Max Alert IPO: Investor may have to wait for decent returns :VS Fernando, IPO Analyst at India Aarthik Research

Max Alert Systems :

SEBI requires maximum alert to prevent 'market-makers' turning into manipulators!

OFFER AT A GLANCE
Name	Max Alert Systems Ltd
Offer Quantity	34 lakh shares of Rs 10 each
% on Total Equity	37%
Offer Price	Rs 20
Offer Amount	Rs 6.8 cr
Application Quantity	6000 & Multiples of 6000
Offer Opens	June 28, 2012
Bid/Offer Closes	July 2, 2012
Rating	Nil
Listing	SME Platform of BSE
Lead Managers	Comfort Securities
Registrars	Sharepro Services

Max Alert Systems IPO: What you need to know

Issue Terms
Issue price / Floor Price (Rs)	20
Application per share (Rs)	20.00
Minimum investment amount (Rs)	120,000.00
Minimum bid (no of shares)	6000 shares and in multiples of 6000 thereafter
Maximum Shares for Retail	6000

Max Alert Systems IPO to open on June 28

Max Alert Systems , a Mumbai based project company with focus in areas as diverse as mining, fire fighting systems and telecommunications, is entering capital market with a public issue of 40 lakh equity shares on June 28, 2012. The company aims to raise Rs 8 crore through the issue at fixed price of Rs 20 a share. Equity shares are proposed to be listed on BSE - SME platform. Out of total issue size, 6 lakh shares are reserved for subscription by market makers and the net issue to the public stands at 34 lakh shares. Issue proceeds will be used for setting up of crushing plant (with an outlay of Rs 8.6 crore). Promoters' holding will be reduced from 99.95% to 56.48% post issue. Comfort Securities Limited is the lead manager to the issue.