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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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An Evening with Mr. IPO - 17 Nov 2017

It is my pleasure to invite you to spend an evening with Mr. IPO.... 😋... Ok the subject header is misleading but the storyline goes like this... 

Mr. IPO has been invited by SGX to help promote SGX 🐂 Bull Charge 2017 among its legions of fans  where SGX will sponsor 10 lucky readers to run beside Mr. IPO for the 5km Mass Run (yes, it's complimentary like the free Sambal Chillies he dishes out. 😎). 

Unfortunately, Mr IPO may have to put on a disguise 👹 due to the number of corporate titans that he has offended, especially from CEOs that have gotten chopped chillies from him. They frankly can't wait to chop 🔪 him into pieces 😓

As a safety precaution, Mr. IPO will be training up so that he can get away 🏃quickly from the chopping knives. He may also volunteer to become the "face" of SGX Bull Charge 2017. Hence, readers who are keen to spend an evening with Mr. IPO will get to run beside him, and hopefully get a picture with him afterwards. 


This will be the first of a series of promotional post which I will be writing on SGX Bull Charge. If you have any suggestions on how I can run an online campaign to allocate the 10 tickets, that will be much appreciated! I intend to give out the tickets in pairs 👫

Personally I have participated in the annual Bull Run around Marina Bay since 2010 for the free exercise T-shirts 🎽(missed last 2 years due to travel schedule). The view is awesome as you run 5km around from the floating platform towards One Fullerton and then turn left to Marina Bay Sands before heading to the Singapore Flyer and ending back at the Floating Platform. I am sure you will enjoy the run. 


More details on how you can get a complimentary pair of running tickets will be released in the coming days on the Singapore IPOs Facebook Page (hint hint: what are you waiting for?)

Happy Bull Charging!  More information on the event below and can be found on here.

Event Details




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Comments

Eric said…
Hi Mr IPO,

I m Interested. Do allow me to run beside you. Haha. Many thanks
23 July 2017 at 16:45
Mr. IPO said…
Hahaha ok! more details will be posted later on my Facebook page!
23 July 2017 at 17:11
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