An In Depth Review of Standard Chartered IDR revealed that its was heavily disadvantageous for retail investors and that’s what the final subscriptions numbers of the IDR listing proves as well .The Retail Portion was subscribed only by 25% – a resounding “no-confidence of StanChart IDR” which was ostensibly done to raise the public profile […]
Standard Chartered Indian Depositary Receipt (IDR) remains 90% unsubscribed till the last day of the issue.In the first 3 days it has managed to get subscription for only 10% of it issue size of 240 million Indian Depositary Receipts .That should be surprising for the issuers considering it has hired Seven Investment Banks (Goldman and […]