Select Page

Phantom Digital Effects IPO Details

Phantom Digital Effects IPO Details

Phantom Digital Effect’s initial public offering (IPO opens on October 12 and closes on October 14, 2022. They are planning to raise about Rs 29.10 crore through this public issue.
Founded in 2016, we are a creative VFX studio specialising in film and commercial VFX. They have delivered thousands of shots for Hollywood, independent feature films, and commercials in the past few years. Apart from working on film productions and commercials, the company periodically subcontracts with larger visual effects studios as well.
They are a Certified Trusted Partner Network company, a full-fledged creative VFX studio based in India with offices operating in the US and Canada. They provide high-end visual effects solutions for commercials, feature films, and television media globally. Phantom Digital Effects Limited offers all sorts of creative VFX works, ranging from final compositing and rotoscoping to creating 3D elements, photo-real creatures and environments, 3D match-moves, and animations. Company specialisations include:

  • Completing a Shot with final compositing
  • Creating 3D elements, photoreal creatures, and environments
  • Rig/Wire removal, paint cleanup, rotoscopy
  • 3D matchmove
  • 3D animation (storyboard, animation)
  • Pre-visualization Game cinematics
  • Fire / water Fx and other natural phenomena 3D ride animation

Financial Highlights

YearFor period ended on June 30, 2022 FY 2022FY 2021FY 2020
Total Assets2108.341491.08731.95537.4
Total Revenue1234.882236.6715.411326.72
Profit After Tax (PAT)411.11490.217.5111.3
Net worth936.64525.5335.3232.46
Total Borrowing276.91251.81385.25298.69
(Rs in Lakhs)

Objects of Issue

  • Working Capital Requirement
  • General corporate purposes
  • Issue Expenses

Phantom Digital Effects IPO – Detail

According to the DRHP filed by the company with SEBI, they are planning to raise about Rs 29.10 crores through this public issue. IPO opens on October 12 and closes on October 14, 2022.

Issue TypeBook Built Issue IPO
IPO Price Rs 91 to Rs 95 per share
Face ValueRs 10 per share
Market Lot1200 shares
Issue Size30,63,600 shares of Rs 10
(Aggregating up to Rs 29.10 Crore)
Fresh Issue26,40,000 shares of Rs 10
(Aggregating up to Rs 25.08 Crore)
Offer for Sale4,23,600 shares of Rs 10
(Aggregating up to Rs 4.02 Crore)
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
Listing AtNSE SME
PromotersMr. Bejoy Arputharaj Sam Manohar

Important Date

IPO opens onOct 12, 2022
IPO closes onOct 14, 2022
Basis of Allotment publication dateOct 19, 2022
Credit of shares to Demat AccountOct 21, 2022
Initiation of refundOct 20, 2022
IPO listingOct 25, 2022

Lot Size of Phantom Digital Effect IPO

Retail (Min)11200Rs 1,14,000
Retail (Max)11200Rs 1,14,000

Promoters Holdings

Pre Issue Share Holding87.38%
Post Issue Share Holding63.92%

Also read: Tracxn Technologies IPO Detail

Phantom Digital Effect IPO – Noteworthy Highlights

  • They are a Certified Trusted Partner Network company
  • Company has worked with large number of marque clients which includes KJR Studios, DRP-Gunaa Teamworks, Zoic INC, RaajKamal Film International, Retrophiles Private Limited, MatchBox Shots LLP, VFX Cloud, Sun TV Network, 24AM Studios, Eros International Media Ltd, The Vermillioan World, Konidela Production Company and Slingshot Creations.

Phantom Digital Effect IPO – SWOT Analysis


  1. Availability of latest available technology and software
  2. Experienced Promoters and Technically Sound Operation Team
  3. Strict quality control in production process.
  4. Ensure privacy of the project and its contents
  5. Company has worked with large number of marque clients which includes KJR Studios, DRP-Gunaa Teamworks, Zoic INC, RaajKamal Film International, Retrophiles Private Limited, MatchBox Shots LLP, VFX Cloud, Sun TV Network, 24AM Studios, Eros International Media Ltd, The Vermillioan World, Konidela Production Company and Slingshot Creations.


