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Standard Chartered PLC IDRS (Standard Chartered IDR) Detail

May 25, 2010 - May 28, 2010

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.

Issue Detail:

  »»  Issue Open: May 25, 2010 - May 28, 2010
  »»  Issue Type: 100% Book Built Issue IDRS
  »»  Issue Size: 240,000,000 Equity Shares of Rs.
  »»  Issue Size: Rs. 2,486.35 Crore
  »»  Face Value: Rs. Per Equity Share
  »»  Issue Price: Rs. 100 - Rs. 115 Per Equity Share
  »»  Market Lot: 200 Shares
  »»  Minimum Order Quantity: 200 Shares
  »»  Listing At: BSE, NSE

  • Indian Depository Receipt IDR frequently asked questions (FAQs).
  • Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQIBNIIRIIEmployeeTotal
    Shares Offered / Reserved84,000,00043,200,00072,000,0004,800,000204,000,000
    Day 1 - May 25, 2010 17:00 IST0.12390.00090.01000.00030.0500
    Day 2 - May 26, 2010 17:00 IST0.15010.13960.02840.01760.1000
    Day 3 - May 27, 2010 17:00 IST0.14730.14670.04740.04550.1100
    Day 4 - May 28, 2010 19:00 IST4.14761.90160.25290.19792.2000

    Standard Chartered IDR Prospectus

    Standard Chartered IDR Rating

    197
    3.3
    Rating:Rated 3.3 stars

    Vote Here ...

    Standard Chartered IDR Listing Date

    •   ›  Listing Date: Friday, June 11, 2010
    •   ›  BSE Script Code: 580001
    •   ›  NSE Symbol: STAN
    •   ›  Listing In: 'B' Group of Securities
    •   ›  Sector: Banks
    •   ›  ISIN: INE028L21018
    •   ›  Issue Price: Rs. 104.00 Per Equity Share
    •   ›  Face Value:

    Standard Chartered IDR News Alerts

    1. Wednesday, June 9, 2010 1:01:49 PM
      IPO Listing - Standard Chartered PLC
    2. Wednesday, June 9, 2010 12:46:56 PM
      IPO Allotment - Standard Chartered PLC
    3. Friday, May 28, 2010 9:44:10 AM
      Standard Chartered IDRs finally subscribed 2.20 times
    4. Wednesday, May 26, 2010 7:53:55 AM
      Standard Chartered PLC IDRs subscribed 0.10 times on day 2
    5. Sunday, May 23, 2010 1:01:02 PM
      IDRS - Standard Chartered PLC

    Company Contact Information

    Standard Chartered PLC
    1 Aldermanbury Square,
    London
    EC2V 7SB, UNITED KINGDOM
    Phone: +44 (0)20 7885 8888
    Fax: +44 (0)20 7885 7337
    Email: group-corporate.secretariat@sc.com
    Website: http://www.standardchartered.com

    Standard Chartered IDR Registrar

    Karvy Computershare Private Limited   »  Report
       Karvy House, 46, Avenue 4, Street No. 1,
       Banjara Hills, Hyderabad - 500 034
       Andhra Pradesh, India

    Phone: +91-40-23312454
    Fax: +91-40-23311968
    Email: scbidr.ipo@karvy.com
    Website: http://karisma.karvy.com

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    Standard Chartered IDR Review / Comments

    avatar
    330. mary  Jul 1, 2010 9:12:43 PM IST Reply
    ravi bangalore,

    thx a million again.
    noted all.
    yr advice was logical & to the point.
    specially about the time averaging.

    thx
    avatar
    329. Ravi, Bangalore  Jun 28, 2010 12:52:51 PM IST Reply
    329. Mary

    You need not be brilliant to outperform indicies. If you go for brokerage reports, they might have vested interest & hence, you may run the risk. However, history says, even seemingly out of fashion stocks could give a recent return over long-time. But, you should follow the basics - i.e. either to use stop-loss or time averaging.

    If you don't like using stop-loss, use time-averaging technich i.e. typically invest in four instalements over one year (with three months gap).

    Here, there are two possibilities: -

    After you invest 25% capital in 1st instalement, either your portfolio will be in profit or loss.

    In case of loss is wider (say more than 20%), buy those stocks again after three months. In case your portfolio is in profit, go for different stocks (& in different sectors).

    Typically don't invest in more than 10 - 15 stocks as tracking becomes difficult.

    As I am busy right now, I will give you list of underperforming stocks. You can choose among them.

