Alpha ans Gamma are friends since their childhood. They have got whole of their education in every school jointly. Recently, both of them have gratuated from a local business school getting degrees is business management. after this graduation, they decided to start a business of online car rental. For that purpose, they got developed a mobile application named carg that can be run on all Android and Apple smart phones. Further, they shared their business plan with a professional promotor to setup a new business entity.with all the necessary documentation, the new entity has been successfully registerd on 5th of january 2023 with the SECP as a limited liability company in the name of Alpha limited. it was registered with the capital of Rs. 500000 divided in to 25000 ordinary shares of Rs.20 each. On 20th of january, the new company offered 15000shares at par to the general public. On 23rd of january, the company's bank informed it that application money on 14500 shares has been recieved from the general public in the company's bank account . Alpha's management allotted shares to allthe applicants on 31 of january, 2023.
