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IPO Chilli Ratings

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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Durians Ratings?

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When i first decided on the ratings for my IPO blog, durians was definitely on my list of options.

Instead of having 3 Chilli Hot, i can have "3 Durians Pao-Jiak (sure eat)" ratings ðŸ˜‹


But in the end, i choose Chilli as it has a sense of "hotness". 

When Jonah from a Durian Delivery start up contacted me regarding a potential "collaboration" in June, there was a sense of Deja Vu.... maybe it's time to rebrand the IPO ratings ?!  ðŸ˜Ž so in my moment of weakness, i said yes...

Anyway, Jonah reached out recently when the season started and offered a discount for my readers. 
If you key in the quote "mripo" on their website www.duriandelivery.com.sg, you will get a 5% discount. In return, i got to try out some durians. hahaha


I tried the old tree MSW and the regular MSW (Mao Shan Wang) durians.....

Verdict - freshly delivered in sealed boxes and the moisture and texture is still intact when i opened it after one day.


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Given the glut of supply, I didn't really compare prices, so you will have to analyse for yourself whether it is "value-for-money". 

Happy Pao-Jiaking...
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