Phantom Digital Effects Initiated its business operations in 2016. It is a certified Trusted Partner Network Company and a VFX studio based in India with its operations being run in Canada and America. Being a VFX studio the company specializes in 3D animation, 3D ride animation, creation of 3D elements, 3D matchmove, rotoscopy, paint cleanup and much more. It provides high quality visual effects to web series, commercials, feature films etc. In India it has 2 studios located in Mumbai and Chennai.
IPO DETAILS
Phantom Digital Effects Limited IPO is set to launch on 12th Oct., 2022. The subscription timeline extends till 14th Oct., 2022. The size for the IPO is 29.10 Crore Rs.. Shares issued through fresh issues are worth 25.08 Crore Rs. Shares issued through Offer For Sale mode are worth Rs. 4.02 Crore. The lot size is 1200 shares and the price range is 91 Rs. – 95 Rs./ share. The company is going to get listed at NSE SME. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Purva Sharegistry Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 12th Oct., 2022 |
| CLOSING DATE FOR IPO | 14th Oct., 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 91 Rs. – 95 Rs. |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 29.10 Crore Rs. |
| OFFER FOR SALE | 4.02 Crore Rs. |
| FRESH ISSUE | 25.08 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 25th Oct., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 12th Oct., 2022 |
| CLOSING DATE FOR IPO | 14th Oct., 2022 |
| IPO ALLOTMENT DATE | 19th Oct., 2022 |
| REFUNDS | 20th Oct., 2022 |
| DEMAT A/C CREDITED ON | 21st Oct., 2022 |
| IPO LISTING DATE | 24th Oct., 2022 |
Phantom Digital Effects Limited IPO begins for subscription from 12th Oct., 2022. The IPO subscription would continue till 14th Oct., 2022. The allotment status for the shareholders who applied would come on 19th Oct., 2022. The refunds for the ones who did not get allotment would be initiated on 20th Oct., 2022. The DEMAT accounts of shareholders would be credited on 21st Oct., 2022. The listing of the company would be accompanied on 24th Oct., 2022.
Lead Managers
The lead managers are :
- Corporate Capital Ventures Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 114000 Rs.. The maximum lot size is decided at 1200 shares. This amounts to 114000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 114000 Rs. |
| Maximum | 1200 shares | 114000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- To meet the future capital requirements for setting up new studios.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 1491 | 731 | 537 |
| Revenue | 2237 | 715 | 1326 |
| PAT | 490.2 | 7.5 | 11.3 |
The financials of the company are quite surprising. The assets of the company are worth 1491 Lakh Rs in 2022. However the same was 731 Lakh Rs and 537 Lakh Rs in 2021 and 2020 respectively. The revenue of the company is maximum in 2022 at 2237 Lakh Rs due to the increased asset investment. It seems that the company suffered a COVID effect as the 2021 financials are not at all proving the company’s work.
Also the surprise is that from just 7 lakh Rs in profits the company directly jumps to 490 Lakh Rs in profits in 2022. This is quite surprising given the company’s past performance. The profit stream starts with 11.3 Lakhs in 2020 then goes down to 7.3 Lakh Rs in 2021 and suddenly spikes up to 490.2 Lakh Rs in 2022. Thus one can be selective regarding the investment opportunity offered by Phantom Digital Effects Limited.
PROS
- Phantom Digital Effects has a good asset base and its profitability for 2022 is amazing.
- The company has multiple specialized fields of work being a VFX Studio and it operates in India as well as Canada and America. It has 2 operating studios in India at Mumbai and Chennai.
CONS
- The company’s financials are not stable given the 2021 performance. However the same was the COVID effect. Also the company operates in a highly competitive segment.
Phantom Digital Effects Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Phantom Digital Effects Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
