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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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Oiltek International Limited - Balloting Results



Oiltek International Limited announced that it has received strong demand for its IPO where the public tranche was 112.9x subscribed. On an overall basis, the IPO was 4.3x subscribed.

Mr. Henry Yong Khai Weng (杨淳麟), Executive Director and CEO of Oiltek, said, "The
positive demand from both retail and institutional investors indicates a clear signal of
investors' confidence in Oiltek's business model and growth potential. This is the
beginning of our new corporate journey. With an acceleration of global trends shifting
towards sustainability, we are incredibly excited about the opportunity to create value for
all stakeholders by capitalising on the rising growth of the renewable energy sector.

For investors who apply for 100,000 shares, you will have a 25% chance of success and be allotted 4,000 shares.



Substantial applicants are also presented below.



The IPO will start trading tomorrow at 9am. Good luck to those who were allotted. 

Happy Oilteking




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