IPS Securex Holdings Limited ("IPS" or the "Company") is a "one-stop" security solutions provider and is placing out 12m shares at $0.35 each for a Catalist listing. There is no public tranche and the IPO will start trading on 30 June 2014.The market cap is $26.3m based on the IPO price.
The Company provides security products and integrated security solutions to commercial entities and government bodies and agencies in Asia Pacific. The map below shows its distribution agreement with Ultra Electronics.
According to the prospectus, the prospects for the Company is good due to heightened security concerns from terrorism and political/social unrest.
Financial Highlights
The revenue has been erratic of around $5m and then spiking to $10m in FY2013. Net profit has also been pretty erratic and you can see that it is probably they managed to get a big project in FY2013 which resulted in ...
