Singapore: Secura Group lists on Catalist, 2.2x oversubscribed

Rooftop security by US Army in Farah City, Afghanistan. Credit: Flickr/US Army

Singapore-based security solutions provider Secura Group Limited has listed on the Catalist board of the Singapore Exchange (SGX) and its shares were oversubscribed by a multiple of 2.2, with gross proceeds of S$28 million ($19.56 million) raised.

Secura Group sold 112 million new shares in the IPO at S$0.25 apiece, with 108 million sold in a private placement to specific investors. The remaining tranche of 4 million shares were traded publicly.What distinguishes this IPO is that every share is issued with two detachable warrants, which grants participating shareholders the option to increase their equity interest in the company during its three-year exercise period.

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