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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 tax a

KrisEnergy Ltd - Balloting Results

KrisEnergy announced its balloting results. The announcement is here.

Balloting Results - Public tranche

The balloting table is below. The public tranche was oversubscribed by 22.9x. 

It is not easy to get it. If you apply for 10 lots, your probability is 20%. The probability improved to 30% for those who applied for 50 lots and 40% for 100 lots.

You can see that those who applied for 100 lots will get the lion's share of the public offer.

Directors' and Investors who receive more than 5% of the Offering



First time i see the directors so "on" and so many of them applied for the shares. haha hope they are not "flippers". :-P

Anyway, the investors who get more than 5% of the shares in the table above. Good to see Fidelity there.

Mr. IPO's balloting results


Mr. IPO is pretty lucky this time. Got 18 lots for his own account and 9 lots from wifey's account (not declared to her). keke.

Don't ask me how I did it or what is the secret ^_^ cos i won't tell you.... :-P

Comments

Anonymous said…
Any target price tmr?
Read that ur syndicate TP $1.30
lol
Anonymous said…
congratulations mr ipo!

most likely you will flip tmr and settle for at least 2.7k richer! not bad for a day's gain!
Anonymous said…
Congratz!! I wasnt lucky this time... couldnt get any haha
Anonymous said…
There secret in bidding the IPO? Never get any.
Mr. IPO said…
I will be happy if it opens above $1.30. Not greedy. US must also be friendly, don't give me a 500 points drop.
Unknown said…
Congrats! Got non for me.. Oh well, reserve the capital to hoot the reits..
Anonymous said…
open 1.25
Unknown said…
Mr Ninja you very funny and gang hoe to touch the tiger's accont (wife) haha...
Anonymous said…
Hi Mr IPO,

You sure have your secret to get allotted for good ipos,good for up.
But sadly you are not sharing. I don't blame you for that.Trade secret eh?

May I know how at what price you sold your Krisenergy ??? Tks
Mr. IPO said…
All the answers to your questions are on my Facebook page under KrisEnergy. Haha. Go look it up :-P
Anonymous said…
Sorry no facebook account. Would be great if you can post it at this web site. Thanks and regards.
Mr. IPO said…
Think no Facebook also can read la...
Mr. IPO said…
Sold at 1.205.
Anonymous said…
Hi Mr IPO.. any chances of this returning to IPO price?
Mr. IPO said…
Unlikely given the state of the sector