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Max Alert Systems Ltd IPO (Max Alert Systems IPO) Detail

June 28, 2012 - July 2, 2012

Max Alert Systems IPO is a fixed price issue of Rs 8.00 crores.

Max Alert Systems IPO bidding started from June 28, 2012 and ended on July 2, 2012. The shares got listed on BSE SME on July 13, 2012.

Max Alert Systems IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Comfort Securities Limited is the book running lead manager of the Max Alert Systems IPO, while Sharepro Services Private Limited is the registrar for the issue.

Refer to Max Alert Systems IPO RHP for detailed information.

Max Alert Systems IPO Details

IPO Date June 28, 2012 to July 2, 2012
Listing Date July 13, 2012
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size4,000,000 shares
(aggregating up to ₹8.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue5,197,500
Share holding post issue9,197,500
Market Maker portion600,000 shares

Max Alert Systems IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

Max Alert Systems IPO Promoter Holding

Share Holding Pre Issue 99.95%
Share Holding Post Issue 56.48%

About Max Alert Systems Ltd

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.

Key Performance Indicator

Objects of the Issue (Max Alert Systems IPO Objectives)

The objects of the issue are:
1. Blasting license for setting up of Crushing Plant in Deoghar, Jharkhand.
2. Water pollution license for setting up of Crushing Plant from Jharkhand State Pollution Control Board.
3. Air pollution license for setting up of Crushing Plant from Jharkhand State Pollution Control Board.
4. Mining license for setting up of Crushing Plant.

Max Alert Systems IPO Review (Avoid)

[Dilip Davda]  

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. 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.

Read detail review...

Max Alert Systems IPO Prospectus

Max Alert Systems IPO Rating

Rating:Rated 3.3 stars
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Max Alert Systems IPO Listing Details

Listing Date July 13, 2012
BSE Script Code 534563
NSE Symbol
ISIN INE253N01010
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Max Alert Systems Ltd Contact Details

Max Alert Systems Ltd
Gama House, Gaodevi Road,
Bhandup (West), Mumbai- 400078
Maharashtra, India
Phone: 22 4345 6000

Max Alert Systems IPO Registrar

Sharepro Services Private Limited

Phone: 9999999999

Max Alert Systems IPO - Buy or Not

Max Alert Systems IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Max Alert Systems IPO FAQs

Max Alert Systems IPO is a SME IPO of 4,000,000 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 Shares.

The IPO opens on June 28, 2012, and closes on July 2, 2012.

Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Max Alert Systems IPO opens on June 28, 2012 and closes on July 2, 2012.

Max Alert Systems IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in Max Alert Systems IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 July 13, 2012.
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Max Alert Systems IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



6. Venky IPO |   Link |  Bookmark |August 23, 2012 12:56:53 AM
Sincere advice to Retail investors. Our Markets are the playing ground for Institutional sharks and retail investors have little or no chance unless there is a sustained Bull run. When even the listed stocks run high risk, unknown entities like IPO becomes the riskiest of risky bets. I see fundamentally 2 reasons behind this -
1. All well known brands in India are already on the Market and propably available at better rates and known history.
2. All IPOs and I repeat ALL IPOs are OVERPRICED. Be it a Government PSUs, Top honchos like Ambanis/Tatas/Mahindras or the B/C grade companies. This has been the trend right from the Bull run starting 2003''s. Back in good old days companies mostly priced their IPOs at face value that gave handsome returns over period of time. Nowadays the promoters are no longer contended to price their IPO conservatively and look to gain as much as their stock price would have reaped 4-5 years into the future. If this were another investment like Real estate, would you paying 4-5 time higher price than Market price just becayour investment can ''propably'' give you better returns over the long run. Many greedy promoters even fudge prices and rig stocks to maximize their profits from IPO.

There were many contributors like Ravi Bangalore, Gem IPO Finder to name a few who were active in the better days of IPO investing. There used to be a lively discussion about the stocks. But alas those good days are gone and the current bunch of IPOs are just scamsters out to grab your money. There might be 1 or 2% chances of getting profits, But that still makes IPO the riskiest investment strategy than even gambling at Casinos!!!
5. Forum Modulator |   Link |  Bookmark |July 18, 2012 9:33:18 AM
Hi vsp share,

The Max Alert IPO barely managed to get fully subscribe. it was subscribed 1.24 times overall and in retail quota it received bids only for 0.17 times.

It was an unexpected jackpot who applied.

Check the basis of allotment link above for more detail. Team

Thank you, Forum Moderator

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4. vsp share |   Link |  Bookmark |July 16, 2012 3:34:22 PM
anybody know that how many time the Max Alert Systems ltd.-IPO has been subscribe? This issue had given very excellent returns?
3. Jagdish Shah |   Link |  Bookmark |June 26, 2012 5:55:46 PM
BEWARE!!!Company wants to raise money for obtaining licences!!!Oohhhh.My god!!!This is possible only in India.
2. Jagdish Shah |   Link |  Bookmark |June 26, 2012 5:52:31 PM
As the name suggests,it is ALERT (HIGH) for investors.
1. Manoj jain |   Link |  Bookmark |June 26, 2012 2:38:53 PM
IPO subscribers have lost all their money in fake IPOs. Atleast I have no money to invest in IPO. Sorry IPO looters...