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Phantom Digital Effects Limited IPO

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Phantom Digital Effects Limited was founded in 2016, and it is a full-fledged creative VFX studio situated in India with operations working in the US and Canada. PhantomFX provides a full complement of visual effects and is a TPN Certified company. 

The company excels in the following areas: final compositing of a shot; the creation of 3D elements; the creation of photoreal animals and environments; Pre-visualization Game cinematics, 3D ride animation for fire, water, and other natural phenomena, rigging/wiring removal, painting cleanup, rotoscoping, 3D matchmove, and 3D animation (storyboard, animation) are all in the works.

All throughout the world, businesses may turn to Phantom Digital Effects for professional visual effects services for their commercials, movies, and web series. The organisation operates studios in both Mumbai and Chennai.

Competitive Strength :

  • Technology-wise, it’s state of the art.
  • Proven Organizers with a Solid Operational Backbone.
  • Popularity among a Select Group of Customers.

Objects of the Issue :

For the following purposes, the Company plans to use the proceeds from the Net Fresh Issue:

1) Initial Investment in New Studios.

2) Overhead Costs for the Company as a Whole.

Phantom Digital Effects

IPO Timeline :

The initial public offering (IPO) for Phantom Digital Effects is scheduled for October 12, 2022, and will last until October 14, 2022. There will be a bidding period for shares in Phantom Digital Effects from 10 AM on October 12, 2022, to 5 PM on October 14, 2022. UPI Mandate confirmation must be received by 5 pm on the issuance closing day.

 IPO Lot Size :

The minimum purchase for an IPO lot of Phantom Digital is 1200 shares. One lot (1,200 shares or ₹114,000) is the maximum that a retail investor can request.

Application Lots Shares    Amount

  • Retail (Min) 1 1200   ₹114,000
  • Retail (Max) 1 1200   ₹114,000

IPO Review :

Based on PDEL’s announced FY22 and Q1 FY23 profitability, it appears that the issue is fully priced. Such outcomes not only cause observers to take notice, but also raise doubts about the long-term viability of the segment’s current trendiness. Only those with a lot of knowledge, a lot of cash, and a tolerance for risk should contemplate buying into this IPO.

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