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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 ...
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Novo Tellus Alpha Acquisition ("NTAA") - balloting results

NTAA announced that the IPO was about 3.4x subscribed. 

The balloting table for the public offer is presented below:

If you have applied for the shares, you will "100%" get something. Investors who applied for 10,000 units (or $50,000) will get 1,800 units (or $9000 equivalent). 

Good luck to those who applied. You will have to "wait it out" for the acquisition before you see significant price movements. 

Happy Novo Tellusing!



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