First of all, what is an IDR and how is it different from a normal stock like State Bank of India or TCS?The concept of Standard Chartered IDR is unique -it is the first time it is coming to the Indian Markets. We all are aware about Indian companies floating GDR and ADR in foreign markets like USA and other countries. The same concept applies here ? Standard Chartered being a foreign bank wants to trade in local Indian Markets, hence it is going for IDR or Indian Depository Receipts. As per the IDR regulations, the proceeds from this Standard Chartered IDR issue will be repatriated to United Kingdom, the country where Standard Chartered is headquartered. There would be an issue of 240,000,000 IDRs with 10 IDRs representing 1 share of Standard Chartered PLC of US$ 0.50 nominal value.Now is investing in StanC IDR a good option…?Bank-specific ppi judicial review factorsStandard Chartered (StanC) is a leading international bank with over 150 years of track record, with a relatively larger share of revenues from Asia, Middle East and Africa as compared to peer banks head quartered in the Europe and US. StanC has over 500 offices in more than 50 countries in the Asia Pacific region, South Asia, the Middle East, Africa, United Kingdom and the Americas. StanC operates primarily in 5 key business lines – Consumer banking, wholesale banking, commercial/SME banking, Islamic banking & Private banking. It derives over 60% of of its topline from retail banking while commercial banking has the next largest share with over 22% share. The bank has a top 5 market position in several of its operating markets across Asia, Africa and the Middle East, especially in the consumer banking and wholesale banking areas.