Secura Group lodged its offer document on Tuesday, ahead of its planned Catalist listing on Singapore Exchange early next year.
The company, which is 53.8% controlled by Singapore billionaire Peter Lim through Kestrel Capital, provides services and products in the area of guarding and security printing.
It is also building new business areas including homeland and cybersecurity solutions. The company has been a distributor of Morpho explosive detection devices in Singapore, Cambodia and Laos since May 2015.
In Singapore, it counts United Overseas Banks, CPF Board and Marina Bay Sands as among its major customers.
Last year, the company reported net profit of $8.17 million on the back of a $30.41 million revenue, inclusive of a $5 million one-off gain from a property divestment.
Investors can look forward to several sources of growth as Secura aims to build its market share in the guarding business while expanding its homeland and cybersecurity segments.
According to Secura, the security guarding industry in Singapore was estimated to be worth $1 billion in 2013 and was operated by over 270 security agencies.
"Based on the revenue generated by (Secura's) security guarding in 2013, we had approximately 1% of the market share… There is significant potential to grow our market share," the company says.
In 2014, the information and communications technology sector in Singapore grew by 4.4% y-o-y and contributed 4% to Singapore's gross domestic product, Secura says.
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The company, which is 53.8% controlled by Singapore billionaire Peter Lim through Kestrel Capital, provides services and products in the area of guarding and security printing.
It is also building new business areas including homeland and cybersecurity solutions. The company has been a distributor of Morpho explosive detection devices in Singapore, Cambodia and Laos since May 2015.
In Singapore, it counts United Overseas Banks, CPF Board and Marina Bay Sands as among its major customers.
Last year, the company reported net profit of $8.17 million on the back of a $30.41 million revenue, inclusive of a $5 million one-off gain from a property divestment.
Investors can look forward to several sources of growth as Secura aims to build its market share in the guarding business while expanding its homeland and cybersecurity segments.
According to Secura, the security guarding industry in Singapore was estimated to be worth $1 billion in 2013 and was operated by over 270 security agencies.
"Based on the revenue generated by (Secura's) security guarding in 2013, we had approximately 1% of the market share… There is significant potential to grow our market share," the company says.
In 2014, the information and communications technology sector in Singapore grew by 4.4% y-o-y and contributed 4% to Singapore's gross domestic product, Secura says.
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