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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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Frasers Logistics & Industrial Trust - Balloting Results



Frasers Logistics and Industrial Trust ("FLT") announced a strong set of subscription results where the offering was 6x subscribed. It is the largest IPO to-date with S$903m raised.

15 cornerstone investors took up ~48.6% of the units on offer and trading will start on 21 June 2016 at 9am.

"FLT's future growth is driven by a unique multi-pronged growth strategy, both organically through earnings upside from two pre-committed development properties and built-in annual rental increments; as well as Sponsor-driven, inorganic growth from the acquisition of three Call Option Properties, which have been 100.0% pre-committed to incoming tenants. Going forward, we intend to actively manage and enhance the REIT's portfolio to provide stable and growing distributions for our Unitholders." 

The balloting table for the public offering of FLT is presented below. It is very well subscribed. While investors who applied for shares will definitely get "some allocation", the number allocated is definitely well below what investors subscribed for. 


Given the 'hotness', the IPO should debut well unless it is "derailed" by Brexit sentiments. 

I understand from sources that this IPO is very well subscribed by HNWIs from private banks and were provided 50% leverage on them.

Good luck to those who subscribed :)
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Anonymous said…
Can You review the upcoming United global ipo
30 June 2016 at 08:56
Mr. IPO said…
Yes I will :)
30 June 2016 at 13:32
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