Cpt accounts
Divesh Changoiwala (Student CA IPC / IPCC) (26 Points)
16 May 2015Divesh Changoiwala (Student CA IPC / IPCC) (26 Points)
16 May 2015
ROSHAN PAUL JOSEPH
(CA Final student)
(311 Points)
Replied 16 May 2015
Jag Bhushan Sharma
(Faculty in a B-School)
(633 Points)
Replied 06 June 2015
Since out of 200000 shares which were issued by the company, only 160000 shares were underwritten by A and B, 40000 shares have been subscribed by other underwriters. It means A & B and other underwriters have subscribed in the ratio 160000 : 40000 or 4 : 1. Now public has subscribed to only 160000 shares, It means the company will allocate these applications to A&B and other subscribers in the ratio 4 : 1.
A & B share in 160000 shares (160000 x 4/5) = 128000 shares
A & B will have to subscribe to (160000 - 128000) = 32000 shares.
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