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

Year	For period ended on June 30, 2022	FY 2022	FY 2021	FY 2020
Total Assets	2108.34	1491.08	731.95	537.4
Total Revenue	1234.88	2236.6	715.41	1326.72
Profit After Tax (PAT)	411.11	490.21	7.51	11.3
Net worth	936.64	525.53	35.32	32.46
Total Borrowing	276.91	251.81	385.25	298.69

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 Type	Book Built Issue IPO
IPO Price	Rs 91 to Rs 95 per share
Face Value	Rs 10 per share
Market Lot	1200 shares
Issue Size	30,63,600 shares of Rs 10 (Aggregating up to Rs 29.10 Crore)
Fresh Issue	26,40,000 shares of Rs 10 (Aggregating up to Rs 25.08 Crore)
Offer for Sale	4,23,600 shares of Rs 10 (Aggregating up to Rs 4.02 Crore)
QIB Shares Offered	Not more than 50% of the Net Offer
NII (HNI) Shares Offered	Not less than 15% of the Offer
Retail Shares Offered	Not less than 35% of the Offer
Listing At	NSE SME
Promoters	Mr. Bejoy Arputharaj Sam Manohar

Important Date

IPO opens on	Oct 12, 2022
IPO closes on	Oct 14, 2022
Basis of Allotment publication date	Oct 19, 2022
Credit of shares to Demat Account	Oct 21, 2022
Initiation of refund	Oct 20, 2022
IPO listing	Oct 25, 2022

Lot Size of Phantom Digital Effect IPO

Application	Lots	Shares	Amount
Retail (Min)	1	1200	Rs 1,14,000
Retail (Max)	1	1200	Rs 1,14,000

Promoters Holdings

Pre Issue Share Holding	87.38%
Post Issue Share Holding	63.92%

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

STRENGTHS

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.

WEAKNESS

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

OPPORTUNITY

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.

THREAD

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 Prospectus	Phantom Digital Effects IPO DRHP Phantom Digital Effects IPO RHP
Company Contact Information	Phantom 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]/ Website: https://www.phantom-fx.com/index.php
IPO Registrar	Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: [email protected] Website: http://www.purvashare.com
IPO Lead Manager(s)	Corporate Capital Ventures Pvt Ltd

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