Max Alert Systems IPO Basis of Allotment

MAX ALERT SYSTEMS LIMITED

Company was originally incorporated in Mumbai as 'Max Alert Systems Private Limited' on 16th January, 2004 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Our Company was subsequently converted in to a public limited company and consequently name was changed to 'Max Alert Systems Limited' vide fresh certificate of incorporation 26th March, 2012 issued by the Registrar of Companies, Maharashtra, Mumbai. For further details in relation to the change in the name of our Company, please refer to the section titled 'Our History and Corporate Structure' beginning on page 79 of Prospectus.

Registered Office & Corporate Office: Gama House, Gaodevi Road, Bhandup (West), Mumbai- 400078, Maharashtra, India; Tel: 91-22- 4345 6000, Fax: 91-22-4345 6008
E-Mail: ipo@mspl.biz; Website: http://maxalertsystems.com
Contact Person & Compliance Officer: Ms. Soniya Agarwal, Company Secretary & Compliance Officer;
PROMOTERS OF THE COMPANY: MR. ANILKUMAR CHANDRA & MR. LENIN CHANDRAN

BASIS OF ALLOTMENT

THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 2 (TWO) TIMES THE FACE VALUE. ISSUE OPENED ON 28TH JUNE, 2012 AND CLOSED ON 2ND JULY 2012.

PROPOSED LISTING

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE') In terms of Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated 17th April, 2012 from BSE for using Its name In the offer document for listing of our shares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced with effect from 13th day of July, 2012*.

*Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations,' 2009, as amended from time to time, wherein a minimum of 50%: of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer of Shares to the public shall be made available for allotment to individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 121 applications for 49,68,000 Equity Shares resulting in 1.24 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection)

The details of applications rejected by the Registrar on technical grounds are detailed below:

Technical Rejection

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications.

*After considering the undersubscribed portion of Retail category which have been spilled over to Non Institutional category for 1418000 shares. The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 9th July, 2012.

**In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. An oversubscription to the extent of 10% of the issue can be retained for the purpose of rounding off while finalizing the basis of allotment to the nearest integer during finalizing the allotment, subject to minimum allotment lot. Accordingly oversubscription of 2000 equity shares has been retained for the purpose of rounding off to the lower nearest multiple of 6000 equity shares resulting in increase in the issue size to 40,02,000 Equity Shares aggregating to 800.40 lacs.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 6,00,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.17 times. The total number of shares allotted in this category is 282000 Equity Shares. Unsubscribed Portion of Retail Individual Investors for 1418000 Shares have been spilled over to other than retail investors and other investors including corporate bodies or institutions.

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 20/-per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.30 times. The total number of shares allotted in this category is 3120000 Equity Shares consisting 1418000 Equity Shares spilled over from Retail Individual Investors Category and additional 2000 Equity Shares for the purpose of rounding off to the lower nearest multiple of 6000 Equity Shares (Lot Size).

the Board of Directors of the Company at its meeting held on 10^m July, 2012 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on 11th July ,2012. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to 11th July, 2012. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharepro Services (I) Pvt Ltd. www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below: