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
Posted by

Tee Land Limited - Balloting Results

Tee Land is subscribed by 2.6x on an overall basis. Just to update on my earlier post, i did not apply. This post is just for records and completeness.



It is difficult to get the public tranche but at the time where i write this report, it may not be worth your while if you apply for less than 10 lots and that is assuming you managed to sell at 56c.

It's the June school holidays. Have fun and forget about the market for now :) 

Mr. IPO will be gone for a short break while but maybe you can catch him at his travel blog or follow him on Instagram. 

Email Post

Comments

Post a Comment