The process of distributing shares to successful applicants is------.
Answer Details
The process of distributing shares to successful applicants is called allotment.
Allotment is the process of assigning and distributing shares to individuals or organizations who have applied for them during an initial public offering (IPO) or other share issuance. The allotment process is typically overseen by the company or its underwriters, who evaluate the applications and allocate shares to successful applicants based on the number of shares available and the demand for them.
Once the allotment process is complete, successful applicants are notified and shares are typically credited to their brokerage or investment accounts, allowing them to participate in the ownership and potential growth of the company.