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