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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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Far East Hospitality Trust Balloting Results

Far East Hospitality Trust released its balloting results this evening. The response was pretty good with the public tranche 14.6x oversubscribed and even the over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c.

The balloting table are presented below for your convenience.


The probability of getting the shares are pretty good at 40% or better.

My balloting results


I have another 4 lots from placement tranche, looks like a good IPO year for me?

Happy IPOing

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tim12345 said…
hi sir,

i believe i got 3 lots as well, i applied for 11 and based on the money they refunded into my bank, it should have been a successful application.

however, how do i check and confirm this status?
27 August 2012 at 00:03
Mr. IPO said…
If u apply via ATM or Internet banking, you can check under the results of ESA Application. Alternatively, if you have online CDP access, you can check your CDP account. The most primitive method will be to wait for the confirmation slip form CDP but that will come 3-4 days later.
27 August 2012 at 07:24
tim12345 said…
yup thank you. i checked and confirmed that i have 3.
since i'm here, i'd just say that you have a very interesting blog. keep updating!
27 August 2012 at 11:21
noosabum said…
Hi Everyone,

With regards to the statement below:

"Over-allotment of 65.9m shares were exercised, which means the stabilizing manager will step in should share price falls below 93c."

Just wondering what does this mean? Is there a duration for this stabilizing action if the price drop below 93c?
29 August 2012 at 21:13
Mr. IPO said…
Usually the stabilization manager has the mandate to do it for one month post IPO and they can decide the time and price to buy but the max no of shares will be as pre determined.
29 August 2012 at 22:03
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