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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 tax a
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Niks Professional Ltd - Balloting Results

Niks Professional announced that its public offer of 1m shares was 5.9x subscribed. Investors who applied will for 100,000 shares will have a 66:99 chance of being allotted 25,000 shares.


Substantial investors include Medinex Limited, Jessie Low (CEO of Medinex) and Tan Lee Meng (Non-executive chairman of Medinex). Medinex Limited is listed on Catalist, with a market cap of $26.4m. Qilin Wealth is related to the Soilbuild Group.  


"The strong anchor commitments from various investors further underscore Niks Professional's growth potential within the family-practice dermatology, aesthetic medical services and medical skincare space, and affirm its vision of becoming an integrated medical skincare platform in Singapore and China."

Let's see if the anchor investors are able to pull Niks out of the IPO doldrums with a good showing 🍍🍍🍍
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