Phantom Digital Effects Limited IPO
i. Phantom Digital Effects is a creative VFX studio, specializing in Film, Web series, and Commercials. The company has delivered more than thousands of shots for Domestic and International feature films (Hollywood), Web Series & commercials in the past few years. Apart from working for film production and commercials, The Company periodically takes up subcontracts from larger visual effects studios as well.
ii. They are a Certified Trusted Partner Network (TPN) company, a full-fledged creative VFX studio, based in India with offices operating in US and Canada. The Company is not having any offices in US or Canada. Presently, they are operating in US and Canada through Agencies only for procuring orders.
iii. Phantom Digital provides high-end visual effects solutions for commercials, feature films, and Web series globally. Phantom Digital Effects Limited offers all sorts of creative VFX works, ranging from Final Compositing and Roto to creating 3D Elements, Photo real creatures and Environments, 3D, match move, and Animations.
- Well equipped with advanced technology.
- Experienced Promoters and Technically Sound Operation Team.
- Marque Clientele.
Objects of the Phantom Digital Effects Limited IPO:
Phantom Digital Effects Limited IPO Details:
|Open Date:||Oct 12 2022|
|Close Date:||Oct 14 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||29.10 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 91-95 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 25 2022|
Promoters And Management:
Financials of Phantom Digital Effects Limited IPO:
|Particulars (in Cr.)||Q1FY23||FY22||FY21||FY20|
|Cost of material consumed||0.55||0.81||0.20||0.70|
|Change in Inventory||0.33||-1.19||-2.72||0.22|
|Other Direct Expenses||1.19||3.31||1.92||2.70|
Comparison With Peers:
Recommendation on Phantom Digital Effects Limited IPO:
Review and Recommendation of Phantom Digital Effects Limited IPO by IZ Team is 3/10
1. The company which was started in the year 2011 by taking small projects in VFX and animation is today a creative VFX studio, specializing in Film, Web series and Commercial. They have also delivered more than thousands of shots for Domestic and International feature films (Hollywood). 2. The Company also occasionally accepts subcontracts from bigger visual effects studios in addition to working on film productions and commercials. 3. They provide high-end visual effects solutions for commercials, feature films, and Web series globally like Completing a Shot with final compositing, Creating 3D elements, 3D matchmove, 3D animation, Pre-visualization Game cinematics, and Fire / water Fx and other natural phenomena 3D ride animation. 4. Revenue has shot up in Fy22 and in the first quarter of FY23. The first quarter of FY23 looks like a cooked up revenue. There is an increase in revenue but trade receivables has also gone up. 5. The EPS of Fy22 is Rs. 4 per share. So, based on that P/E is 26x. This looks on higher side. 6. The peer is in loss, so comparison is difficult for valuation. 7. Mcap = 110 Crores. Looks very high.