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Standard Chartered PLC IDRS is a book build issue .
Standard Chartered PLC IDRS bidding started from May 25, 2010 and ended on May 28, 2010. The shares got listed on BSE, NSE on Jun 11, 2010.
Standard Chartered PLC IDRS price band is set at ₹104.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹20,000 (200 shares). The lot size investment for sNII is 10 lots (2,000 shares), amounting to ₹2,08,000, and for bNII, it is 49 lots (9,800 shares), amounting to ₹10,19,200.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Standard Chartered PLC IDRS RHP for detailed Information.
| IPO Date | May 25, 2010 to May 28, 2010 |
| Listing Date | June 11, 2010 |
| Face Value | ₹[.] per share |
| Issue Price Band | ₹100 to ₹115 per share |
| Issue Price Final | ₹104 per share |
| Lot Size | 200 Shares |
| Issue Type | Bookbuilding IDRS |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,02,94,35,637 shares |
| Share Holding Post Issue | 2,07,22,19,904 shares |
Standard Chartered IDR offers total 20,40,00,000 shares. Out of which 8,40,00,000 allocated to QIB, 4,32,00,000 (21.18%) allocated to NII, 7,20,00,000 (35.29%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 8,40,00,000 | NA |
| NII (HNI) Shares Offered | 4,32,00,000 (21.18%) | NA |
| Retail Shares Offered | 7,20,00,000 (35.29%) | 3,60,000 |
| Employee Shares Offered | 48,00,000 (2.35%) | NA |
| Total Shares Offered | 20,40,00,000 (100.00%) |
Standard Chartered PLC IDRS opens on May 25, 2010, and closes on May 28, 2010.
| IPO Open Date | Tue, May 25, 2010 |
| IPO Close Date | Fri, May 28, 2010 |
| Tentative Listing Date | Fri, Jun 11, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 28, 2010 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹20,800 |
| Retail (Max) | 9 | 1,800 | ₹1,87,200 |
| S-HNI (Min) | 10 | 2,000 | ₹2,08,000 |
| S-HNI (Max) | 48 | 9,600 | ₹9,98,400 |
| B-HNI (Min) | 49 | 9,800 | ₹10,19,200 |
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 London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last few years primarily as a result of organic growth, supplemented by acquisitions.
From the early 1990s, Standard Chartered has focused on developing its strong franchises in Asia, Africa and the Middle East. It has concentrated on consumer, corporate and institutional banking and on the provision of treasury services - areas in which the Group had particular strength and expertise. The company celebrated its 150th anniversary in India in April 2008, having opened its first branch in 1858 in Kolkata.
The Company Standard Chartered IDR proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | to provide Indian investors with an opportunity to invest in the Company and participate in its growth. The Company has been established in India for many years, is committed to India’s future and believes that India will remain a growing and key market – the Issue demonstrates that commitment; | |
| 2 | to increase the market visibility and brand perception of the Company in India | |
| 3 | to support growth across the Company’s businesses globally. The current economic circumstances and related market dislocation have presented unique opportunities to deploy capital into selected areas where the competitive environment, pricing levels and returns are particularly attractive; and | |
| 4 | to widen the Company’s investor base and to provide a new source of capital. |
| Listing Date | June 11, 2010 |
| BSE Script Code | 580001 |
| NSE Symbol | STAN |
| ISIN | INE028L21018 |
| Final Issue Price | ₹104 per share |
| BSE Listing Group | B |
Standard Chartered PLC
Crescenzo C-38/39 ‘G’ Block
Bandra Kurla Complex
Bandra East
Mumbai, Maharashtra, 400051
Phone: +91 22 6115 7000
Email: group-corporate.secretariat@sc.com
Website: http://www.standardchartered.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: scbidr.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Standard Chartered PLC IDRS is a main-board IDRS of 0 equity shares of the face value of ₹[.] aggregating up to ₹[.] Crores. The issue is priced at ₹104 per share. The minimum order quantity is 200.
The IDRS opens on May 25, 2010, and closes on May 28, 2010.
Kfin Technologies Ltd. is the registrar for the IDRS. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Standard Chartered PLC IDRS using UPI as a payment gateway. Zerodha customers can apply in Standard Chartered PLC IDRS by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Standard Chartered PLC IDRS through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Standard Chartered PLC IDRS opens on May 25, 2010 and closes on May 28, 2010.
Standard Chartered PLC IDRS lot size is 200, and the minimum amount required for application is ₹20,800.
You can apply in Standard Chartered PLC IDRS online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Standard Chartered PLC IDRS will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Standard Chartered PLC IDRS allotment status.
The Standard Chartered PLC IDRS listing date is on Friday, June 11, 2010.
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