A Company invited applications for 1,00,000 shares and it received applications for 1,50,000 shares. Applications for 30,000 shares were rejected and the remaining were allotted shares on prorata basis. How many shares an applicant for 3,000 shares will be allotted?

🧠 Explanation:

A company received 1,50,000 share applications for 1,00,000 shares, rejecting 30,000 and allotting 1,20,000 on a pro-rata basis. An applicant for 3,000 shares gets 2,500 (3,000 × 1,00,000 / 1,20,000). For finance students, this highlights share allocation, making it a key topic for corporate finance.