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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

Terratech Group - Placement Results

I have updated my blog post on Terratech Group with pictures but the ratings remain unchanged. 

The placement results didn't show any interesting names.



I am not sure who these individuals are, maybe some enlightened readers can share with me. 

Good luck to those who bought the marbles from the placement tranche.

Happying IPOing.


Comments

Anonymous said…
can those above mentioned individuals unload their shares on debut,which is today?


is there any time flame or depends on individual company?
Mr. IPO said…
For sure they can.... They are not under moratorium.
winston koh said…
closed 0.215,really trade below its placement on the 2nd day.

warning sign?