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What are the difference between under subscription and over subscription?

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S. No.  Basis for Difference  Under Subscription Over Subscription
1. Meaning The number of shares applied for is less than shares offered to the public for subscription.  The number of shares applied for us more than the shares offered to the public for subscription.
2.  Minimum subscription The problem of minimum subscription may arise.  The problem of minimum subscription does not arise
3.  Allotment of shares  All the applications for shares are allotted. Some applications are to be rejected.
4.  Refund There is no question of refund of money. Money is refunded to applicants whose applications are rejected.

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