    It will take some time as many websites does not adjust for bounus, stock-split etc. In that case, you may end up choosing wrong stocks. Hence, I need to check for yearly chart before taking decision (to know whether it is adjusted for bounus / stock-split or not). Some stocks have lost more than 80% also from their peak - Educomp, Aban etc.
    avatar
    328. mary  Jun 26, 2010 8:12:07 PM IST Reply
    dear ravi banagalore,

    thx again.
    essaroil is still there.
    wilco soon.
    how long shud one wait for underperformance to
    become concretised...for an investor.
    thx
    rgds
    m
    ---
    avatar
    327. Ravi, Bangalore  Jun 25, 2010 7:03:37 PM IST Reply
    323. Mary

    Today I bought Essar Oil @ 134. I am holding for short-term for a target of 139, 148+ with a stop at 126.

    In case you have exited, just forget. Stock market will not close from tomorrow. You get opportunities in some other scripts. In market, cash is king.
    avatar
    326. Ravi, Bangalore  Jun 25, 2010 4:06:46 PM IST Reply
    Suzlon (57.80)

    Rights issue priced at Rs.61 i.e. above prevailing market price.

    The zone between 57.8-53.5 is no trading zone for short-term traders. However, for investors as long as it holds 53.5, every dip is buying opportunity.

    Above 57.9, it becomes bullish. Target 61.5 (normal high), 67.95 (extremely high) or even 71.75+ (most extremely high). Stop-loss 53.50 for traders.

    Below 53.5, it has support at 52.1, 47.65 & few points below 43.25.
    avatar
    325. Ravi, Bangalore  Jun 25, 2010 1:01:15 PM IST Reply
    323. Mary

    If your scripts are underperforming, exiting at one go & investing in better companies is good idea.

    Gross underperformance is a signal that stock selection & investment style need to be re-looked.

    As you don't keep stop-loss, time averaging (investing in four instalemtns once in three months is very important). In 2008 bear market (mother of all bear-markets in history), bearishness lasted from January to October i.e. in 10 months. Considering this, I advise to invest over one year time frame in instalments.

    If you go for price average, it is not possible to decide which is low or high. You may agree that some Reliance Group comapnies, real-estate & many small-cap comapnies lost more 90% value from their peak. In such cases, you may throw money to drains while doing price average.
    avatar
    324. mary  Jun 24, 2010 11:50:44 PM IST Reply
    dear ravi bangalore,

    thx a million, once gain.
    for the brief but excellent explanation.
    and valuable advice.
    hope we will be in touch.
    thx
    rgds
    tc
    mary
    --------
    avatar
    323. Ravi, Bangalore  Jun 24, 2010 8:27:21 PM IST Reply
    323. Mary /K.K.Natarajan

    Invest 25% of capital in Suzlon, Reliance Capital & DLF. Every three months invest 25% capital & thus you will be fully invested over one year period.

    You need not invest in these companies itself. You will be investing your capital at different cycles of market. No matter even if market is up after three months, you invest another 25% in different scripts.

    Thus you invest your capital at different market cycles over one year. As you don't like to put stop-loss, this is a good idea. You don't get struck with all your money.

    In case you get struck with 50% of capital, you can keep rotating balance amount so that your cost price will be close to prevailing market price. Moreover, downside is less in these stocks as it is already beaten-down.

    Remember, todays underperformers are tomorrows outperformers & today's outperformers are tomorrow's underperformers.
    avatar
    322. mary  Jun 24, 2010 7:38:33 PM IST Reply
    dear ravi bangalore,

    thx a ton for the edelweiss info.

    will exit ntpc/essaroil/grasim as advised.
    shud i exit in 1 go?

    where is the best buzz available?
    on moneycontrol?

    are there any beaten down in group A?

    thx
    rgds
    tc
    mary
    ------
    avatar
    321. Ravi, Bangalore  Jun 23, 2010 8:55:56 PM IST Reply
    320. Mary

    My dear friend Mr Ajay Ghosh told that Edelweiss has bonus & stock-split news. If it is true, then exit as soon as it becomes public. There is adage- BUY on rumours & SELL on news.

    If you like brokerage stocks, prefer India Infoline or Indiabulls Securities. They are not only beaten out-of-shape but also have operator's fancy.

    Meanwhile, it has unexpetedly become very bullish & crossed even third target (most extremely overbought zone). Keep in mind some price level to exit if it start falling unexpetedly.

    You should concentrage on getting your investment back, not grudge on any stock that you lost in Edelweiss & you should get in that stock only.

    Don't love or hate any stocks. We loose because of our own home-work & decision.
    avatar
    320. Ravi, Bangalore  Jun 23, 2010 5:13:14 PM IST Reply
    320. mary

    You need to buy when they buzz. Otherwise, they may keep falling 1% or 2% whenever market falls.

