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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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IPOing 101 - how to read a balloting table

Further to my posting, I received some queries from readers on why they never get a single share when they apply for the recent IPO.

The answers to your question .... 

(1) It is not guaranteed that you will get what your applied for, in fact, there is a very high chance that you will get nothing and your $2 ATM fee is "wasted".

(2) Even if you are successful in your application, you will probably get less than what you applied for.

The IPO balloting results will usually be announced the day after the IPO closes on the sgx website. So look out for it or you can check this blog, if I am not lazy, i will most likely post the results.

The picture below shows you how to read a balloting table. 

Step 1 - Look for the red column to find what where your application falls into based on the number of shares you applied for.


Step 2 - After you find the correct row that correspond to the number of shares you applied, read it across the table.

The example in the picture below illustrates how a person who applied for 35,000 shares at the most recent Far East Hospitality Trust IPO should read the table.





Hope this helps. Happy IPOing.

Part 1 - How to apply for IPO shares 
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Unknown said…
Hi,

So what happens if I'm one of the lucky ones? Would I receive any notifications? Or would I be able to see it on my vickers/CDP account?

17 July 2017 at 22:33
Mr. IPO said…
You will be able to find out via (1) whether cash had been refunded to your account (2) ESA results (internet banking) (3) CDP online whether the shares have been credited.
18 July 2017 at 08:46
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