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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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Advancer Global Limited - Balloting Results


Advancer Global announced that its shares have been 5.5x over-subscribed. The public tranche of 2m shares were about 98x subscribed! 

It is interesting to note the intent of the management in the press release which is reflected in the balloting ratio.

"We are heartened by the strong vote of confidence from both the retail and institutional investors. The balloting ratio reflects the management's intent to distribute to a wider and diversified group of investors to participate in the future growth of the company."

 You can see that management has "favored" the smaller retail investors this time round and if you apply for less shares, the probability of getting the shares is actually higher! This is probably the first time i see such balloting table favoring smaller retail investors! 


Havenport Asset Management subscribed for 8.2m placement shares (consisting 19% of the IPO tranche). It's good to see some "real money" in the IPO.


My view is that the IPO was very well received by different investors group and it is definitely good to see a "real money"  institutional investor. Investors who are lucky enough to get some shares should see a chilli hot debut on Monday.

Happy IPOing


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Anonymous said…
Managed to get some. Good luck! Friday's DJIA up 200 points should help sentiment too
9 July 2016 at 10:12
Mr. IPO said…
Very lucky! ^_^
9 July 2016 at 10:42
爱美女孩 said…
Apply 40000, get non..T.T
9 July 2016 at 13:55
爱美女孩 said…
Apply 40000, get non..T.T
9 July 2016 at 13:56
Unknown said…
Do you think it's better to take profit if gap up on monday? Or have chance to steadily rise up like acromec?
10 July 2016 at 01:42
Mr. IPO said…
I wish I know. Lol. ^_^
10 July 2016 at 08:27
Novakayne said…
Acromec's business is mainly based on labs, factories and institutes start-ups/expansions while Advancer's based on maid and cleaning services which I feel has higher resilience against the market. That said, it still depends strongly on the growth strategies of these companies. Just sharing my two cents...
10 July 2016 at 09:26
Anonymous said…
sold in the first few min at 34.5c... I see the high was 39.0, but not complaining.. did much better than I expected :)

Thanks for your great call on this issuance!
11 July 2016 at 09:34
Danny Liow said…
Apply 100000, get non. @_@. now price is $0.37
11 July 2016 at 10:33
Anonymous said…
Congrats Master. This one bee tang :D
11 July 2016 at 13:56
Anonymous said…
Took profit at $0.42...

tks!
11 July 2016 at 15:24
Unknown said…
the PE ratio is still rather low with yield at 5%. think will chiong more tomorrow to 50c
11 July 2016 at 17:28
Anonymous said…
Hopefully it Chiong like Acromec.. :)
11 July 2016 at 21:20
Anonymous said…
Just curious Mr Ipo, u sold ur placement?
12 July 2016 at 11:33
Unknown said…
What bout procurri
12 July 2016 at 23:44
Unknown said…
Yah any writeup for procurri?
14 July 2016 at 00:30
Unknown said…
No analysis on procurri??
14 July 2016 at 22:42
Mr. IPO said…
Weekend then do. Lol.
14 July 2016 at 22:48
Unknown said…
Katrina group leh
15 July 2016 at 21:42
Unknown said…
aiyo mr iso hurry leh waiting for your verdict before applying leh
16 July 2016 at 23:16
Anonymous said…
He doesnt owe u anything
17 July 2016 at 10:13
Anonymous said…
Advancer still will Chiong?
17 July 2016 at 13:29
Unknown said…
He doesn't owe u anything too
17 July 2016 at 16:50
Anonymous said…
I didnt rush him or anything. He is doing this voluntarily out of his own free will. You are the one who is very rude to rush him as if he is at your beck and call. Learn some manners first will you? :)
17 July 2016 at 20:03
Mr. IPO said…
Haha it's ok la. Don't quarrel. I do this at my own free will and time so I am not affected. :) appreciate you speaking up.
17 July 2016 at 22:52
Unknown said…
Hi Mr IPO. Appreciate if u can share yr opinion as to why the share price of Advancer keep dropping recently? And if the shares are worth to keep for longer term? Thanks
19 July 2016 at 12:36
Mr. IPO said…
I have provided my views on whether to buy and what I think the "fair value" should be. Unfortunately I won't be able to tell you why prices move up or down...
19 July 2016 at 14:33
Anonymous said…
Hi Unknown, because mr IPO was vested in the IPO and subscribed a lot. he wrote a positive review, and then he sold it on day 1, leaving investors like you who truly believe in the stock fundamentals with a big loss. And he has no guts to publish my post.
2 August 2016 at 22:48
Mr. IPO said…
As long as you are not rude, i will always publish your posts.

(1) my ratings is for readers to decide whether they want to subscribe or not. Not for readers to chase the stocks after it has listed
(2) I tell you whether i am vested or not so that you can decide for yourself whether my views are biased and most of the time, they are.
(3)Readers who have been following me for a long time knows that being vested doesn't affect my chilli ratings. I have given zero ratings to IPOs which i am vested so are you new to my blog?
(4) I have shared what i think the fair value range is in my blog. If the price moved beyond my fair value range because investors chase them, am i not allowed to sell?
(5) If you think i can control the market, you have to think again...
3 August 2016 at 00:31
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