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 allotment status for Standard Chartered PLC IDR Issue is declared and can be checked from the link given below

Click here to check Standard Chartered PLC IDR Issue Allotment Status now

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

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

QIB: 0.1473 times
Non-Institutional Investors: 0.1467 times
Retail: 0.0474 times
Employees: 0.0455 times
Overall: 0.1095 times

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)

QIB: 0.1501 times
Non-Institutional Investors: 0.1396 times
Retail: 0.0284 times
Employees: 0.0176 times
Overall: 0.1018 times

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

QIB: 0.1239 times
Non-Institutional Investors: 0.0009 times
Retail: 0.0100 times
Employees: 0.0003 times
Overall: 0.0548 times

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

Check back Indian IPO Blog for the latest updates on Standard Chartered PLC IDR Issue

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

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


Related Posts:

• Standard Chartered PLC IDR Issue - Price Band announced
• What are Indian Depository Receipts (IDRs) 
• Standard Chartered PLC IDR Issue - Bid Lot

Standard Chartered PLC, a Bank listed on the London and Hong Kong Stock Exchanges, is coming up with an Indian Depository Receipts (IDRs) Issue which opens from Thursday, May 25, 2010

The price band for the issue would be decided in consultation with the Book Running Lead Managers (BRLMs), during which the closing price of the bank on the London Stock Exchange will be taken into consideration. The price band would be advertised at least one Business Day prior to the Issue Opening Date


Update: Standard Chartered PLC IDR Issue - Price Band announced

Indian Depository Receipts (IDR) are similar to Global Depository Receipts (GDRs) and American depository receipts (ADRs). Just like GDRs and ADRs, Indian Depository Receipts (IDR) are derivative instruments that have shares as the underlying assets

The IDRs allow foreign companies to raise capital in India. Like any other depository receipts IDRs are negotiable financial instruments, issued by a local depository against the shares of the foreign company's publicly-traded securities held by it.

With its IDR Issue that opens from May 25, 2010, Standard Chartered PLC becomes the first global company to file for an issue of Indian Depository Receipts in India