what is pro rata allotment
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it means that all the applicants have been allotted or refused allotment on proportionate basis.
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it means all the applicant have been alloted or refused allotment on proportionate basis. For example : A company issued 60,000 shares receives application for 2,40,000 shares and make pro rata allotment . this will mean that applicant have been alloted 25% of the share applied.
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