Standard Chartered PLC IDRS : Finally subscribed 2.20 times

by khalid on 01/06/2010 · 0 comments

Standard Chartered PLC was incorporated in 1969 through a merger of The Chartered Bank and The Standard Bank Limited. Standard Chartered PLC, Listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 20 companies in the FTSE-100 by market capitalisation. The IDR of Standard Chartered PLC has received a minimal response from the investors with the final oversubscription figure nearing to just about 2.20 times on an overall basis. All the three categories of investors have shown normal support. There was a reservation for employees but they subscribed only 0.19 times.

The category-wise subscription status of Standard Chartered PLC on closing day is given below:-

QIB : 4.14 Times
Non-Institutional Investors : 1.90 Times
Retail : 0.25 Times
Employee Reservations : 0.24 times.
Overall : 2.20 Times

The Indian Depository Receipts (IDR) of the bank are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 25th April 2010 – 28th May 2010
Issue Type : 100% Book Built Issue IDRS
Issue Size : 240,000,000 IDR
Face Value : 10 IDRs will represent one underlying share
Issue Price : Rs. 100 – Rs. 115 Per IDR
Market Lot : 200 Shares
Minimum Order Quantity : 200 Shares
Listing At : BSE, NSE

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