The value states on a share certificate is called par value or face value of a share .

When the number of share application received exceeds the number of share issued,it is called over subscription of shares.

When the number of share applies by the public is less than the number of share issued by the company for subscription,it is called under subscription of share .

The situation, when a company may recive share application for at least 50%of it's issued capital, is called minimum subscription of shares.

When the shares are alloted in a proportionate basis in case of oversubscription of shares , it is called pro-rata allotment of shares .

When a share is issued at price which is excess than the par value, it is said to be issue of share at premium .