A company was formed on 1 March 2018 with an authorized capital of OMR 10 million divided into common stock of OMR 0.400 each. The company came up with an Initial Public Offer by issuing 6,000,000 equity shares at OMR 0.400 each. If Initial Public Offer is subscribed up to 80%, how many number of applications the company must have received? None of these 4,800,000 shares applications 10,000,000 shares applications 5,000,000 shares applications

A company was formed on 1 March 2018 with an authorized capital of OMR 10 million divided into common stock of OMR 0.400 each. The company came up with an Initial Public Offer by issuing 6,000,000 equity shares at OMR 0.400 each. If Initial Public Offer is subscribed up to 80%, how many number of applications the company must have received? None of these 4,800,000 shares applications 10,000,000 shares applications 5,000,000 shares applications

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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