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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 ...

Croesus Retail Trust - Balloting results

The balloting results is out and the results announcement is here.

This issue is very hot whereby the placement tranche of 207.6m units is 19.7x subscribed and the public tranche of 21.5m units is 48.8x subscribed. 

The balloting results as follows:


There is only one word to describe. The less you apply, the better the chance of getting some shares. hahaha. 

Mr IPO's balloting results.

I receive 4 lots from the placement tranche and zero shares from my public application!! :(


Congrats to those who managed to get it.

Comments

Anonymous said…
i applied 21 lots got ZERO!!!! my ipo luck is always damn bad
Benji said…
This ballot is super sucky!!! I will check my account when I got hm later
Anonymous said…


[[ anonymous 7 ]]



Congrats to anyone who didn't stag MapleTree China only then to find a problem getting hold of enough CRT.

Anonymous said…
Got lucky this time, applied 40 lots and got 5 lots

- Shu
Tigre said…
Got lucky : 12 lots :D

Thanks Mr IPO for your expert analysis
Derek said…
Haha, I got none. Should have stick with applying for 10lots.

All the best for those who got it.

Huat Ah!
Benji said…
HOHO! got 5!! hope tomorrow it can go up to 1.20 which is my target price to sell.
Anonymous said…
I applied 30 and received zero too... waiting for the next 3 chilli ipo liao
B.T said…
dont worry.. there is another upcoming ipo end of this month. It is the taiwan cable tv ipo. Price is $1 per share if I'm not wrong. Waiting for Mr nice ipo guy to analyse it and follow him blindly. :D
Anonymous said…
How to apply to placement tranche? Thank you.
Mr. IPO said…
Congrats to those who are lucky enough. To get placement tranche, click on my lessons on IPO. There is an article to tell u how to lay your hands on the placement share written some time back.
Anonymous said…
Not so lucky compared to MTGC :-(
Will buy some on open today, anyone selling?
Anonymous said…

Mr Ipo,
At least you are luckier you still have 4 lots.
Will you be selling and at what price ???
Mr. IPO said…
Not selling. I was hoping to get more shares from public tranche to keep for the yield.
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Anonymous said…


[[ anonymous 7 ]]

re : Mr. IPO said...

Not selling. I was hoping to get more shares from public tranche to keep for the yield


==========


actually, given the increase in property taxes, it is wise to collect whatever safe dividends can be found.

S$1000 in property tax means around S$20,000 to S$25,000 in MapleTree China or CRT.

For S$9000 in annual property tax, one has to have around S$200,000 in these REITS / Trusts.

High property prices are no that fun after all, right? Are my calculations correct.


Mr. IPO said…
I have different buckets for different stuff. Those lots are in the "passive income" bucket.

Usually distributions from REIT to Singapore unit holders are free of tax whereas if you own a real property, you have to pay property tax and taxes on rental income.

Anonymous said…


[[ anonymous 7 ]]


paying property tax (on physical real estate) from dividends from REIT (distributions) is a beautiful arrangement, ... that's what I'm suggesting.