Minimum subscription refers to the minimum number of shares that a company needs to get from the public out of the total issue by the date of closure. The limit of minimum subscription is usually 90% of the size of the issue. This means that when shares are issued to the general public, the minimum amount that must be subscribed by the public so that the company can allot shares to the subscribers is the minimum subscription. The minimum subscription is usually specified in the prospectus. The minimum initial subscription amount is the minimum amount that an investor must subscribe to when applying for shares in an IPO. The minimum subscription term is a period of time, usually 12 months, from the date a vendor starts using a platform.