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 applicants. X applied for 52,000 shares and Y was allotted 16,000 shares.
On the basis of the above information, calculate:
Question :- What is the pro rata ratio?
Option 1: 13:12
Option 2: 8:13
Option 3: 8:9
Option 4: 12:13
Correct Answer: 8:13
Solution :
Answer = 8:13
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.