Standard Chartered PLC IDRS : Listing on 11th Jun 2010

by khalid on 12/06/2010 · 3 comments

Standard Chartered PLC IDRS is a new investment instrument for Indian Market. Standard Chartered PLC has entered the capital market with an Indian Depository Receipts (IDR) of 240,000,000 IDRS of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the IDR of its recent Issue will list on 11th Jun 2010. The IDR was open from 25th May 2010 to 28th May 2010. The price band was Rs 100 to Rs 115 and the Issue Price was fixed at Rs 104 per IDR.

IDR Listing Detail :-
Listing Date: 11th Jun 2010
BSE Scrip Code: 580001
Listing In: B Group of Securities
ISIN: INE028L21018
Issue Price: Rs 104.00 Per IDR
Face Value: Rs 10.00 Per IDR

Issue Detail:-
Issue Open : 25th May 2010
Issue Closes : 28th May 2010
Issue Type : 100% Book Builing Issue IDR
Issue Size : 240,000,000 IDR of Rs 10 each
Issue Size : Rs. 2496.00 crores
Face Value : Rs 10 Per IDR
Issue Price : Rs. 100 – Rs. 115 Per IDR
Market Lot : 200 IDR
Minimum Order Quantity : 200 IDR
Listing At : BSE, NSE

The Indian Depository Receipts (IDRs) of Standard Chartered PLC are going to be listed 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

The IDRS of the Bank are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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