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IPO Chilli Ratings

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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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World Class Global - balloting results

Word Class Global announced that it's IPO was 2.1x subscribed and also triggered the over-allotment. 

The balloting table is presented below. Investors had a 50% chance of getting the shares.


Mr Ng Sheng Tiong, Executive Director and CEO of WCG, commented, "We are highly encouraged by the positive response we have received for our IPO. This clearly demonstrates the strong confidence that the investors have in WCG's investment story. With the success of our IPO, I am optimistic that we are now well-placed to develop our property assets in Australia and Malaysia to their fullest potential."
 Good luck to those who got it... hope the founders support the shares after "cashing out" ...
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Anonymous said…
Hi, I am new into buying ipos. Hence I would appreciate if you could take some time off to answer my questions. I do have a CDP account, but have yet to find a broker. If lets say, DBS Vickers is my broker, can I ring up my broker to ask them on the amount of shares they are able to offer me, instead of bidding it from the atm? Also, if I were to sell off my shares, can I do it via online platform instead of ringing up my broker? Thanks a lot.
15 June 2017 at 02:38
Malcolm Loh said…
weak debut. 27 cents.
15 June 2017 at 09:13
Mr. IPO said…
Your broker can only help you bid for placement provided they are the underwriter or lead manager.

Once the shares are in your CDP account, you can sell through any brokers. Be it online or offline.
15 June 2017 at 15:15
Unknown said…
HRnetGroup on Thursday launched a S$174 million initial public offering (IPO) on the Singapore Each mainboard at a price of S$0.90 per share for about 193.4 million shares.

More than half of that, at about 103.9 million shares, will go to cornerstone investors. The remaining 89.5 million shares, there will be a public tranche of 3.8 million shares. The public tranche includes 440,800 shares reserved for the group' s directors and employees.
19 June 2017 at 19:04
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