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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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New proposed IPO allocation rule for retail investors

In case you haven't heard, your chances of getting hot IPO shares will be boosted if the following proposal is adopted by SGX. The article is posted below in case you need it.


"This will not only provide retail investors with more opportunities, but their increased activity in the secondary market will also add to liquidity", SGX said.

Is SGX implying retail investors are "shorter term" in nature and thus the liquidity will increase because they will buy and sell more? :-P Anyway, you can let your views be heard via the email address above. hahaha :)  Please note that the proposal will only apply to Mainboard IPOs and not Catalist listings.

Your views

Do you think 5% is too low? Should the % be higher?  
If institutions' shareholdings are lowered, will it affect the post listing performance? 

Mr. IPO's views

The proposed change is way long overdue! The Stock Exchange of Hong Kong has a practice note 18 in place since 26th June 1998! Is Singapore exchange 14 years behind time? :) In addition, i believe retail investors in Hong Kong get at least 10%!  

One possible reason why retail investors are more 'savy' or active in speculating the stock market in Hong Kong is probably due to the fact that casino gambling is allowed in its backyard in Macau since 1934. In that regard, Singapore was probably 71 years behind when it legalized the casino only in 2005. hahaha. 

This could perhaps explain why HK TVB dramas on the stock markets are always well received. Have you heard of the "丁蟹" effect?


Maybe i can watch the above "stock-related" TV dramas or movies during the IPO famine but with the upcoming pipeline, I should be quite busy this month.  There are a few "interesting" IPOs that are being lodged on MAS OPERA. In addition to Gayling Holdings Limited, the rest are
Happy IPOing soon.
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Michael said…
If you are looking for IPO allocations in North America you can visit http://www.Private2IPO.com. Also business owners who are looking for newly minted multi-millionaire investors who have helped build their company and transition through an IPO will want to visit.
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