Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

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 tax a
Post a Comment
Read more
Labels
Posted by

Soilbuild Construction - Balloting Results

Soilbuild announced that its IPO was 7.5x subscribed.

The balloting results as follows:


As you can see, it is quite difficult to get a meaningful allocation unless you apply 500 lots (outlay of $125k) of which you then receive 5 lots. Anything less than 500 lots, you get only 1 or 2 lots and the chance of getting it is quite low anyway and can't possibly cover the brokerage unless the IPO opens strongly.

I didn't apply so no "IPO results" to show you.


Email Post
Labels:

Comments

Anonymous said…
The company or its underwriting bank should have some common sense ....
What is the purpose of giving one lot??

To help generate business for SGX???
24 May 2013 at 15:54
Mr. IPO said…
To meet the 1,000 shareholders requirement.
24 May 2013 at 16:50
Anonymous said…
On Friday, STI has dropped 61.2 points, seem like beginning of "Sell on May and go away".

With your expertise, what will be the 1st Day Closing Price of this IPO.

Thanks in advance.
24 May 2013 at 19:13
Mr. IPO said…
My guess is that it will open between 27-30c.
24 May 2013 at 20:15
Anonymous said…
Got lucky, 2 lots! :)
24 May 2013 at 22:42
Anonymous said…



[[ anonymous 7 ]]


re : What is the purpose of giving one lot??

=================

I think this is because retail "investors" flip and stag too much.

So, just allocate nothing to retail investors. That will solve the problem.

Just and deserved desserts.

25 May 2013 at 02:19
Mr. IPO said…
My "syndicate friend" says 35c and above. Lets see :)
25 May 2013 at 13:53
Anonymous said…
brother IPO, soilbuild 0.390. listing price 0.25, even 1 lot also huat big lei. u sure about asia tv ipo? sentiment so good maybe we can make kopi $$$
27 May 2013 at 09:05
Mr. IPO said…
Haha. I am not sure but also prove my "syndicate" friend very zhun. :-P

APTT is tricky as the float is too big and difficult to "control" but may attract yield hungry investors. There are one or two buy reports being circulated by the professional analysts. You may want to read their reports and make your own decisions. ^_^
27 May 2013 at 09:11
Anonymous said…
what your syndicate friend say about asian pay tv? hahahas
27 May 2013 at 10:24
Mr. IPO said…
haha checking with him now :P

I am seriously undecided whether to apply or not. I am thinking of punting but the huge float is always a big worry. hahaha
27 May 2013 at 10:41
Anonymous said…
This IPO offer price was 25 cents but 1st day open price was 37 cents. How does 37 cents was determined?

1st day closing price was 36 cents but 2nd day open price was 35.5 cents. How come open price was 35.5 cents instead of 36 cents?

Thanks in advance.
29 May 2013 at 12:47
Mr. IPO said…
It's all demand and supply la.
29 May 2013 at 13:47
Anonymous said…
How come 1-2 lots then cannot cover.the brokerage.
8 June 2013 at 05:07
Post a Comment