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Standard Chartered PLC IDRS (Standard Chartered IDR) Detail

May 25, 2010 - May 28, 2010

Standard Chartered IDR is a book built issue of Rs 2,486.35 crores.

Standard Chartered IDR bidding started from May 25, 2010 and ended on May 28, 2010. The shares got listed on BSE, NSE on June 11, 2010.

Standard Chartered IDR price band is set at ₹100 to ₹115 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹23,000.

Bofa Securities India Limited, Goldman Sachs (India) Securities Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited and Ubs Securities India Private Limited are the book running lead managers of the Standard Chartered IDR, while Kfin Technologies Limited is the registrar for the issue.

Refer to Standard Chartered IDR RHP for detailed information.

Standard Chartered IDR Details

IPO Date May 25, 2010 to May 28, 2010
Listing Date June 11, 2010
Face Value ₹ per share
Price Band ₹100 to ₹115 per share
Lot Size 200 Shares
Total Issue Size240,000,000 shares
(aggregating up to ₹2,486.35 Cr)
Issue Type Book Built Issue IDRS
Listing At BSE, NSE

Standard Chartered IDR Reservation

Standard Chartered IDR offers 204,000,000 shares. 84,000,000 (41.18%) to QIB, 43,200,000 (21.18%) to NII, 72,000,000 (35.29%) to RII, 4,800,000 (2.35%) to employees. 360,000 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 1,800 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered84,000,000 (41.18%)NA
NII (HNI) Shares Offered43,200,000 (21.18%)
Retail Shares Offered72,000,000 (35.29%)360,000
Employee Shares Offered4,800,000 (2.35%)NA
Total Shares Offered204,000,000 (100%)

Standard Chartered IDR Lot Size

Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 200 ₹23,000
Retail (Max) 8 1600 ₹184,000
Lot Size Calculator

About Standard Chartered PLC

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.

Standard Chartered IDR Subscription Status (Bidding Detail)

The Standard Chartered IDR is subscribed 2.20 times on May 28, 2010 7:00:00 PM. The public issue subscribed 0.25 times in the retail category, 4.15 times in the QIB category, and 1.90 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

  • Indian Depository Receipt IDR frequently asked questions (FAQs).
  • Standard Chartered IDR Prospectus

    Standard Chartered IDR Rating

    Rating:Rated 3.3 stars
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    Standard Chartered IDR Listing Details

    Listing Date June 11, 2010
    BSE Script Code 580001
    NSE Symbol STAN
    ISIN INE028L21018
    Final Issue Price ₹104 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Last Trade

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    Standard Chartered PLC Contact Details

    Standard Chartered PLC
    1 Aldermanbury Square,
    Phone: +44 (0)20 7885 8888

    Standard Chartered IDR Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000

    Standard Chartered IDR FAQs

    Standard Chartered IDR is a main-board IDRS of 240,000,000 equity shares of the face value of ₹ aggregating up to ₹2,486.35 Crores. The issue is priced at ₹100 to ₹115 per share. The minimum order quantity is 200 Shares.

    The IDRS opens on May 25, 2010, and closes on May 28, 2010.

    Kfin Technologies Limited is the registrar for the IDRS. The shares are proposed to be listed on BSE, NSE.

    The Standard Chartered IDR opens on May 25, 2010 and closes on May 28, 2010.

    Standard Chartered IDR lot size is 200 Shares, and the minimum amount required is ₹23,000.

    You can apply in Standard Chartered IDR online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    The finalization of Basis of Allotment for Standard Chartered IDR will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Standard Chartered IDR allotment status.

    The Standard Chartered IDR listing date is on June 11, 2010.
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    Standard Chartered IDR Message Board

    Ranked Members of Forum  Ranked Members | Members with Most Likes



    330. mary |   Link |  Bookmark |July 1, 2010 9:12:43 PM
    ravi bangalore,

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

    329. Ravi, Bangalore |   Link |  Bookmark |June 28, 2010 12:52:51 PM
    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.
    328. mary |   Link |  Bookmark |June 26, 2010 8:12:07 PM
    dear ravi banagalore,

    thx again.
    essaroil is still there.
    wilco soon.
    how long shud one wait for underperformance to
    become concretised...for an investor.
    327. Ravi, Bangalore |   Link |  Bookmark |June 25, 2010 7:03:37 PM
    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.
    326. Ravi, Bangalore |   Link |  Bookmark |June 25, 2010 4:06:46 PM
    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.
    325. Ravi, Bangalore |   Link |  Bookmark |June 25, 2010 1:01:15 PM
    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.
    324. mary |   Link |  Bookmark |June 24, 2010 11:50:44 PM
    dear ravi bangalore,

    thx a million, once gain.
    for the brief but excellent explanation.
    and valuable advice.
    hope we will be in touch.
    323. Ravi, Bangalore |   Link |  Bookmark |June 24, 2010 8:27:21 PM
    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.
    322. mary |   Link |  Bookmark |June 24, 2010 7:38:33 PM
    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?

    321. Ravi, Bangalore |   Link |  Bookmark |June 23, 2010 8:55:56 PM
    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.
    320. Ravi, Bangalore |   Link |  Bookmark |June 23, 2010 5:13:14 PM
    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.

    319. mary |   Link |  Bookmark |June 22, 2010 7:08:55 PM
    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.

    318. Ravi, Bangalore |   Link |  Bookmark |June 22, 2010 11:43:10 AM
    318. K.K.Natarajan

    Wait for sometime.
    317. K.K.Natarajan |   Link |  Bookmark |June 22, 2010 6:19:54 AM
    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?
    316. Ravi, Bangalore |   Link |  Bookmark |June 21, 2010 4:49:56 PM
    "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.
    315. Ravi, Bangalore |   Link |  Bookmark |June 21, 2010 3:37:20 PM
    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.
    314. Ravi, Bangalore |   Link |  Bookmark |June 21, 2010 1:23:36 PM
    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.
    313. T.C |   Link |  Bookmark |June 19, 2010 8:49:58 AM
    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.
    312. WiseOwl, Perth |   Link |  Bookmark |June 18, 2010 7:31:05 PM
    @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.
    311. Ravi, Bangalore |   Link |  Bookmark |June 18, 2010 5:57:47 PM
    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.