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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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Serrano Limited - Balloting Results

Serrano Limited announced its IPO results this evening.


The public tranche of 1.5m shares as 7.6x subscribed and all investors who applied for the shares will get some shares. I am not familiar with the names mentioned in the placement tranche.


My personal gut feel is that the results is actually not that bad and investors who applied for the shares should be able to "flip" the issue. My "line man" in UOB said there should be some "supporter" for this stock as long as the markets remain stable. 

Good luck to those who applied.

Happy IPOing.
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TOM K said…
This is one IPO after a glut of IPOs, I believe there should be some interest in this IPO especially against the current market backdrop.
24 October 2014 at 23:24
Anonymous said…
Given the small tranche for public, prices could face upward trend as longterm investors make the bulk. My humble analysis
27 October 2014 at 09:48
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