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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 tax a
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Investing in IPOs

Here is lesson from morningstar.com on how to invest in IPO. In US, they have cited the example of Microsoft. Frankly i too, wish i have the foresight to invest in Raffles Education, Ezra, Swiber etc since their IPO.

But the reality is, for every 1 good IPO, there are 9 other lousy ones. How many of us really have the foresight (to pick the right company) and the patience to hold the IPOs for 10, 20 and even 30 years?! and looking at the latest poll results (still in progress) where 45% of you said you will sell the IPO on the first day, no wonder you and i are still punting IPOs and not investing in them. Perhaps i should use change the title of my Blog to Punting in IPOs and sign off my postings with Happy Punting. :)
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