Max Alert Systems Ltd IPO


IPO Subscription Details

  • Open Date 28 Jun
  • Close Date 02 Jul
  • Lot Size 6000
  • IPO Size ₹ 8 Cr
  • IPO Price Range ₹ 20
  • Min Investment ₹ 120000

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Max Alert Systems Ltd IPO

Contact Information


502 5th Floor Timmy Arcade,
Makwana Road Marol Andheri(E),
Mumbai, Maharashtra 400059

Max Alert Systems Ltd IPO Lead Manager

Comfort Securities Ltd