  1. High cost of capital, basic inputs, and manpower cost
  2. Upgradation of knowledge of our project execution team.
  3. Dependency on promoters and KMPs


  1. With the increasing use of digital video streaming outlets like Amazon Prime Video, Netflix and Hulu, high-quality content and VFX are becoming more important.
  2. Smart devices like smartphones, tablets, laptops, and HD TVs are increasingly being used to promote the development of digital video streaming services. Many video services and studios utilize VFX in films and TV shows.
  3. Increased adoption of virtual production and rising VFX budgets for content.
  4. Increased demand for higher-quality domestic film and episodic content.


  1. Company operates in the constantly evolving VFX market, which is subject to rapidly changing clients behavior and tastes, and depends on audience acceptance of content for which the Company provides VFX services and the long-term popularity of the brands.
  2. If company are unable to source business opportunities effectively, they may not achieve our financial objectives.
  3. Availability of quality talent
  4. Rapidly changing technology making earlier one obsolete very fast.
Download ProspectusPhantom Digital Effects IPO DRHP
Phantom Digital Effects IPO RHP
Company Contact InformationPhantom Digital Effects Limited
6th Floor, Tower B,
One India Bulls Park, Plot No.14,
3rd Main Road, Ambattur, Chennai – 600058
Phone: + 91 44 43846228
Email: [email protected]/
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
IPO Lead Manager(s)Corporate Capital Ventures Pvt Ltd 


The allotment date of Phantom Digital Effect is October 19, 2022.

The lot size of Phantom Digital Effect is 1200 shares. Investor are required to apply minimum 1 lot of 1200 shares of Rs 1,14,000.

Phantom Digital Effect IPO listed on Stock Exchange on 25 October 2022.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
IKIO Lighting Ltd.6-Jun-238-Jun-23
Nexus Select Trust Ltd.9-May-2311-May-23
Mankind Pharma Ltd.25-Apr-2327-Apr-23
Avalon Technologies Ltd.3-Apr-236-Apr-23
Udayshivakumar Infra Ltd.20-Mar-2323-Mar-23
Global Surfaces Ltd.13-Mar-2315-Mar-23
Adani Enterprises Ltd.27-Jan-2331-Jan-23
Sah Polymers Ltd30-Dec-224-Jan-23
Radiant Cash Management Ltd23-Dec-2227-Dec-22
Elin Electronics Ltd20-Dec-2222-Dec-22
KFin Technologies Ltd19-Dec-2221-Dec-22
Sula Vineyards Ltd12-Dec-2214-Dec-22
Uniparts India Ltd.30-Nov-222-Dec-22
Dharmaj Crop Guard Ltd.28-Nov-2230-Nov-22
Landmark Cars Ltd.13-Dec-2215-Dec-22
Keystone Realtors Ltd.14-Nov-2216-Nov-22
Inox Green Energy Ltd.11-Nov-2215-Nov-22
Kaynes Technology Ltd.10-Nov-2214-Nov-22
Global Health Ltd.3-Nov-227-Nov-22
DCX Systems Ltd.31-Oct-222-Nov-22
Tracxn Technologies Ltd.10-Oct-2212-Oct-22


