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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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Starburst Holdings Limited - Balloting Results



Starburst Holdings Limited announced their balloting results this evening and the company will start trading tomorrow. The entire tranche was about 9.5x subscribed. I have to say that IPO is very hot.

Public Tranche


The public offer is very difficult to get with probability of around 14% for those who applied for 100,000 shares.

Placement Tranche


As per my IPO write up, Alan Wang from Asdew Acquisitions took 10m placement shares and Eastspring Investments (part of Prudential) are the anchor for the placement tranche. Collectively, they own about 6.4% of the Company and the remaining free float is now reduced to about 34m shares (13.6%). My personal view is that the two are quality investors with a long term investment holding horizon. This should bode well for investors of Starburst.

Happy IPOing and congratulations to those who got the shares. ^_^
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Anonymous said…
I applied 250 lots and got 5 lots.
9 July 2014 at 22:51
Anonymous said…
Mr IPO, will u consider holding long-term? part of your SRS portfolio?
9 July 2014 at 23:55
Mr. IPO said…
I would consider if I have gotten the shares at IPO. But having said that it all depends on how it debut.
10 July 2014 at 00:01
Anonymous said…
Strong debut, Sell and keep profit...

Weak debut, buy and hope this would be ur million dollar break?

:)
10 July 2014 at 00:21
Mr. IPO said…
Something along those lines. Haha :)
10 July 2014 at 05:24
Anonymous said…
Hi Mr Ipo,

U sold ur placement shares?

Or added for long term?
10 July 2014 at 09:29
Anonymous said…
wow, a very powerful debut. Have you sold yours, Mr IPO?
10 July 2014 at 10:08
Mr. IPO said…
Sold some at 43. Still holding some. If for long term, it will be in my "SRS" account.
10 July 2014 at 10:38
Anonymous said…
Congratulations, Mr IPO! Price now is 47.5c. :-)
11 July 2014 at 14:13
Mr. IPO said…
Thanks! Small holdings nia
11 July 2014 at 14:31
Anonymous said…
Still going strong today. Looks like a keeper, niche supplier and security spending is inelastic, regardless of good/ bad times.

Lucky applied for 30k, got 3k. First Catalist company in my portfolio
11 July 2014 at 15:49
Mr. IPO said…
You are very lucky indeed. :) all the best!
11 July 2014 at 16:12
Anonymous said…
Hi Mr. IPO. After the 1H2014 result, do you now keep this in your SRS account?
16 August 2014 at 08:04
Mr. IPO said…
Unfortunately, I was too busy and didn't have time to load this.
16 August 2014 at 08:59
Anonymous said…
But at least do you now consider this for long term holding?
16 August 2014 at 09:54
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