Secura Group Limited – IPO

Business

Secura Group is a Singapore-based provider of an integrated suite of security products, services and solutions. The Secura group of companies has been providing security printing services since 1976 and owns one of the largest cheque printing businesses in Singapore. The group also provides security consultancy and other services since 2008 through the Soverus group of companies.


Competitive Strengths

Ability to provide a wide range of security solutions

• Secura offers customers a wide range, one-stop security solutions.


High barriers of entry for the security printing business

• Stringent qualifications and audits by customers, coupled with substantial capital requirements for the security printing business, present high barriers of entry for new competitors.


Established reputation and track record

• It has the ability to consistently secure repeat businesses from local and international institutions, Singapore statutory boards and government agencies.


Well-diversified customer base

• Secura Group has built a well-diversified customer base comprising more than 550 customers in various industries including multinational corporations as well as local small and medium enterprises etc.



ISSUE STATISTICS   :

 
Sponsor and Issue Manager :          UOB


Placement Agents and Underwriter :CIMB Securities (Singapore) Pte Ltd.


Prospectus : Click here

 
Offering Price : S$0.25


 Offering Size:    

– 112.0m Invitation Shares comprising:

(a) 108.0m by way of placement

(b) 4.0m by way of public offer

(c) With 224.0m free detachable warrants, on the basis of 2 warrants for every 1 invitation share. Exercise price of warrant: S$0.35 per share.


Market Capitalisation (Post IPO) : S$100.0m


PER (Post IPO) :
   
12.5x (Based on 2014A)


Intended Dividend Payout :
   
The Group currently does not have a fixed dividend policy
Gross Proceeds :S$28.0m

Use of proceeds :
   

– (a) $19.8m, 70.7% for Expansion and enhancement of business operations & equipments

– (b) $6.2m,  22.2% for General working capital

– (d) $26.0m – Net proceeds

– (e) $2.0m,  7.1% for IPO expenses


 Indicative Timeline : 
   
 Public Offer Close :  26 January 2016, Tuesday, 12 noon

 Expected Listing:     28 January 2016, Thursday 9 a.m (Catalist)

 

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