Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applica

Question

Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applica

Z Ltd. offered to public 80,000 shares for subscription. Applications were received for 1,30,000 shares and pro rata allotment was made to the applicants. X applied for 52,000 shares and Y was allotted 16,000 shares.
On the basis of above information, calculate:
(i) How many applications have been rejected?
(ii) What is the pro rata ratio?
(iii) How many shares were allotted to X ?
(iv) How many shares were applied by Y ?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

(i) No application was rejected altogether since pro rata allotment was made to all the applicants.
(ii) Pro rata ratio = No. of shares allotted : No. of shares applied
=80,000 : 1,30,000 or 8:13.
It means that 8 shares are allotted to an applicant who has applied for 13 shares.
(iii) No. of shares allotted to X = `(80,000)/(1,30,000)xx52,000` or `(8)/(13)xx52,000`=32,000 shares.
(iv) No. of shares applied by Y = `(1,30,000)/(80,000)xx16,000` or `(13)/(8)xx16,000` = 26,000 shares.