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IPO Chilli Ratings

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Food Innovators Holding Limited

Food Innovators Holdings Limited ("FIH" or the "Company") is offering 14m shares at $0.22 each, for which 13m shares will be through placement and the remaining 1m shares via a Public Offer. The IPO will close on 14 Nov at 12 noon and starts trading on 16 Oct 9am.  FIH has two business models - the first is to be a master lease and sublease the space to other tenants and the second is to operate and manage restaurants.  The Company currently has 12 restaurants in Japan, 10 in Singapore and 4 in Malaysia. The market cap based on the IPO price is around $24.9m. Financial Highlights FIH's revenue grew from $37.8m in FY2022 to $43.8m in FY2024. It is quite funny to see that being a master land lease holder has a higher margin than operating the restaurants, once again illustrating the point that it is better to be a landlord to shake leg and collect rent. According to the prospectus, the PER is around 19x. The Company intends to pay 20% of its net profit after ...
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Am I lucky or am I not lucky?


(source: shareinvestor.com)
The deteriorating stock market claimed 'another victim' today when MAP technology closes below its IPO price. (This will somewhat affect the sentiments on ETLA negatively?) In addition, the 'price premium' over the IPO price has also been decreasing steadily and the premium is now 10% to 20% on average. For the first time in many months, i actually wondered if getting allocated for IPO shares is a good thing under current bearish mood.
I am vested in both China Hongcheng and ETLA. A 10% to 20% premium over its IPO price will mean an opening range of 55 cents to 60 cents for China Hongcheng and 52 cents to 56 cents for ETLA. Good luck.
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Anonymous said…
hi some ipos have recoiled back after today. lets hope friday's good
8 August 2007 at 18:58
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