NEWS

Phantom Digital Effects Limited IPO : Company Info. and Financials

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.