Standard Chartered PLC has launched Indian Depository Receeipts (IDRs) with price band of Rs 65 - Rs 75. The company 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.

IDR / IPO Summary:

Issue Open: May 25, 2010 - May 28, 2010
Issue Size (Rs Crore):  Rs. 2,400.00 - 2,760.00 Crore
Face Value: $0.50 Per Equity Share
Issue Price: Rs 100 -115 Per Equity Share
Market Lot: - 50
Minimum Order Quantity: - 200
Issue Type: 100% Book Built Issue IDRS
Listing At: BSE, NSE

IPO Review:

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One Response to “Standard Chartered PLC IDRS”

1. Selva says:

   May 28, 2010 at 11:46 AM

   I have made a bit of research on the issue based on Business Risk, Systematic Risk and Currency risk and have come to a conclusion to stay away from the IDR issue unless it addresses specific risks of the investors’ portfolios.