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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 ...
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Happy 12th Anniversary


Today is 7 of July 2019 - 07.07.2019. A whole 12 years has passed. My first post was horrible 😫 and my last anniversary post was here!

I started this blog with a very simple intent, to blog about why i decided to punt an IPO or not and this blog has actually grown to have a life of its own ðŸŽ‰ 


It 's really quite heartening to see the readership base growing to 7,154  albeit the growth has slowed to a single digit 4% in 2019. ðŸ¤•  I will need to find some ways to improve ðŸ†™ the growth rate again. 

The poor growth rate is probably a reflection of the poor IPO markets in Singapore that affects my readership bases and lack of good quality companies seeking listing in Singapore. Other than REIT sector that is still going strong, the market cap of those de-listings probably outweigh those seeking listings. This is a structural problem that require almost immediate attention but i don't think the relevant parties know where to begin.🤒


Hope the 2nd half of 2019 can be a better year for Mr. IPO, he has been eating "grass" 🌵 for a long time already... and if this continues ... may end up in ðŸ˜‡ 

On a lighter note, thank you all for walking this journey with me. My life would not be the same without your companion.



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aloner said…
Hope you are doing fine? Health is wealth.
12 July 2019 at 13:49
russ said…
Happy anniversary mr ipo!thxs for the sharing..����
Any thots on the Prime ipo?
13 July 2019 at 02:23
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