OM Limited issued a prospectus offering 2,00,000 equity shares of 10 each, ar a premium of 2 per sh 13.7KB/s as follows: On Application 2.50 per share; On Allotment 4.50 per share (including premium); On First Call (three months from allorment *2.50 per share and On Second Call (three months after first call) 2.50 per share Subscriptions were received for 3,17,000 shares on April 23, 2021 and the allotment made on April 30, 2021 was as under Categories Shares Ulted 38.000 (i) Allotment in full (two applicants paid in 38,000 full on allotment in respect of 4,000 shares each) (ii) Allotment of two shares for every 1,60,000 three shares applied for 160.000 (iii) Allotment of one share for every 2,000 four shares applied for 2.000 32% Cash amounting to 77,500 (being application money received with applications on 31,000 shares upon which no allocements wert made) was returned to applicants on May 6, 2021. The amounts called from the allottes were received on the due dates with the exception of the final call on 100 shares. These shares were forfeited on November 15, 2021 and reissued to Aman on November 16 for payment of 9 per share.
Ques- How much Amount was received on allotment?
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no of shares on allotment multiplied by price of one share
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