Standard Chartered Plc’s Indian depository receipts (IDR) continued to receive a lukewarm response from investors for the third consecutive day. The issue was subscribed 0.11 times (11%) on Thursday(excluding the bids from anchor investors). The offer received total bids for 2.23 crore IDRs out of 20.4 crore IDRs. In all, including subscription from anchor investors, the issue as of date has been subscribed 24% of its total size. Investment bankers point out that collections are usually affected on bank holidays. Around 50% of the portion reserved for qualified institutional buyers (QIBs) category was subscribed 0.15 times with maximum number of bids coming from FIIs. The offer has not received a single bid from domestic financial institutions so far.