Underbooked

(redirected from Under-Subscription)

Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.

Underbooked

Describing a situation in which investors show a lack of interest in a new issue of a security. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. If investors do not show interest, the security is said to be underbooked. This may affect the price when the security is actually issued. See also: Fully circled.

underbooked

Of, relating to, or being a new security issue in which investment bankers find a general lack of interest among investors before the issue date.
References in periodicals archive ?
Due to the incessant market fall, the initial public offering (IPO) market has dried up as potential entrants have put their plans on hold, fearful of under-subscription.
The promoter and promoter group also reserves the right to subscribe either itself or through investors for additional shares in the issue, including in the event of under-subscription by the public, in accordance with the applicable laws.
In the event of an over- or under-subscription to the 10 percent allotment, a 'clawback' or 'clawforward' mechanism will be implemented.
According to him, raising fresh capital requires investors' willingness to buy shares, and that quoted companies had to exercise caution in order not to risk under-subscription.
De Leon also said that the government lowered the volumes of the offering to avoid under-subscription alongside high throw-away bids during auctions.
Under-subscription, funding pressures and the withdrawal of sponsors have cast doubt over the long-term viability of schools in the Hexham, Haltwhistle and Haydon Bridge areas.
"Tightening of monetary policy has been effective in stabilizing the exchange rate but tight liquidity conditions have contributed to persistent under-subscription of treasury bills and bonds.
He said: "Halewood Academy has had to review its sixth form provision due to a reduction in funding and student under-subscription.
Having received the money as bridge finance, the sponsors often tended to delay IPOs for the fear of under-subscription. In many cases the IPOs never saw the light of the day.
He said: "The minister has increased the capital budget of the Irish medium sector five-fold over the past two and half years despite there being a clear under-subscription of some 830 places.
Global Banking News-30 July 2008-Egypt's NBD reports under-subscription of rights issue(C)2008 ENPublishing - http://www.enpublishing.co.uk
INDICATIONS emerged at the close of last week trading that low activities in the market led to under-subscription at the last auctioning of treasury bills for 2017, at the Open Market Operations (OMO) conducted by the Central Bank of Nigeria (CBN).