YKGI ("the Company") is a home grown brand with more than 30 years history in F&B. The group started in the 1950s, selling braised duck in Nee Soon. Today YKGI operates 77 retail outlets selling Yew Kee duck rice and XO minced meat noodles. It is also the exclusive franchisee of Chicha San Chen tea shops in Singapore. 

The placement trache comprises 82.75m shares at Singapore 20 cents each, with 53.75m New Shares and 29m Vendor Shares. The offer closed on 1 Feb 2023 and will commence trading on 6 Feb 2023. It was quite unusual, but the Company did not have any press release on the placement tranche or the IPO placement results as of 4 Feb. As such, I am unable to tell you whether the demand for the duck rice was "hot" or not. The market cap based on 425m shares is $85m.