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IPO Details: Total shares offered: 1 0 , 0 0 0 Target price per share: $ 2 0 Total capital sought: $ 2 0 0

IPO Details:
Total shares offered: 10,000
Target price per share: $20
Total capital sought: $200,000
Total application received: 16,000 shares. Investor A subscribed for 2,000 shares, Investor B subscribed for 6,000 shares, Investor C subscribed for 4,000 shares and Investor D subscribed for 4,000 shares
Provide possible solutions for the firm to fairly allocate shares among investors in the event of oversubscription? e.g. by using Pro Rata Basis

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