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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

ApplicationLotsSharesAmount
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

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 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]/
Websitehttps://www.phantom-fx.com/index.php
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Websitehttp://www.purvashare.com
IPO Lead Manager(s)Corporate Capital Ventures Pvt Ltd 

FAQ

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.

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