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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 ...
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Geo Energy Resources Limited - Balloting Results

Geo Energy Resources Limited annouced that its small tranche of 3m public shares were 183x oversubscribed but including the placement tranche, it was only about 2.9x oversubscribed. The results announcement is here.

The balloting results is as follows:


Extremely very difficult to get. :) Again, those who applied for 100 lots has the best "chance".

Placement holders

Let's see who they have placed out the shares to.


The only identifiable shareholder is "Credit Suisse". Let's see if they can perform some magic on the counter tomorrow. 

Good luck to those who have the shares.

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