Shree Ltd. issued 5,00,000 equity shares. Applications for 4,50,000 shares were received. The following are details related to underwriters: Underwriter A Underwriter B Underwriter C Underwriting ratio 40% 30% 30% Marked

Net Liability of Underwriters Underwriter A Underwriter B Underwriter C Total Gross Liability (4:3:3) 2,00,000 1,50,000 1,50,000 5,00,000 Less: Marked Applications 1,00,000 50,000 45,000 1,95,000 Balance 1,00,000 1,00,000 1,05,000 3,05,000 Less: Unmarked Applications distributed in gross liability ratio (4:3:3) 1,02,000 76,500 76,500 2,55,000 Balance -2,000 23,500 28,500 50,000 A's Over subscription 2,000 -1,000 -1,000 Net Liability 0 22,500 27,500 50,000 Working: Total applications - Marked Applications = Unmarked applications 4,50,000 - 1,95,000 = 2,55,000