Question

Define minimum subscription. how much is the minimum subscription prescribed by SEBI?

please, anyone solved this question, it's very urgent, so please​

Answer 1

Answer:

the company does not receive applications for at least 90% of the issued amount from public subscription within 120 days from the date of the opening of the issue the company has to refund the amount of subscription. This is called Minimum Subscription

Explanation:

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