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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

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 IPO by issuing 5,000,000 equity shares at OMR 0.500 each. If the IPO is fully subscribed, the number of applications received by the company are:

a.

10,000,000

b.

5,000,000

c.

15,000,000

d.

2,000,000

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