Oman International Marketing Company (OIMC) has decided to issue an IPO for OMR 4.980 Million in June 2020. The per share value is decided for 600 Baiza. Oman International Marketing has appointed your firm as an underwriter for this IPO. During the phase of call for application, your firm has received applications for 9.500 Million shares. Required: a) Whether OIMCs IPO is undersubscribed or oversubscribed with current receipt of applications for shares i.e. 9.500 Million shares? (2 Marks) b) How many actual applications are needed for full subscription of OIMCs IPO? (2 Marks) c) After receipt of applications for 9.500 Million shares, as an underwriter of this IPO, which treatment you would suggest to the management of Oman International Marketing Company to make this IPO up-to its Full Subscription only?