    Buzzing is a kind of confirmation that some big investors are accumulating. You might have noticed that buzzing started since 15 days. However, buying in three instalments over 18 months (once in six months) is better idea. This strategy preferable as I believe you don't like putting stop-loss. As you don't want to put stop-loss, you don't buy in lumpsum.

    avatar
    319. mary  Jun 22, 2010 7:08:55 PM IST Reply
    dear ravi bangalore,

    thx a million again.
    noted all the gems.

    now awaiting the gems on beaten-down
    stocks in 'A'.

    shud the loss-booking be done without
    regard to any adjustment on STCG which
    may or may not be available at the time of sale.

    thx
    rgds
    mary
    avatar
    318. Ravi, Bangalore  Jun 22, 2010 11:43:10 AM IST Reply
    318. K.K.Natarajan

    Wait for sometime.
    avatar
    317. K.K.Natarajan  Jun 22, 2010 6:19:54 AM IST Reply
    Ravi, Bangalore,
    For the benefit of new comers why can't you suggest some beaten down stocks in Group A. Aban, Educomp, DLF, Unitech, Suzlon, GMR infra, etc., all fall in this category, aren't they?
    avatar
    316. Ravi, Bangalore  Jun 21, 2010 4:49:56 PM IST Reply
    "Honey, if I lost everything, would you still love me?" I'd love you, but I sure would missu you".

    At a time when the valuation seem to be stretched, it can be a better idea to buy the beaten down stocks.

    When compared to market's historic / trailing valuations, the current valuation seem to have captured the expected growth. History shows that in the long run, even the seemingly out of fashion stocks have the potential to do well. However, prefer A Group stocks.

    Investing in beaten down stocks can yield handsome returns. But you should buy in at least three instalments over 18 months period (once in six months - it is call 'time averaging'). This strategy is described as "buy low" or "going against the tide".

    While we invest in markets, we need to be prepared for market risks & volatility. You can make the market works for you the best by investing in instalments. Time avaraging is better than price averaging as market has no top or bottom.
    avatar
    315. Ravi, Bangalore  Jun 21, 2010 3:37:20 PM IST Reply
    313. WiseOwl, Perth

    Warren Buffet's Fund is not No.1. George Soros Quantum Fund (trader) & many hedge funds (short-term funds with one buy & another sell strategy) have outperfored Warren Buffet.

    Mr Warren Buffet is a safe investor. But we cant easily outperform Warren Buffet if we stick to basic money management rules.
    avatar
    314. Ravi, Bangalore  Jun 21, 2010 1:23:36 PM IST Reply
    313. WiseOwl, Perth

    You need not be accountant to study fundamentals or mathematician to study technicals. Simple money management technich could help you to beat benchmark.

    Simply buy beaten-down A Group stocks in three instalments over 18 months period (with six months gap), you beat benchmark. Only 10 stocks with different sectors is good enouch to beat benchmark. That is consistent & can be easily practiced by novice also.
    avatar
    313. T.C  Jun 19, 2010 8:49:58 AM IST Reply
    HDFC mutual fund ka vice pracident choori karta pakada gaya hi, investors kay paisay say jua khal raha tha, cbi,sebi, govt. And amfi ko batana chahiy ki kiya action liya gaya.
    avatar
    312. WiseOwl, Perth  Jun 18, 2010 7:31:05 PM IST Reply
    @305 Ravi, Bangalore,
    Agree with your views, that both technical and fundamental analysis have their place.
    I was merely making the point that Fundamental analysis is not difficult to do, even for individual investors and was sharing a formula that I use that combines a lot of fundamental analysis and bit of technical analysis and collective wisdom of brokers.
    Both technical and fundamental are chasing the same thing. Fundamental analysts (or insiders) get on the boat first, and cause the price to start trending in up or down, and technical analysts try to recognize the patterns to find good entry points.
    By the way I read in one of your posts that you manage a return of 10-30% in 6 months is that consistent? Mr. Buffet can manage only ~20% but consistent for 40+ years, and a shocking statistic is that about 70% of professional fund managers are unable to beat the benchmark index. You belong to Greenwich, Connecticut not Bangalore.
    avatar
    311. Ravi, Bangalore  Jun 18, 2010 5:57:47 PM IST Reply
    311. Mary

    Booking loss is painful decision. However, my personal opinion is hold Bharti, JP Associates, SJVN.

    Exit counters like Edelweiss, Essar Oil (some other good stock is preferable over this), Grasim & NTPC (it is slow mover, you can pick much better stock).

    With whatever amount you get, invest in beaten down 'A' Group stocks in two instalments in staggered manner (with three months gap) during market correction (let us say when Nifty corrects 100 - 150 points).

    Don't chase any news-counters e.g.:- bonus, stock-split, dividend, AGM / EGM, order-flow etc.






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