The Phantom Digital Effects IPO will open on October 12 and close on October 14. This IPO will be an NSE SME IPO. Phantom Digital Effects is a Certified Trusted Partner Network (TPN) company. This company provides service of VFX and 3D animation. Its VFX studio is in India and administrative offices are in the United States and Canada. Phantom Digital Effects provides its services in Films, Commercials, VFX and Animation Movies.
This company has a large team of 200 artists. The proceeds from the IPO will be used to build new studios. The lot size of this IPO will be 1200 shares for retail investors and the price band will be 91 to 95. Retail investors will invest only for one lot from one account.
Phantom Digital has given its services in many films from Hollywood to Bollywood . Major films and services are Dangerous (VFX) , Superman and lois (VFX ), The Flash (3D Matchmove), South Indian film Beast (VFX) , Grey's Anatomy (Roto and Paint) and Walt Disney Movie Pete's Dragon ( Stereo roto & Paint) . Some of the projects are in the image below.
SME IPO is for Small and medium enterprises (SME) company. Through which this company is listed on the platform of BSE SME or NSE SME by selling its shares to the public. BSE SME and NSE SME is an emerging platform which allows Small and Medium Enterprises company to raise funds and get listed.
Phantom Digital Effects IPO Financial Information
| FY 2020 | FY 2021 | FY 2022 | 3M FY 2023 | |
| revenue | 1326.72 | 715.41 | 2236.6 | 1234.88 |
| Expenses | 1302.79 | 713.23 | 1581.52 | 676.4 |
| net income | 11.3 | 7.51 | 490.21 | 411.11 |
| Total Assets | 537.4 | 731.95 | 1491.08 | 2108.34 |
| Reserves and Surplus | 26.81 | 34.32 | 524.53 | 935.64 |
| total borrowings | 298.69 | 385.25 | 251.81 | 276.91 |
| net worth | 32.46 | 35.32 | 525.53 | 936.64 |
The main information related to Phantom Digital Effects IPO is as follows.
| Phantom Digital Effects IPO Open Date | 12 October 2022 |
| Phantom Digital Effects closing date | 14 October 2022 |
| date of share allotment | 19 October 2022 |
| refund issue date | 20 October 2022 |
| Date of arrival of shares in demat | 21 October 2022 |
| Phantom Digital Effects IPO Listing Date | 21 October 2022 |
| Phantom Digital Effects IPO Price | ₹91-₹95 per share |
| ipo lot size | 1200 shares (₹ 1,14,000) |
| IPO size | 3,063,600 Shares (₹29.10 Cr) |
| listing exchange | NSE SME |
| QIB Reservation | 50% |
| NII (HNI) Reservation | 15% |
| RETAIL Reservation | 35% |
| Promoter holding before IPO | 87.38% |
| Promoter holding after IPO | 63.92% |
| ipo face value | ₹10 per share |
| promoter of the company | Mr. Bejoy Arputharaj Sam Manohar |
| listing price | 300 ₹ |
Subscription Status. Subscription Status (Times) 14 October .
| Retail Investor (RII) | 207.08 |
| Non Institutional Investor (NII) | 554.76 |
| Qualified Institutional Investor (QIB) | 14.75 |
| Total Subscription | 164.22 |
SME IPO can be risky due to the small size of the company. Retail investors should do proper research before investing in IPOs.