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Max Alert Systems IPO is a fixed price issue of ₹8.00 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹8.00 crore.
Max Alert Systems IPO bidding started from Jun 28, 2012 and ended on Jul 2, 2012. The shares got listed on BSE SME on Jul 13, 2012.
Max Alert Systems IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Comfort Securities Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Comfort Securities Ltd..
Refer to Max Alert Systems IPO RHP for detailed Information.
| IPO Date | June 28, 2012 to July 2, 2012 |
| Listing Date | July 13, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,02,000 shares (aggregating up to ₹8.00 Cr) |
| Reserved for Market Maker | 6,00,000 shares Comfort Securities Ltd. (aggregating up to ₹1.20 Cr) |
| Net Offered to Public | 34,02,000 shares (aggregating up to ₹6.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,97,500 shares |
| Share Holding Post Issue | 91,97,500 shares |
Max Alert Systems IPO offers total 40,00,000 shares. Out of which 17,00,000 (42.50%) allocated to NII, 17,00,000 (42.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,00,000 (15.00%) |
| NII (HNI) Shares Offered | 17,00,000 (42.50%) |
| Retail Shares Offered | 17,00,000 (42.50%) |
| Total Shares Offered | 40,00,000 (100.00%) |
Max Alert Systems IPO opens on June 28, 2012, and closes on July 2, 2012.
| IPO Open Date | Thu, Jun 28, 2012 |
| IPO Close Date | Mon, Jul 2, 2012 |
| Tentative Listing Date | Fri, Jul 13, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 2, 2012 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, Max Alert Systems Ltd is Mumbai, India based company involve in the business of providing solutions for fire fighting, BMS and other allied activities. Max Alert Systems has also diversified into the business of telecom industry i.e. installation of mobile towers.
It provides wide range of fire protection solutions starting from the basic level detection and water based fire protection systems to the sophisticated gas based fire suppression systems. Company provide these services under the area of Consultancy Services, Design, Engineering, Installation, testing and commissioning, Training, Annual maintenance of gas detection systems and Maintenance of fire & gas suppression & security system.
| KPI | Values |
|---|---|
| RoNW | 32.05% |
The Company Max Alert Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up Crushing Plant | |
| 2 | Issue expenses |
[Dilip Davda] <p><strong style="mso-bidi-font-weight: normal"></strong></p> <p>On performance front, the company has posted net profit of Rs. 1.73 crore and 1.30 crore for the last two fiscals of 2010-11 and 2009-10 on a turnover of Rs. 33.35 crore and 28.68 crore respectively. For nine months ended 31.12.2011 it has earned net profit of Rs. 1.71 crore on a turnover of Rs. 31.31 crore. Company's weighted average EPS for last three fiscal is Rs. 3.03 and for the nine months ended 31.12.2011 is Rs. 4.37 (annualized). NAV as on 31.12.11 is Rs. 75.10 which stands reduced post bonus issue of February 2012 and post issue NAV shall be around Rs. 20.78. The company has issued bonus shares in the ratio of 5 for 2 on 31.03.2011 and 9 for 2 on 08.02.12.<strong><span style="text-decoration: underline;"> Although the pricing looks reasonable, considering the recent fate of SME listings, only risk aver HNI investors can consider parking of funds for long term.</span></strong></p> Read detail review...
| Listing Date | July 13, 2012 |
| BSE Script Code | 534563 |
| NSE Symbol | |
| ISIN | INE253N01010 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹51.50 |
| Low | ₹49.25 |
| High | ₹51.50 |
| Last Trade | ₹49.25 |
Max Alert Systems Ltd.
Gama House, Gaodevi Road,
Bhandup (West), Mumbai- 400078
Maharashtra, India
Bhandup, Maharashtra
Phone: 22 4345 6000
Email: ipo@mspl.biz
Website: http://maxalertsystems.com
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email:
Website:
Max Alert Systems IPO is a SME IPO of 40,02,000 equity shares of the face value of ₹10 aggregating up to ₹8.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on June 28, 2012, and closes on July 2, 2012.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Max Alert Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Max Alert Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Max Alert Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Max Alert Systems IPO opens on June 28, 2012 and closes on July 2, 2012.
Max Alert Systems IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Max Alert Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Max Alert Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Max Alert Systems IPO allotment status.
The Max Alert Systems IPO listing date is on Friday, July 13, 2012.
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