— Kishore V, SME and ACW at Edumarz
- When shares are issued to the general public, the corporation must receive a minimum subscription amount in order to assign shares to the applicants.
- The word “minimum subscription” refers to the minimum quantity of shares that must be purchased.
The minimum share subscription, according to the Securities Exchange Board of India (SEBI), cannot be less than 90% of the issued amount. - If the minimum subscription is not met, the firm will be unable to distribute shares to its applicants and will refund the whole application fee to the public.