This report analyses IPOs that opened for public subscription but were later withdrawn before listing on the stock exchange.
An IPO must achieve at least 90% subscription to proceed. If this threshold is not met, the issue is withdrawn. Companies may also voluntarily cancel an IPO in response to weak market sentiment, industry challenges, or a strategic reassessment.
In the event of such a withdrawal, the issuer will refund all subscription amounts to investors within 4 working days of the issue’s closure.
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