Standard Chartered PLC IDR Issue - Price Band announced

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

Related Posts:

• Standard Chartered PLC IDR Issue - The First Ever IDR Issue opens from May 25, 2010
• What are Indian Depository Receipts (IDRs) 
• Standard Chartered PLC IDR Issue - Bid Lot