Archive for the ‘IDR’ Category

Standard Chartered PLC IDR: Makes 52 week low on SEBI conversion norms

  Standard Chartered Bank PLC IDR which is India’s first and only IDR was mercilessly hammered after SEBI announced on Friday the 3rd of June the conversion norms into underlying. At the time of issue it was made very clear by the whole management team of Standard Chartered and the host of merchant bankers that […]

Standard Chartered Bank IDR listing morning: Sedate start

Standard Chartered Bank PLC listed its IDR at the BSE and NSE respectively. The IDR’s were issued at Rs 104 with a discount of 5% to retail investors. Yesterday the closing price in London converted into Indian Rupees was Rs 1130 per share or Rs 113. The expected discount of between 6 to 8% is […]

Standard Chartered Bank IDR subscribed

Standard Chartered Bank PLC which had tapped the markets with India’s first ever IDR issue was fully subscribed. The issue had opened on Tuesday the 25th of May and closed on Friday the 28th of May. The price band for the issue was Rs 100-115 and retail investors are to be given a discount of […]

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