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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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Versalink - Balloting Results

Versalink reported its balloting results. The ratio is as follows. It is not easy to get though.



Having said that, the tranche is only 1.5x subscribed, so the debut may not be strong. It may be a good thing if you apply and didn't get it.

Let's see how it pans out tomorrow.

Happy IPOing



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Seeking Private Returns said…
Ok debut at 0.34. Got 6 lots and $240 gain excluding commissions.

Considering that it's only 1.5x subscription, got lucky!
24 September 2014 at 10:06
Anonymous said…
Hi Mr IPO, there is something about the REITS which puzzled me. U have any idea why the price of some REITS are pretty stable eg. IREIT, OUE C trust, OUE H trust. However there are some which make quite big swings, even intraday price swings. Which counter would u recommend for a very conservative investor who would like the share price to be stagnant?
30 September 2014 at 00:32
Anonymous said…
Hi Mr IPO, there is something about the REITS which puzzled me. U have any idea why the price of some REITS are pretty stable eg. IREIT, OUE C trust, OUE H trust. However there are some which make quite big swings, even intraday price swings. Which counter would u recommend for a very conservative investor who would like the share price to be stagnant?
30 September 2014 at 00:32
Anonymous said…
How about new IPO emas?
30 September 2014 at 22:12
Mr. IPO said…
A lot will depend on how much free float is in the market. If a company has hardly any large buyers and sellers, and are held by strong institutions or founders, then the shares tend to be less volatile.
1 October 2014 at 21:40
Anonymous said…
Hi Mr IPO thank you so much for sharing your insights. For a conservative investor who is just looking for the yield and constant dividend but not capital appreciation (but of cos hope it is equally unlikely for capital depreciation too), which REITs will you recommend? Is OUEHT, OUE CT, IREIT good choice? What other options are there? They have been relatively stable since launched, I am just wondering if there is reasonably good chance things can stay the same in the few years ahead. Thank you Sir
2 October 2014 at 23:34
Mr. IPO said…
Well I never really study the volatility so I can't really opine.
3 October 2014 at 22:47
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