Oversubscribed IPO: What happens when IPO is Oversubscribed [India]
What it means when we see an oversubscribed IPO? In an IPO, when the demand for shares of a company overshoots its supply, it is referred as ‘oversubscription’. Let’s see an example: On 2nd-Dec’19, bids for Ujjivan Bank’s IPO was requested. Total number of shares offered for subscription (supply) was 12.40 crore numbers. Total numbers…