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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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Nanofilm - Balloting Results

Nanofilm announced that its IPO received strong demand. The public offer was 30.6x subscribed and the balloting table is presented below:

 

Investors who applied for 10,000 shares will have a 32% chance of being allotted 2,400 shares.

 Dr Shi Xu (史旭), Executive Chairman of the Company, said, "As the first nanotechnology solutions provider to list in Singapore, this is a strong vote of confidence for our Group and a recognition of our established track record and growth plans. We would like to take this opportunity to thank our investors for their support, as we strive to bring the business to new heights and continue to redraw the boundaries of material science."

The placement tranche was 22.9x subscribed and as mentioned earlier, Temasek participated directly in the IPO tranche, subscribing for around 15m worth of stocks.

 

Good luck to those who participated and manged to be allotted 😊

Happy Nanofilming tomorrow !

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