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Question

PersonShares AppliedA20kB20kC20kD20k

What is the minimum percentage of shares required to be subscribed?


  1. 90%

  2. 20%

  3. Cannot be determined

  4. 80%


Solution

The correct option is A

90%


As per the rule laid down by SEBI, a minimum of 90% of the total shares offered needs by the company has to be subscribed.

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