Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

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 ...
Post a Comment
Read more
Labels
Posted by

Propnex Limited - Balloting Results

Propnex announced that its public tranche was 24.6x subscribed and combining both public and placement tranche, the offer was 2.2x subscribed.

The balloting table is below for your reference. You can see that the majority of the shares were allotted to those who applied between 100,000 to 499,900 shares and they have a 58.5% probability of receive 8,000 shares each.


Good luck to those who applied and got some share! :)

Happy propnexing!
Email Post
Labels:

Comments

Post a Comment