Standard Chartered PLC IDR Issue subscribed 5% on the Opening Day - Indian IPO Blog

Tuesday, May 25, 2010

Standard Chartered PLC IDR Issue subscribed 5% on the Opening Day

Standard Chartered PLC IDR Issue is bid 0.0548 times or approximately 5% on its opening day. The IDR Issue is the first of its kind in India, whereby Ten Indian Depository Receipts (IDRs) would equal to one share of Standard Chartered PLC. The price band for each IDR is Rs.100/- to Rs.115/- per IDR with Retail Investors and Eligible Employees entitled to a 5% Discount on the Final Issue Price

The issue is subscribed about 12% in the QIB Category and about 1% in the Retail Category till the First day of its opening. SC IDR Issue will remain open for subscription till Friday, May 28, 2010

Click here to check out Category-wise subscription status of the IDR Issue till First Day

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