X Co. Ltd. was formed with a capital of ₹ 10,00,000 in ₹ 10 shares, the whole amount being issued to the public. The underwriting of these shares was as follows:

M: 35,000;

N: 30,000;

O: 20,000;

P: 10,000;

Q: 3,000;

R: 2,000. All the marked application forms were to go in relief of the underwriters whose names they carried. The application forms marked by the Underwriters were:

M----10,000;

N----22,500;

O----20,000;

P----7,500;

Q----5,000;

R----Nil. Applications for 20,000 shares were received on forms not marked. Dr.aw up a statement showing the number of shares each underwriter had to take up.