It is a sensational news for the Indian Animation and VFX Industry. Watch out guys, it is the actual Brahmāstra of Indian Stock Market in the arena of CGI and Visual Effects. It is a blockbuster of its own kind.
Check out the success story of the IPO of PhantomFX.
What is PhantomFX?
Before going into the stock market news, first lets know about the studio.
PhantomFX is Chennai based leading Animation and Visual Effects Studio of India. In a decade’s time, the studio has established itself as a trustworthy vendor for executing complex CGI and VFX projects in a timely manner. The studio has successfully delivered various projects in the domains of movies, web series, and commercials; India and International. Apart from Chennai, it also operates from Mumbai, US and Canada.
Let it be Animation, Roto, Paint, 3D tracking / Matchmoving, Creatures, Animals, Set extensions, Environments and other 3D assets, Crowd simulation, Particle effects / Simulations, Concept art, Pre-viz, Grading; this post production facility has covered it all. Their strength of 200+ versatile artists makes it all possible. Some of the notable credentials includes Vikram, RRR, Baahubali series, Superman & Lois, Beast, The Flash, Puli, Pete’s Dragon, Supergirl and 2.0.
PhantomFX is also TPN compliant and certified. TPN stands for Trusted Partner Network. It is a global standard for authenticating security of vendor’s content. It ensures best practices and robust pipeline to secure the digital content.
IPO of PhantomFX
And here comes the main news story.
IPO of PhantomFX came by the name of ‘Phantom Digital Effects’ and got listed on NSE SME (Small and Medium Exchange). The purpose of the IPO is to cover capital expenditure to set up studio and related general corporate expenses.
Essential details are as follows.
- The IPO was to raise about Rs 29.10 crore.
- Start date: 12th October, 2022
- Close date: 14th October, 2022
- Listing date: 21st October, 2022
- Issue price: Rs. 95
- Size of one lot: 1200 shares
- Minimum investment to buy one lot: Rs. 1,14,000
The stock settled on the price of Rs. 312.7 on its listing day. It is 229% growth in a single day.
In a simple calculations, the investors who got allotment of the shares, received Rs. 2.61 Lakh as against the investment of Rs. 1.14 Lakh.
It became raining money day for all the investors who has bought PhantomFX’s IPO. It was subscribed 164.22 times.
Current stock price of PhantomFX
After the mammoth growth, the price is declining. But, even though, it is still bullish if you compare it with the issue price of Rs. 95. If you want to have a VFX company in your stock portfolio, this one is a good to go for.
Check out today’s stock price of Phantom Digital Effects.
The future of Indian AVGC market
There is a huge surge in demand, not only from Hollywood but also from our native areas. India has started producing high end CGI and Visual Effects projects. Not only in full length movies, it is also spread in web series, commercials, documentaries and other broadcasting mediums. The content creators are pushing their financial envelope to justify their concept and storyline via proper cinematic sequences. It is creating a very bright future for our very own Indian AVGC (Animation, Visual Effects, Gaming, Comics) industry.
Some of the Indian movies with highest production budget are as follows. All figures are in INR. Some of these most expensive Indian movies carved a gigantic success and some sunk very badly.
- Brahmāstra: Part One – Shiva: 410 Crore
- RRR: 550 Crore
- Ponniyin Selvan: I (PS 1): 250 Crore
- 2.0: 540 Crore
- Saaho: 350 Crore
- Radhe Shyam: 300 Crore
- Baahubali 2: The Conclusion: 250 Crore
- 83: 225 Crore
- Pushpa: The Rise: 170 Crore
- Ram Setu: 150 Crore
- Beast: 150 Crore
As per official statistics of 2021, the Indian VFX sector grew by 103% to reach Rs 38.2 billion, while post-production grew by 49% to reach Rs 14.4 billion.
The global market is expected to grow at a CAGR of 11% to reach USD 49.83 billion by 2026.