Issuer CompanyOpenClose
Cosmic CRF Ltd.14-Jun-2316-Jun-23
Urban Enviro Waste Management Ltd12-Jun-2314-Jun-23
Spectrum Talent Management Ltd.9-Jun-2314-Jun-23
Sonalis Consumer Products Ltd.7-Jun-239-Jun-23
Kore Digital Ltd.2-Jun-237-Jun-23
Comrade Appliances Ltd.31-May-235-Jun-23
Sahana System Ltd.31-May-232-Jun-23
CFF Fluid Control Ltd.30-May-232-Jun-23
Infollion Research Services Ltd.29-May-2331-May-23
Hemant Surgical Industries Ltd.24-May-2326-May-23
Proventus Agrocom Ltd.24-May-2326-May-23
Vasa Denticity Ltd.23-May-2325-May-23
Crayons Advertising Ltd.22-May-2325-May-23
Remus Pharmaceuticals Ltd.17-May-2319-May-23
Krishca Strapping Solutions Ltd.16-May-2319-May-23
Auro Impex n Chemicals Ltd.11-May-2315-May-23
Innokaiz India Ltd.28-Apr-233-May-23
De Neers Tools Ltd.28-Apr-233-May-23
Retina Paints Ltd.19-Apr-2324-Apr-23
A G Universal Ltd.11-Apr-2313-Apr-23
Pattech Fitwell Tube Components Ltd.5-Apr-2312-Apr-23
MOS Utility Ltd.31-Mar-236-Apr-23
Sancode Technologies Ltd.31-Mar-236-Apr-23
Exhicon Events Media Solutions Ltd.31-Mar-235-Apr-23
Infinium Pharmachem Ltd.31-Mar-235-Apr-23
Sotac Pharmaceuticals Ltd.29-Mar-233-Apr-23
Maiden Forgings Ltd.23-Mar-2327-Mar-23
Command Polymers Ltd.17-Mar-2321-Mar-23
Dev Labtech Venture Ltd.17-Mar-2321-Mar-23
Nirman Agri Genetics Ltd.15-Mar-2320-Mar-23
Bright Outdoor Media Ltd.14-Mar-2317-Mar-23
Quality Foils (India) Ltd.14-Mar-2316-Mar-23
Labelkraft Technologies Ltd.13-Mar-2315-Mar-23
Sudarshan Pharma Industries Ltd.9-Mar-2314-Mar-23
Prospect Commodities Ltd.8-Mar-2310-Mar-23
MCON Rasayan India Ltd.6-Mar-2310-Mar-23
Vertexplus Technologies Ltd.2-Mar-236-Mar-23
Systango Technologies Ltd.2-Mar-236-Mar-23
ResGen Ltd.28-Feb-232-Mar-23
Amanaya Ventures Ltd.24-Feb-2328-Feb-23
Srivasavi Adhesive Tapes Ltd.23-Feb-2328-Feb-23
SVJ Enterprises Ltd.23-Feb-2328-Feb-23
Sealmatic India Ltd.17-Feb-2321-Feb-23
Macfos Ltd.17-Feb-2321-Feb-23
ITCONS E-Solutions Ltd.28-Feb-232-Mar-23
San Trica Realtors Ltd.
Patron Exim Ltd.21-Feb-2324-Feb-23
Viaz Tyres Ltd.16-Feb-2321-Feb-23
Lead Reclaim and Rubber Products Ltd.9-Feb-2313-Feb-23
Agarwal Float Glass India Ltd.10-Feb-2315-Feb-23
Indong Tea Company Ltd.9-Feb-2313-Feb-23
Shera Energy Ltd.7-Feb-239-Feb-23
Earthstahl & Alloys Ltd.27-Jan-2331-Jan-23
Gayatri Rubbers and Chemicals Ltd.25-Jan-2330-Jan-23
Transvoy Logistics India Ltd.20-Jan-2324-Jan-23
DHARNI Capital Services Ltd.18-Jan-2320-Jan-23
Aristo Biotech and Life Science Ltd.16-Jan-2319-Jan-23
Ducol Organics And Colours Ltd.9-Jan-2311-Jan-23
Eastern Logica Infoway Ltd.5-Jan-239-Jan-23
Chaman Metallics Ltd.4-Jan-236-Jan-23
SVS Ventures Ltd.30-Dec-224-Jan-23
Rex Sealing and Packing Industries Ltd.30-Dec-224-Jan-23
Anlon Technology Solutions Ltd.29-Dec-222-Jan-23
Moxsh Overseas Educon Ltd.21-Dec-2223-Dec-22
RBM Infracon Ltd.23-Dec-2227-Dec-22
Homesfy Realty Ltd.21-Dec-2223-Dec-22
Arihant Academy Ltd.16-Dec-2221-Dec-22
Uma Converter Ltd.15-Dec-2221-Dec-22
Dollex Agrotech Ltd.15-Dec-2220-Dec-22
Droneacharya Aerial Innovations Ltd.13-Dec-2215-Dec-22
All E Technologies Ltd.9-Dec-2213-Dec-22
Arham Technologies Ltd.5-Dec-227-Dec-22