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Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares?
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Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share ...
Underwriting of Shares by A, B, and C:
- Sanika Ltd. issued 400,000 equity shares at Rs. 15 per share, of which 100,000 shares were allocated to promoters and the remaining offered to the public.
- The shares were underwritten by A, B, and C in the ratio of 3:2:1, which means they agreed to purchase any unsold shares in that proportion.
Applications Received:
- Total applications received were for 270,000 shares.
- A applied for 80,000 shares, B applied for 70,000 shares, and C applied for 60,000 shares.
Underwriting Obligations:
- Since the total applications exceeded the number of shares offered, all the shares were fully subscribed.
- As per the underwriting agreement, A, B, and C will have to purchase the remaining shares in the ratio of 3:2:1.
- Therefore, A will have to purchase 60,000 shares (80,000 - 20,000), B will have to purchase 50,000 shares (70,000 - 20,000), and C will have to purchase 40,000 shares (60,000 - 20,000).
Conclusion:
- The underwriters, A, B, and C, will need to fulfill their underwriting obligations by purchasing the remaining shares as per the agreed ratio.
- This ensures that all the shares issued by Sanika Ltd. are successfully subscribed for, and the company receives the necessary capital for its operations.
- Sanika Ltd. issued 400,000 equity shares at Rs. 15 per share, of which 100,000 shares were allocated to promoters and the remaining offered to the public.
- The shares were underwritten by A, B, and C in the ratio of 3:2:1, which means they agreed to purchase any unsold shares in that proportion.
Applications Received:
- Total applications received were for 270,000 shares.
- A applied for 80,000 shares, B applied for 70,000 shares, and C applied for 60,000 shares.
Underwriting Obligations:
- Since the total applications exceeded the number of shares offered, all the shares were fully subscribed.
- As per the underwriting agreement, A, B, and C will have to purchase the remaining shares in the ratio of 3:2:1.
- Therefore, A will have to purchase 60,000 shares (80,000 - 20,000), B will have to purchase 50,000 shares (70,000 - 20,000), and C will have to purchase 40,000 shares (60,000 - 20,000).
Conclusion:
- The underwriters, A, B, and C, will need to fulfill their underwriting obligations by purchasing the remaining shares as per the agreed ratio.
- This ensures that all the shares issued by Sanika Ltd. are successfully subscribed for, and the company receives the necessary capital for its operations.
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Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares?
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Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares?.
Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares?.
Solutions for Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? defined & explained in the simplest way possible. Besides giving the explanation of
Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares?, a detailed solution for Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? has been provided alongside types of Sanika Ltd. issued 400000 equity share of rs. 10 each at 15 per share 100000 share issued to promoter and balance offered to the public. Issued was underwritten by A, B and C ration 3:2:1. Application were received for 2,70,000 shares the market application were received as under. A 80,000 shares B 70,000 shares C 60,000 shares? theory, EduRev gives you an
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