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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 tax a
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IHH Healthcare Berhad and JB Foods Limited Balloting Results

IHH Healthcare Berhad announced that its balloting would take place on 19 July 2012 instead of 21 July 2012 instead of on 23 July 2012. The balloting results for the public tranche was as follows:



The probability of getting this is pretty high (more than 50% chance if you apply). The company will start trading on 25 July 2012.

The balloting results for JB Foods Limited are as follows below and will start trading on 23 July 2012:


My IPO luck is pretty good this July but we shall see if that is a good or bad thing next week considering the weakness in US and European markets. Good luck to all who have gotten the shares.


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Mr. IPO said…
Matched out JB foods at 41 this morning :)
23 July 2012 at 10:01
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