Max Alert Systems Ltd - IPO

Max Alert Systems Ltd IPO Details

Public issue of 40,00,000 equity shares of Rs. 10/- each (Equity Shares) of Max Alert Systems Limited (MASL or The Company or The Issuer) for cash at a price of Rs. 20/- per share (The Issue Price), aggregating to Rs. 8.00 crores (The Issue), of which, 6,00,000 equity shares of Rs. 10 each will be reserved for subscription by Market Makers to the issue (The Market Maker Reservation Portion). The issue less the Market Maker Reservation Portion i.e. issue of 34,00,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 43.49% and 36.97%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 2 (Two) times the face value.

Objective of issue

Setting up of Crushing Plant.

Max Alert Systems Ltd Contact Details

Max Alert Systems Ltd, Samhita Complex, Plot No 13 AB, Saki Naka Andheri(E), Mumbai-400072

Phone - 91-22-67720300/400

Fax - 91-22-28591568

Email - ipo@mspl.biz

Website - www.maxalert.in