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Pro Rata: What It Means and the Formula to Calculate It
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Kasthuri Ltd. had allotted 20,000 shares to applicants of 30,000 shares on a pro – rata basis. The amount payable was Rs. 1 on application, - Sarthaks eConnect | Largest Online Education Community
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Gaurav applied for 5,000 shares of Rs. 10 each at a premium of 2.50 per share. But he was allotted only 2,500 shares on pro rata basis. - Sarthaks eConnect | Largest Online Education Community
