Standard Chartered PLC IDRS Calculators

You can apply for Standard Chartered PLC IDRS online through the Netbanking ASBA facility provided by your bank or through offline mode by filling and submitting the physical IPO application form.

Steps to apply online in Standard Chartered PLC IDRS as HNI

1. Log into your Netbanking.
2. Go to Investment/IPO section.
3. Select the desired IPO.
4. Enter the investor category/Status as HNI.
5. Fill in the bid details viz. Quantity/lots and price.
6. Enter the personal information viz., Applicant name, PAN No., Email id, Bank account no., depository details.
7. Apply.

Steps to apply offline in Standard Chartered PLC IDRS as HNI

1. Procure the IPO application form from the nearest broker office, syndicate member office, or download the application form from NSE/BSE website.
2. Fill in the below details in IPO Form:
   • Applicant Name
   • PAN Number
   • Bid Details - Quantity, Price
   • ASBA Bank Account Number
   • Tick the investor category as HNI.
3. Submit the form to the nearest syndicate member/broker office.

Points to Note

• An HNI cannot place a bid at the cut-off price.
• An HNI cannot apply through UPI considering the UPI IPO Transaction limit of ₹2 lakhs.

You can invest in Standard Chartered PLC IDRS as HNI through ASBA Netbanking or offline mode.

You need to enter all the required details viz. the bid quantity, amount, depository details, bank account no., applicant name, PAN No. to apply for IPO online or offline. You need to ensure to select the investor category as HNI.

It is important to note that as an HNI, you cannot bid in IPO at the cut-off price.

You cannot apply in Standard Chartered PLC IDRS through the Zerodha IPO application(Console) in the HNI category as Zerodha offers a UPI-based IPO Application that has a limit of a maximum of ₹2 lakh per transaction. 

You can apply using the ASBA facility offered by the banks to invest in the HNI category.

The three main factors that decide the feasibility to invest in Standard Chartered PLC IDRS using the IPO funding route.

1. IPO Subscription Rate - This is one of the most critical factors that help decide whether an HNI should opt for a loan or not. The higher the subscription, the lower is theallotment. In the case of lesser allotment in IPO, selling that small chunk may not cover the entire funding cost and thus reduce the chances of earning profits.
2. IPO Listing Price - If the IPO listing is expected at a good premium, taking an IPO loan should not be a burden as selling the shares on listing would earn handsome profit to cover the funding interest cost and the IPO price.
3. IPO Funding Rate - Generally, IPO funding is available at around 7%-10%. The above IPO funding cost table shows an estimated cost that can help you arrive at the break-even point to assess the probability of earning profit based on the expected listing price and over subscription.