EFG Ltd. invited applications for 10000 shares of ₹100 each at a premium of 10 each which is payable as follows-
Application - ₹50
Allotment - ₹35 including premium
Call - ₹25
Applications for 15000 shares is received by the company. The company rejected the applications for 2500 shares and made pro-rata on the remaining applicants. Mr. A who is allotted 400 shares failed to pay the allotment and call money due to which company forfeited his shares and reissued at ₹105 per share.

How much money is received on application by the company?

₹750000

Money received by the company = 15000 shares x 50
                                                    = ₹750000