Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.23

Dates:
Offer Period Open: 23 Oct 2018
Offer Period Close: 30 Oct 2018
Tentative listing date: 13 Nov 2018

Number of shares:
Public Issue: 68,000,000
Offer for Sale: 0
Private Placement: 48,000,000

Stock Code: SMETRIC

Official Announcement

PUBLIC ISSUE OF 68,000,000 NEW ORDINARY SHARES IN SECUREMETRIC BERHAD ("SECUREMETRIC" OR THE "COMPANY") IN CONJUNCTION WITH THE LISTING OF SECUREMETRIC BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

SecureMetric is involved in the field of digital security with core focus into Software Licensing Protection, 2-Factor Authentication, Advanced Identity and Access Management, Public Key Infrastructure and Cryptography. Since incorporation in 2007, SecureMetric already expanded local footprints with local establishment in Indonesia, Singapore, Vietnam and Philippines.
 

Address & Contact:

Securemetric Technology Sdn. Bhd
Level 5-E-6, Enterprise 4, Technology Park Malaysia Lebuhraya
Sg. Besi - Puchong, Bukit Jalil
57000 Kuala Lumpur, Malaysia.

Phone: +603-8996 8225
Fax: +603-8996 7225
Email: sales@securemetric.com
Web: https://www.securemetric.com/

Share Capital

• Market Cap: RM60.900 mil
• Shares Issue to sell: 68 mil shares
• Enlarged Issued Shares: 243.6 mil shares

Fundamental

• Price: RM0.25 (eps: RM0.0.025)
• P/E & ROE: PE10.1, ROE19.84%
• Cash & fixed deposit after IPO: RM0.0886 per shares
• NA after IPO: RM0.125
• Total debt to current asset after IPO: 0.25 (Debt: 8.487 mil, Non-Current Asset: 5.579 mil, Current asset: 33.556 mil)
   

Past Financial Proformance (Revenue, EPS)

• 2017: RM44.767 mil (eps: 0.025)
• 2016: RM24.753 mil (eps: 0.018)
• 2015: RM16.978 mil (eps: 0.012)

Net Profit Margin

• 2017: 13.59%
• 2016: 17.53%
• 2015: 17.24%

Use of fund

• Business Expansion: 10%
• Development of new digital security solution: 33.5%
• Pay debt: 11.4%
• Working capital: 30.4%
• Listing expenses: 14.7%

News: Securemetric Aims to Raise RM17 Million From IPO

KUALA LUMPUR: Cyber security company, Securemetric Bhd, aims to raise RM17 million from its initial public offering (IPO) at 25 sen per share.

The company will be retailing 17 million shares to the public till Oct 30 and is slated for listing on the ACE market on Nov 13.

It will also issue 48 million shares to selected investors and three million to eligible employees.

Chief executive officer Edward Law said of the total proceeds, RM5.7 million will be utilised for the development of new digital security solutions, RM5.16 million for working capital purposes and RM1.7 million for business expansion.

“The remaining RM4.44 million will be used for borrowing repayment and defrayment of IPO expenses,” he told a press conference after the Securemetric prospectus launch yesterday.

Law also said the company had currently an orderbook of RM19.5 million in Malaysia, Vietnam, the Philippines, Indonesia and Singapore, and with the listing, hoped its footprint in these countries can be strengthened.

“The group’s strong expertise and proven track record are backed by its local and foreign client base from diverse industries such as government organisations, financial institutions, public certification authorities, software development companies
and IT service providers,” he said.

For the financial year ended Dec 31, 2017, more than 85 per cent of the company’s revenue was derived from overseas.

He also said Securemetric is confident of the potential growth in digital security solutions in Southeast Asia, especially within the government and financial sectors.

“With increasing adoption of technology by businesses and governments, enhanced digital security solutions is of utmost importance to avoid data leakages and economic losses arising from cyber attacks,” Law said.

-- Bernama