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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
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OUE Hospitality Trust - Balloting Results



OUE Hospitality Trust ("OUE HT") announced that its public offering was 19.1x subscribed. This is pretty strong set of subscription numbers, thereby endorsing its "decision" to do this IPO one day after SPH REIT. Trading will start tomorrow at 2pm. The announcement is here and the press release is here.

The balloting table for the public offering is as follows:


You can see that investors who applied for less than 50 lots receive 61.7% of the public offer and have a higher balloting ratio as well. ^_^ 

Mr IPO's result

Only used one account to apply this time and it is salted vegetable life this week despite the good probability. :(



Congratulations to those who got the shares. Don't ask me what to do with your money. I have given you what i think will be the fair value range. 




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Tan said…
Again...20000 shares but got nothing... another $2 down the drain. Have no zero in my ipo record before. Now got 2 straight zero.
24 July 2013 at 22:53
Mr. IPO said…
Errr... What other IPO shares u applied before ah? I always have a lot of zeros
25 July 2013 at 07:24
lzw said…
two straight zeros here as well. the last one I managed to get was Sg Kitchen Eqpt...
25 July 2013 at 09:31
Mr. IPO said…
Wow means super suay la. Two zeros plus negative. Must be more selectively ah.
25 July 2013 at 09:36
Mr. IPO said…
Such a weak opening. Maybe never get is lucky instead??
25 July 2013 at 14:03
Anonymous said…
It's slowly moving upwards :) Theres hope
25 July 2013 at 14:07
Anonymous said…
Hi Mr IPO and thanks a lot for your great write ups and advice :)
Once stabilizing action is over how low do you think the price will go?
25 July 2013 at 14:12
Mr. IPO said…
Errr u asking me to predict the market ah? If I know I don't have to work liao. Haha. Stabilization will kick in only if drop below 88c la.
25 July 2013 at 15:13
Anonymous said…
Would you be doing one on money max 's ipo?
26 July 2013 at 10:37
Anonymous said…
How to go about applying for placement? thanks
27 July 2013 at 09:42
Mr. IPO said…
Refer to the top right corner on my blog "for newbies"
27 July 2013 at 09:45
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