SINGAPORE - Secura Group lodged its offer document on Tuesday (Dec 15) as the security firm prepares for a Catalist listing on the Singapore Exchange early next year.
The company, which is 53.8 per cent controlled by Singapore billionaire Peter Lim through Kestrel Capital, provides services and products in the area of guarding and security printing - the printing of valuable items such as cheques and parking coupons.
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 S$8.17 million on the back of a S$30.41 million revenue, inclusive of a S$5 million one-off gain from a property divestment.
In the first half of 2015, Secura's revenue was S$16.15 million, with a net profit of S$1.77 million.
Investors can look forward to several sources of growth going forward, as Secura aims to build its market share in the guarding business while expanding its homeland and cybersecurity segments.
Secura said in its offer document: "The security guarding industry in Singapore was estimated to be worth S$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 per cent of the market share… There is significant potential to grow our market share."
It added that it plans to grow its still nascent homeland and cybersecurity businesses, as the rising threat of terrorism is likely to push up demand.
In 2014, the information and communications technology sector in Singapore grew by 4.4 per cent on a year-on-year basis and contributed approximately a S$14.9 billion or 4 per cent to Singapore's gross domestic product, Secura noted.
"As such, we are actively looking for acquisition and investment opportunities in the cyber security space to expand our cyber security products, services and solutions offerings."