What are the consequences if a company is not able to raise minimum subscription?

If a company fails to raise the minimum subscription in a public offering, it may be unable to proceed with the IPO, leading to a loss of investor confidence and potential reputational damage. Additionally, the company may have to delay or abandon its plans for raising capital, which can hinder its growth and operational strategies. This situation can also result in financial strain, as the company may have incurred costs related to the IPO process without generating the anticipated funds.