Phantom Digital Effects SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 12 Oct 2022 – 14 Oct 2022
- Listing date
- 21 Oct 2022
- Face value
- ₹10 per share
- Issue price
- ₹95 per share
- Lot size
- 1,200 shares
- Total issue size
- ₹29.10 Cr
- Market cap at offer price
- ₹111 Cr
- Promoter holding
- 87.38% → 63.92% pre-issue → post-issue
- ISIN
- INE0MLZ01019
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead managers
- Corporate Capital Ventures Pvt.Ltd.
- Registered office
- 6th Floor, Tower B, One India Bulls Park, Plot No.14, 3rd Main Road, Ambattur, Tamil Nadu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 8,65,200 | — | — |
| Market maker | 1,53,600 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹95
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,14,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,28,000 |
| S-HNI (max) | 8 | 9,600 | ₹9,12,000 |
| B-HNI (min) | 9 | 10,800 | ₹10,26,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.45 | — |
| P/E (×) | 17.43 | — |
| Market cap | — | ₹111 Cr |
Key performance indicators
- Return on net worth
- 93.28%
- NAV per share
- ₹5.84
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Phantom Digital Effects SME
Phantom Digital Effects Limited (formerly Phantom Digital Effects Private Limited) was incorporated on February 2, 2016 in Tamil Nadu and converted into a public limited company pursuant to a shareholders' resolution dated July 21, 2022 (fresh certificate of incorporation dated July 29, 2022). Its Promoter, Mr. Bejoy Arputharaj Sam Manohar, began working in VFX and animation in 2011, and the Company was formed in 2016. Today it operates as a full-fledged creative VFX studio headquartered in Chennai with a second studio in Mumbai, having delivered thousands of shots for domestic and international (Hollywood) feature films, web series and commercials, and it periodically takes up subcontracts from larger visual effects studios; it procures orders in the US and Canada through agencies rather than owned offices. Its services span final compositing, rig/wire removal, paint cleanup and rotoscopy, creation of 3D elements, photoreal creatures and environments, set extensions, concept art, natural phenomenon FX, 3D matchmove, 3D animation and pre-visualisation/game cinematics, with credits including Vikram, RRR, Bahubali, Robot 2.0, Avengers, Transformers, The Flash and Grey's Anatomy. The Company earns revenue primarily from the sale of VFX products and service contracts (local and exports), recording total income of Rs. 2,236.60 Lakhs and profit after tax of Rs. 490.21 Lakhs in FY2022, with 306 employees as of June 30, 2022. Through the IPO it intends to fund capital expenditure of Rs. 1,737.30 Lakhs for setting up four new studios at Chennai, Mumbai, Cochin and Hyderabad, besides general corporate expenses.
Company Analysis
from RHPPhantom Digital Effects Limited is a Trusted Partner Network (TPN)-certified creative visual effects (VFX) studio based in India that provides high-end VFX solutions — final compositing, roto/paint, 3D animation, CGI creatures/environments and pre-visualisation — for feature films, web series, television and commercials globally.
Phantom Digital Effects Limited (formerly Phantom Digital Effects Private Limited) was incorporated on February 2, 2016 in Tamil Nadu and converted into a public limited company pursuant to a shareholders' resolution dated July 21, 2022 (fresh certificate of incorporation dated July 29, 2022). Its Promoter, Mr. Bejoy Arputharaj Sam Manohar, began working in VFX and animation in 2011, and the Company was formed in 2016. Today it operates as a full-fledged creative VFX studio headquartered in Chennai with a second studio in Mumbai, having delivered thousands of shots for domestic and international (Hollywood) feature films, web series and commercials, and it periodically takes up subcontracts from larger visual effects studios; it procures orders in the US and Canada through agencies rather than owned offices. Its services span final compositing, rig/wire removal, paint cleanup and rotoscopy, creation of 3D elements, photoreal creatures and environments, set extensions, concept art, natural phenomenon FX, 3D matchmove, 3D animation and pre-visualisation/game cinematics, with credits including Vikram, RRR, Bahubali, Robot 2.0, Avengers, Transformers, The Flash and Grey's Anatomy. The Company earns revenue primarily from the sale of VFX products and service contracts (local and exports), recording total income of Rs. 2,236.60 Lakhs and profit after tax of Rs. 490.21 Lakhs in FY2022, with 306 employees as of June 30, 2022. Through the IPO it intends to fund capital expenditure of Rs. 1,737.30 Lakhs for setting up four new studios at Chennai, Mumbai, Cochin and Hyderabad, besides general corporate expenses.
Objects of the Issue
- Capital Expenditure for Setting up of Studios — four new studios proposed at Chennai (Rs. 1,137.95 Lakhs), Mumbai (Rs. 233.32 Lakhs), Cochin (Rs. 170.03 Lakhs) and Hyderabad (Rs. 195.03 Lakhs) ₹1,737.30 Lakhs p.63
- General Corporate Expenses (capped at 25% of the Gross Proceeds of the Issue) p.63
Issue Structure
- Total Issue
- 30,63,600 Equity Shares aggregating to ₹ [●] Lakhs (constituting 26.32% of the post-issue paid-up equity share capital)
- Fresh Issue
- 26,40,000 Equity Shares aggregating to ₹ [●] Lakhs
- Offer for Sale
- 4,23,600 Equity Shares aggregating to ₹ [●] Lakhs (by Mrs. Syntia Moses Darry)
- Price Band
- ₹ 91.00 to ₹ 95.00 per Equity Share
- Lot Size
- Minimum of 1200 Equity Shares and in multiples of 1200 Equity Shares thereafter
- Face Value
- ₹ 10 per Equity Share
Business Model
The Company derives its revenues primarily from the sale of visual effects (VFX) products and service contracts; revenue from operations comprises 'Sale of services' split between Local and Exports, recognised when the soft copy of the file is made or given to the client, with advance receipts recognised on invoicing and the balance over subsequent months. It also periodically takes up subcontracts from larger visual effects studios.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Bejoy Arputharaj Sam Manohar | Promoter | 68.38% | 52.87% |
| Mrs. Syntia Moses Darry | Promoter Group / Selling Shareholder | 14.00% | 7.19% |
| Mr. Binu Joshua Sam Manohar | Promoter Group | 5.00% | 3.87% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.