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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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Indofood Consumer Branded Products

30/08/2010
Indofood Consumer Branded Products to launch IPO on 28-30 September, appoints underwriters 
Story
Indofood Consumer Branded Products (ICBP), a unit of Indonesian foods company Indofood Sukses Makmur, plans to launch an initial public offering of a 20% stake on 28–30 September 2010. A report in the online edition of Kontan cited the company’s IPO prospectus. ICBP will use 70%-80% of the IPO proceeds for settling its debt and the remaining funds will be used to boost its working capital, the item noted. In the first quarter 2010, ICBP got IDR 4.11tn in loans from its shareholders, the report added.

The company appointed Kim Eng Securities, Credit Suisse Securities Indonesia, Deutsche Securities Indonesia and Mandiri Sekuritas underwriters for the offering, according to the report.

ICBP plans to raise IDR 4tn–IDR 5tn (USD 555m) from the IPO.
Source
Kontan
Value
USD 555m (targeted IPO proceeds)
Stake Value
20% 
 
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