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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 ...

Credit Bureau Asia - Balloting Results

Credit Bureau Asia's public tranche of 1.5m shares was 60.8x subscribed.The balloting table is presented below for your reference.



My application for 100,000 shares through the ATM was unsuccessful as the probability is 30%. However, I do have a nice allocation from the placement tranche. I used UOB internet banking to apply this time and I have to say that UOB is much faster in refunding the IPO proceeds (around 4pm) while DBS will usually do the refund after 7pm.

Besides the cornerstone investors that were announced, the following institutional investors subscribed for more than 5% of the Offering Shares (30m):



Readers who participated in the straw poll indicated that 69% of you have decided to subscribe for the IPO. Good luck if you are one of the lucky ones!


Comments

Anonymous said…
I saw you wrote you have some placement shares for this ipo.

Will you be selling all your placement shares on the first day of trading or will you keep the placement shares for long-term investment?
Mr. IPO said…
Quite difficult to say now as it depends on a few factors, opening price, trading volume etc :) I may sell some and keep some.
Anonymous said…
I am also vested in this ipo.

So can reveal if this ipo hit what price tomorrow, you will sell some of your placement shares?

And you intend to hold how many shares for longterm?
Anonymous said…
Dear Mr Ipo,

My Internet Banking shows Provisionally Alloted, however I also received full refund from DBS...

Means never get? Previously it shows successful or not successful, and if provisional usually means I got alloted some leh...

Confused now...
Mr. IPO said…
If you received full refund - means never get lor. Safest way is to check the CDP account using web or the SGX app.
Mr. IPO said…
No need to be so specific lah - each person circumstances and risk return expectation different. :) Share with you some options to consider

Option 1 - If open around below $1, hold. If open above $1, sell half keep half. If open >$1.20, run first talk later

Option 2 - Trail the opening. If weak, get out. If have momentum, keep holding until you get stopped out.

Option 3 - If really long term hold, don't look at the share price. Just zzz peacefully every night.
Anonymous said…
you get stopped out
Mr. IPO said…
Yes, was stopped out :)
Anonymous said…
what will be good price to enter this scrip if for long term
2Y Capital said…
Probably around the price where you think the yield can cover your opportunity cost.