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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

Keppel DC REIT - Balloting Results

Keppel DC REIT announced its balloting results this evening.

For the public tranche, it was around 9.6x subscribed.

Public Offer


Looking at the balloting table above, investors who applied for 100 lots will have a 50% chance of getting 23 lots....

Mr IPO's balloting results


Mr. IPO have not bathed for weeks.... and was unsuccessful despite a 50% probability of getting the shares.... :(

Placement Tranche


With regards to the placement tranche, nothing to shout about. Two Temasek related entities subscribed for the placement tranche and the independent directors invested in the REIT as well.

It will be interesting to see how the shares performed tomorrow.

Happy Data REITing.


Comments

Unknown said…
Didnt get it as well.. Applied for 50lots.. Felt damn sucky
Anonymous said…
applied for 2 slots and get 1 slots..lol
Anonymous said…
Same - got one lot, applied 2 lots
Anonymous said…
Freaking frustrated...applied 2 not allotted any.
Arse luck...
Anonymous said…
Applied 50 lots got 12. Hope it performs well mr!
Anonymous said…
Hey Mr IPO, thanks for the balloting results again. Sadly I applied for 100 and got nothing lol. Btw do u happen to have any idea why the Kep TT share price has been falling everyday ever since the IPO of the reits is confirmed? lol I was expecting it to either climb up a bit or at least hover around the price since the Reits IPO is materialised? And also, do you happen to have done any calcuation on how much special dividend Kep TT may potentially give due to the Reits IPO? Hope you can enlighten me Sir.
Mr. IPO said…
Unfortunately I never keep track of Keppel T&T. Let me go dig around and see if there are any news flow.
K said…
Where can I find the IPO ballot results you published online?
Anonymous said…
The IPO results are published in today's Business Times & the SGX website.
Angeline said…
Sad! Same here. Not allocated anything :(
Sanae said…
I thought I was unlucky.. Applied 35 lots got none.. Looks like everyone reading your blog didn't get much. Haha

Will you guys be buying later when it opens?
Benjamin said…
I applied for 10 lots got 3 lots .
Benjamin said…
You guys are rich, can have spare cash to apply for 100 lots upfront
Anonymous said…
Any wild guesses on the opening price and end of day prices?
Anonymous said…
got 6 lots. may enter later to load up more.
Anonymous said…
high i saw is .985 and low at the moment is .95.
Anonymous said…
Hi Mr IPO, thank you so much for helping to find out about Keppel T&T. I will look out for any information here :) Have a good day!
Anonymous said…
Applied for 10 and came up empty! Sigh
Anonymous said…
Mr IPO, have you sold yours?
Anonymous said…
Easy money for banks to make! Not allocating shares to us but still take $2. Lol.
Anonymous said…
Hi Mr IPO, sorry to bother u about not-exactly-IPO-related stuff here. Just wondering if you happen to be able to find any stuff about Keppel T&T haha. It is still falling everyday without fail regardless of the general market. lol Thank you Sir.
Mr. IPO said…
Sorry. Didn't manage to find out anything..