Is there a minimum level of subscription for a CP issue?

Is there a minimum level of subscription for a CP issue?

Yes. The minimum level of subscription for an issue may be determined by the Issuer/Promoter and stated in the Offer Documents2. However, where a minimum level of subscription for issuance has not been stated in the Offer Documents, the minimum subscription level shall be 50% of the amount approved by the Issuer’s Board of Directors (where applicable). Where the level of subscription is below the minimum level stated in the offer documents or below 50% of the approved issue size, the IPCA/IPA, shall prior to an allotment, provide a signed
attestation that investors have been made aware of this fact, failing which, the Issue shall be aborted.

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FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…
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