StanChart IDR Issue bid 10 percent till second day - Indian IPO Blog

Wednesday, May 26, 2010

StanChart IDR Issue bid 10 percent till second day

Standard Chartered PLC IDR Issue, is covered about 10% till its second day. The IDR Issue has received bids up to 0.15 times or 15% in the QIB Category till Day 2. The Retail Category has also received feeble response till now with subscription figure standing at about 0.0284 times or 2.84% till the second day

Standard Chartered Bank, the largest foreign bank in India, has India as its most profitable centre after Hong Kong. The Bank is already listed on the London and Hong Kong Stock Exchanges and has now come up with an IDR Issue. Standard Chartered PLC IDR issue will remain open till Friday, May 28, 2010. (Click here for Standard Chartered PLC IDR Issue - Bidding Status till Day 2)

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