Monday, May 24, 2010

Standard Chartered PLC Price 100-115 per IDR (5% Discount to retail)

OPENS ON: 25/05/2010 
CLOSES ON: 28/05/2010

COMPANY DETAILS:
• SCB, one of the leading international banking and financial services company. SCB particularly
focuses on the markets of Asia, Africa and the Middle East.
• The Company offers its products and services in the personal, consumer, corporate,
institutional and treasury areas.
• The Group operates in approximately 1,700 branches and outlets, 5679 ATMs in more than 71
countries – a key part of the distribution network for the Consumer Banking Business.
• The Company has over 300 direct and indirect subsidiaries, joint ventures and associates.
• 2009 is the 7th consecutive year in which the Company has demonstrated a sustained and
consistent track record of delivering record operating income and record profits. Over this
period, the Company achieved a CAGR of 19% for income and 22% and for profits.
• The Group has significant operations in the Asia region, which accounted for over 75% of its
US$5,151 million total profit before taxation.


Issue Details:
Issue Size 240,000,000 IDR's
Face value 10 IDRs represent one share
Exchanges NSE & BSE
Minimum Lot Size for Retail 200 IDR's
Minimum Lot Size for HNI 1050 IDR's
Bid Multiple 50 IDR's
Price band 100-115 per IDR (discount of 5% to retail investors whose
Bid is less than Rs.1, 00,000)


OBJECTIVE OF THE ISSUE:
• 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;
• To increase the market visibility and brand perception of the Company in India;
• 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;
• To widen the Company's invest or base and to provide a new source of capital.

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

1 comment:

Abhishek Shah said...

I can’t understand the rationale for why Standard Chartered is doing an IDR.”The issue will also increase our market visibility and brand profile, apart from giving Indian investors an opportunity to participate in our growth,” said Peter Sands, group chief executive.I can’t understand the logic of the above statement.If its a PR exercise why not buy some ad slots?
http://greenworldinvestor.com

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest