, thus this would be the third listing for the Bank

Standard Chartered Bank, the largest foreign bank in India, has India as its most profitable centre after Hong Kong. JM Financial Consultants Private Limited , DSP Merrill Lynch Limited , Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited are Book Running Lead Managers to the Issue with Standard Chartered - STCI Capital Markets Limited as the Co-Book Running Lead Manager, while Karvy Computershare Pvt. Ltd. is the Registrar to the Issue. Stay tuned for more on Standard Chartered PLC IDR Issue


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