Shares of Max Alert Systems saw huge buying interest on day one, rising 146.25% to close at Rs 49.25 on the BSE.
The stock rallied as much as 157.5% to Rs 51.50 on Friday.
Company had launched its Rs 8-crore IPO during June 28-July 2, 2012. Issue proceeds will be used for setting up of crushing plant (with an outlay of Rs 8.6 crore).
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