What is the Minimum Subscription requirement in case of issue of shares by a public limited company?

80% of the issue amount 100% of the issue amount 90% of the issue amount No such limit is prescribed.

90% of the issue amount

As per the SEBI guidelines, if the company does not receive 90% of the issue amount from the public subscription including development from underwriters within 120 days from the date of the issue, the amount of subscription received is required to be refunded to the applications. In case of disputed development also, subscription is required to be refunded if 90% of the issued amount plus accepted.